| CONTRACT |
30-YEAR 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 |
NSC
Pre-opening : 7 :00 am - 8 :00 am
Main trading session : 8 :00 am - 10 :00 pm
Settlement day changeover : 4 :30pm |
