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ETF derivatives – Update on introduction and additional information

Release date: 07 Nov 2019 | Eurex Exchange

106/2019 ETF derivatives – Update on introduction and additional information

Eurex Circular 106/19

1. Introduction

The Management Board of Eurex Deutschland and the Executive Board of Eurex Frankfurt AG took with effect from 9 December 2019 the decision to introduce options on:

  • iShares EUR High Yield Corporate Bond ETF (IHYG LN)
  • iShares Core EUR Corporate Bond ETF (IEAC LN)

It has already been communicated with Eurex circular 098/19.

2. Required actions

As previously announced with Eurex circular 098/19, participants interested in trading the options must ensure that they have the necessary set-up to clear the underlying ETF shares.

3. Details

3.1   Amendments to Contract Specifications

The main update to the Contract Specifications effective on the launch date of 7 December 2019, to those drafts originally incorporated in Eurex circular 098/19, are the following:

  • Change of term for contract expiration dates

3.2 Change of term for contract expiration dates

For OHYG and OEAC options contracts are with terms up to the next, the second and the third succeeding expiration days as well as up to and including the next three succeeding quarterly expiration days (March, June, September, December) thereafter.

3.3 Fixed Income ETF Options

Products

Product ID

iShares Core EUR Corporate Bond ETF

OEAC

iShares EUR High Yield Corporate Bond ETF

OHYG

Attachment:

  • Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland


Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice,

Contact:

Sales: Vassily Pascalis, Tel: +44-20-78 62-72 11, vassily.pascalis@eurexchange.com

FI PD: Samuel Price, Tel: +44 (0)207 8 62-73 47, samuel.price@eurexchange.com

FI PD: Rex Jones, Tel: +49-69-211-1 78 06, rex.jones@eurexchange.com

Authorized by:

Michael Peters



 

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