The international trading platform Eurex Bonds is
poised to expand its range of products in a number of
stages, offering bonds from international issuers as
well as corporate bonds for the first time. The first
stage will involve the addition of a total of 43 new
bonds - European Investment Bank bonds and European
covered bonds from Spain, France, the United Kingdom
and Ireland - on November 15. In addition, Eurex Bonds
plans to admit selected corporate bonds before the end
of the year. A further stage should see the addition
of Austrian, Belgian, Dutch, and Spanish government
bonds in Q1 2005, with more bonds issued by other
European states to be included on the trading platform
over the course of the year.
The expansion of the product range will be made
possible thanks to a new link, in place since the end
of October, between Eurex Clearing AG, the central
counterparty for all transactions concluded on Eurex
Bonds, and Clearstream Banking Luxembourg. This will
provide an efficient settlement solution for bonds
held in international depositories.
Eurex Bonds already boasts a total of 31 active
participants, including the German Finance Agency and
the German Bundesbank. According to Eurex Bonds,
interest by global participants continues to grow and
more participants are currently in the link-up
process.
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