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EUR Secured Funding Futures

EUR Secured Funding Futures (FLIC)

Product ISIN
DE000A1YD7E8
Underlying ISIN
DE000A1X21E8
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:Feb 24, 2020 7:19:13 PM

Orderbook

Opening priceHighLowBid priceBid volAsk priceAsk volDiff. to prev. day lastLast priceDateTimeDaily settlem. priceTraded contractsOpen interest (adj.)Open interest dateLast trading day
n.a. n.a. n.a. n.a. n.a. n.a. n.a. +0.00% 100.47 02/24/2020 19:19:13 100.47 0 0 10/30/2019 02/24/2020

Statistics

Data is forFeb 21, 2020   Last update:Feb 22, 2020 12:00:00 AM

Product type:
F
Stock exchange:
n/a
Underlying closing price:
0
Delivery monthOpening priceDaily highDaily lowLast priceSettlem. priceTraded contractsOpen interestOpen interest (adj.)
Mar 200.000.000.000.00100.47000
May 200.000.000.000.00100.48000
Jun 200.000.000.000.00100.485000
Jul 200.000.000.000.00100.485000
Sep 200.000.000.000.00100.48000
Feb 210.000.000.000.00100.52000
Total     000

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.OMEA <Cmdty>
thomsonreuters0#FLIC
SIX Financial Information LtdCH21744736
interactive dataF:FLIC\F15

Trading

Contract Specifications

Version : 12 Nov 2014

Underlying instrument
STOXX® GC Pooling EUR Deferred Funding Rate


Contract value
EUR 1 million.


Settlement
Cash settlement, payable on the first exchange day following the final settlement day.


Price quotation and minimum price change
The price quotation is in percent, with three decimal places, expressed as 100 minus the traded rate of interest. The minimum price change is 0.005 points, the tick value is EUR 5.83.


Contract months
The current and the four following periods of time determined by the Eurex Exchanges are available for trading at a maximum (maturity months Jun 18, Jul 18, Sep 18, Oct 18, Dec 18).


Last trading day and final settlement day
Last trading day is the final settlement day. Final settlement day is the last exchange day of the relevant period of time, provided that on that day STOXX® has determined the STOXX® GC Pooling EUR Deferred Funding Rate; otherwise, the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 18:00 CET.


Daily settlement price
The daily settlement price for the current maturity month of EUR Secured Funding Futures is derived from the volume-weighted average of the prices of all transactions during the minute before 18:00 CET (reference point), provided that more than five trades transacted within this period.

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 19:00 CET; based on the compounded average of the effective interest rates on GC Pooling repo transactions as determined by STOXX® on a daily basis for the duration of a period of time determined by the Eurex Exchanges.


EUR Secured Funding Futures are available for trading in the U.S.

Trading Calendar

  • 01 Jan 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 10 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 13 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 13 Jan 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 28 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 28 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 14 Feb 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 17 Feb 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 17 Feb 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 13 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 16 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 16 Mar 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 16 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 17 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 17 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 17 Mar 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 17 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 09 Apr 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 09 Apr 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 10 Apr 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 13 Apr 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 14 Apr 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 01 May 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 05 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 05 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 15 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for options on Three-Month EURIBOR Futures

  • 18 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 18 May 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 09 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 09 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 12 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 15 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 15 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Jun 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 16 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 16 Jun 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 10 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 13 Jul 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 13 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 21 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 21 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 14 Aug 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 17 Aug 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 17 Aug 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 11 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEU3)

  • 14 Sep 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEU3)

  • 14 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 14 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 15 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 15 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 15 Sep 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 16 Oct 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 19 Oct 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 19 Oct 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 03 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 03 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 13 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 16 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 16 Nov 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 11 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 14 Dec 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 14 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 14 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 15 Dec 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 15 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 24 Dec 2020
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Products Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 31 Dec 2020
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Products Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday

    Eurex is closed for trading in all derivatives

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0018:0019:0019:00
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0018:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard fees (A-accounts)EUR 0.40 per contract
Exchange transactions: Standard fees (M- and P-accounts)EUR 0.20 per contract
TES transactions / Eurex EnLight: Standard fees (A-accounts)EUR 0.60 per contract
TES transactions / Eurex EnLight: Standard fees (M- and P-accounts)EUR 0.30 per contract
Position Closing AdjustmentsEUR 0.80 per contract
Cash settlementEUR 0.40 per contract
Position transfer with cash transferEUR 7.50 per transaction

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 300 contracts.

Parameters

Maximum Spreads

Maximum Spread (ticks)

6.00

Minimum Quote Size

Quote Obligations - OutrightsQuote Obligations - Consecutive months spreads
Maturity monthsDMM schemeMinimum quote size per sideMaturity monthsDMM schemeMinimum quote size per side

1-2

Tier 150 lots

1 vs 2

Tier 1100 lots
Tier 2200 lotsTier 2250 lots

3-5

Tier 125 lots2 vs 3
3 vs 4
4 vs 5
Tier 1100 lots
Tier 2150 lotsTier 2150 lots


The minimum quote duration is 60 percent of the core trading hours of the underlying between 08:00 and 17:00 CET (on a monthly average).

In Fast Market, the minimum quote size is reduced by 50 percent.

Market Makers

Mistrade Ranges

A deviation from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price by more than the higher value between the mistrade range floor or 20 percent of the PCP for the corresponding futures contract, unless another regulation has been made for an individual product.

The floor value for the mistrade range will be determined on a product level as the higher value between 10 percent of the corresponding outright futures mistrade range calculated using the price change percentile methodology and an absolute value of four ticks.

Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

Orderbook

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