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The CBOT is the first exchange in the world to introduce cash-settled German Government debt futures, a superior and unique product design that features convergence between the futures and the underlying cash market at expiration. Users of CBOT Bund, Bobl and Schatz will benefit from the most sophisticated trading and clearing environments within the industry.
CBOT President and CEO Bernard W. Dan said, "The CBOT's cash-settled Bund, Bobl and Schatz futures contracts are the result of numerous conversations with customers who wanted the opportunity to execute German debt futures trades in a fully transparent environment, side-by-side with the world's deepest and most liquid U.S. Treasury futures contracts. In addition, the CBOT's German debt contracts allow better risk management, a key issue that the exchange discussed with market users. CBOT Bund, Bobl and Schatz futures also feature the most efficient and transparent settlement process at expiration."
The CBOT will offer German Government debt futures with a tick size of one basis point, which is equal to 10 euros. Regular trading hours for CBOT Bund, Bobl and Schatz futures will be from 8 a.m. to 9:15 p.m. Central European Time (1 a.m. to 2:15 p.m. Chicago Time), Monday through Friday. Trading on April 23 will begin at 8 a.m. Central European Time.
For more comprehensive information on CBOT's Bund, Bobl and Schatz futures, please visit www.cbot.com.
