EUREX: FBTM Mid-Term Euro-BTP Futures prices chart

Mid-Term Euro-BTP Futures (EUREX: FBTM) Contract Specifications
Debt instruments: Notional short-, medium- or long-term debt instruments issued by the Federal Republic of Germany, the Republic of Italy, the Republic of France, the Kingdom of Spain or the Swiss Confederation with remaining terms and a coupon of:

Remaining term in years: 4.5 to 6.0
Coupon in percent: 6
Currency: EUR
Contract values: EUR 100,000
Price quotation and minimum price change: 0.01 Percent = EUR 10

Settlement:
(1) A delivery obligation arising out of a short position may only be fulfilled by the delivery of certain debt securities issued by the Federal Republic of Germany, the Republic of Italy, the Republic of France, the Kingdom of Spain or the Swiss Confederation with a remaining term on the delivery day within the remaining term of the underlying.
(2) Debt securities issued by the Federal Republic of Germany must have an original term of no longer than 11 years (not valid for FGBX).
(3) Debt securities issued by the Republic of Italy must have an original term of no longer than 16 years.
(4) Debt securities issued by the Republic of France must have an original term of no longer than 17 years.
(5) Debt securities issued by the the Kingdom of Spain must have an original term of no longer than 15 years.
(6) In the case of callable bonds issued by the Swiss Confederation, the first and the last call dates must be between eight and 13 years.
(7) Debt securities issued by the Federal Republic of Germany must have a minimum issue amount of EUR 4 billion.
(8) Debt securities 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, such issued by the Republic of Italy and the Kingdom of Spain no later than ten exchange days prior to the last trading day of the current maturity month, otherwise, they shall not be deliverable until the delivery day of the current maturity month.
(9) Debt securities issued by the Swiss Confederation must have a minimum issue amount of CHF 500 million.

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:
(1) The daily settlement prices for the current maturity month of CONF Futures are determined during the closing auction of the respective futures contract.
(2) 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.
(3) 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.

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