| CONTRACT | E-BOND |
| Underlying | 25 to 35 - year notional Treasury Bond denominated in euros (issued by EMU Sovereigns), redeemable at maturity, with a 5,5% coupon |
| Trading Unit | 100,000 ECU (100 ,000 euros as of 4th of January 99) |
| Price Quotation | Percent of nominal value, quoted to the 2nd decimal point |
| Tick size | 1bp, equivalent to 10 ECU (10 euros as of 4th of January 99) |
| Maturities | 2 successive quarterly maturities out of March, June, September and December |
| Last Trading Day | The 2nd trading day preceding the 3rd Wednesday of the contract month |
| First Trading Day | The 3rd maturity opens for trading on the 1st trading day of a contract month. |
| Settlement and Delivery | Based on settlement price. Bonds are selected by the seller from an official list of 25 to 35 - year eligible Treasury Bonds denominated in euros, issued by a list of EMU Sovereign determined before the opening of the maturity, redeemable at maturity, with a minimum outstanding of 5 bn euros paid 1 month before the settlement date of the contract month. |
| Trading | Pre-opening : 7 :00 am - 8 :00 am
Main trading session : 8 :00 am - 10 :00 pm Settlement day changeover : 4 :30pm |
| Sovereign Issuer | Currency of issue (before conversion to Euro) | Coupon | Maturity | Issue outstandings as of August 31, 1998 | |
| amount in currency of issue | amount in ECU | ||||
| Germany | DEM | 6.5 | 04-Jul-27 | 22,000,000,000 | 11,154,433,127 |
| Germany | DEM | 5.625 | 04-Jan-28 | 28,000,000,000 | 14,196,551,252 |
| France | FRF | 6 | 25-Oct-25 | 61,771,000,000 | 9,350,387,890 |
| France | FRF | 5.5 | 25-Apr-29 | 36,427,000,000 | 5,514,020,814 |
| Netherland* | NLG | 5.5 | 15-Jan-28 | 7,250,000,000 | 3,260,801,123 |
| Total | 43,476,194,205 | ||||
