Eurex Position Limits For September Capital Market Products From September 1 To 6 - Reduced Contract Penalties To Make Delivery Processes More Flexible

Eurex, the international derivatives market, reports that it is introducing position limits for the September contracts in Bund, Bobl and Schatz capital market futures. Eurex is doing this to support the early transfer (rollover) of open positions into the next contract cycle.

The position limits are valid for the period from September 1 to September 6 and limit long positions held by a market participant, separated according to proprietary and customer trading positions. The limit will be set in relation to the issue size of the cheapest-to-deliver (CTD) bond and will be published no later than six exchange-trading days before the validity period applying to the position limit begins.

As an additional change in favor of flexibility and operational support for the delivery process in its capital market products, as of the June contract Eurex is reducing the contract penalty for late deliveries of securities in the second cycle in the settlement of securities transfers (same-day settlement - SDS). This penalty is being reduced from 400 euros per contract to 40 euros. For deliveries after the second cycle, the rule remains unchanged.