The participation on Eurex Bonds by the German Finance Agency, which, like the German Bundesbank, carries out its trading activities via the Eurex Bonds system, underscores the exceptional status of Eurex Bonds. The German Bundesbank has been active on the platform since the launch of Eurex Bonds in October 2000. The German Finance Agency's participation in Eurex Repo is also another important step towards establishing electronic repo trading in Europe. In January the Finance Agency had already announced that it would participate in Eurex Bonds.
Eurex Bonds is the electronic platform for trading in bonds and is operated jointly by Eurex and major bond-trading houses. Since the beginning of 2002, Eurex Bonds has also been offering, in addition to German government bonds, issues of the KfW (Kreditanstalt für Wiederaufbau), the European Investment Bank and individual German states, as well as jumbo Pfandbrief issues, for trading and clearing. Moreover, with the trading of underlying instruments, Eurex Bonds makes available an attractive product combination of bonds and futures contracts traded at Eurex.
Eurex Repo is the main European marketplace for euro repo trading in German government bonds and jumbo Pfandbrief issues as General Collateral for secured fund-raising and Special Repos for the borrowing and lending of certain securities for terms of one day to 365 days. Eurex Repo offers the complete value-added chain; the clearing and settlement functionalities make the repo business fast and cost-efficient. According to Eurex, this is especially due to its attractive clearing structures, which makes it possible for trading participants to clear and settle their transactions via existing clearing members.
Further information from the Gruppe Deutsche Boerse is available under http://www.media-relations.deutsche-boerse.com.
