[Spot Trading] EUREX: FOAT Euro-OAT CFD

Euro-OAT Futures
Product ID : FOAT
Product ISIN : DE000A1MAPW3

Currency : EUR
Contract values : EUR 100,000 or CHF 100,000.
Remaining term in years : 8.5 to 10.5
Coupon in % : 6
Minimum price change :
Percent : 0.01
Value : EUR 10

Debt securities issued by the Federal Republic of Germany must have a minimum issue amount of EUR 4 billion, such issued by the Republic of France, the Republic of Italy and the Kingdom of Spain must have a minimum issue amount of EUR 5 billion, and such issued by the European Union must have a minimum issue amount of EUR 10 billion.

Debt securities of the Federal Republic of Germany, the Republic of Italy, the Republic of France, the Kingdom of Spain, and the European Union have to possess the abovementioned minimum issuance volume prior to the first calendar day of the previous delivery month expiration cycle. Otherwise, they shall not be deliverable until the delivery day of the current due month.

Debt securities issued by the Swiss Confederation must have a minimum issue amount of CHF 500 million.

Debt securities of the Republic of Italy that are explicitly issued as "BTP Futura", "BTP Valore", "BTP PIU" or as "BTP Green" shall not be deliverable under Short-Term, Mid-Term, and Long-Term Euro-BTP-Futures contracts.

Debt securities of the European Union that are explicitly issued as "NGEU Green Bonds" shall not be deliverable under Euro-EU Bond Futures contracts.

Contract months : Up to 9 months:The three nearest quarterly months of the March, June, September and December cycle.

Delivery day : The tenth calendar day of the respective quarterly month, if this day is an exchange day; otherwise, the exchange day immediately succeeding that day.

Notification : Clearing members with open short positions must notify Eurex on the last trading day of the maturing futures which debt instrument they will deliver. Such notification must be given by the end of the Post-Trading Full Period.

Last trading day : Two exchange days prior to the delivery day of the relevant maturity month. Close of trading in the maturing futures on the last trading day is at 12:30 CET.

Daily settlement price : The daily settlement prices for the current maturity month of CONF Futures are determined during the closing auction of the respective futures contract.

For all other fixed income futures, the daily settlement price for the current maturity month is derived from the volume-weighted average of the prices of all transactions during the minute before 17:15 CET (reference point), provided that more than five trades transacted within this period.

For the remaining maturity months the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book

Final settlement price : The final settlement price is established by Eurex on the final settlement day at 12:30 CET based on the volume-weighted average price of all trades during the final minute of trading provided that more than ten trades occurred during this minute; otherwise the volume-weighted average price of the last ten trades of the day, provided that these are not older than 30 minutes. If such a price cannot be determined, or does not reasonably reflect the prevailing market conditions, Eurex will establish the final settlement price.

Block Trades : Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 250 contracts.