- Trading Screen Product Name
- Long French Bond Future (OAT)
- Trading Screen Hub Name
- ICEU
- Contract Symbol
BFL
- Unit of Trading
€100,000 nominal value notional euro-denominated French
Government Bond with 6% coupon
- Delivery Date
10th calendar day of the respective quarterly month. If such day is
not a business day, delivery shall occur on the next succeeding
business day
- Delivery Month
Nearest two quarterly expiry months.
- Quotation
Per €100 nominal
- Minimum Price Fluctuation
0.01 (€10)
- Last Trading Day
Two business days prior to the Delivery Day of the relevant
maturity month. On the Last Trading Day, trading in the front month
will cease at 11:30 London time (12:30 CET)
- Exchange Delivery Settlement Price
On Final Settlement Day at 11:30 London time (12.30 CET), based on
volume weighted average price of all trades during the final minute
of trading. If there are no trades, based upon bid / offer prices,
otherwise the price will be established using fair value and
reference to other markets
- Wholesale Service
Asset Allocation, Basis Trading, Block Trading.
- Algorithm
(1000 x EDSP x PRICE FACTOR) + ACCRUED INTEREST
- Maturities
8 years and 6 months to 10 years and 6 months
- Contract Standard
Delivery of relevant government bond on the List of Deliverable
Bonds in respect of the delivery month
- Underlying Basket
Debt securities of the Republic of France must have to possess the
abovementioned minimum issuance volume prior to the first calendar
day of the previous quarterly delivery month expiration. Otherwise,
they shall not be deliverable until the delivery day of the current
due month.
- Underlying Bonds Specifications
Debt securities issued by the Republic of France must have an
original term of less than or equal to 17 years.
- Minimum Bond Issuance
Debt securities issued by the Republic of France must have a
minimum issue amount of EUR 5 billion.
- Additional Information
Potential users of the European Government Bond Futures Contracts
should familiarize themselves with the relevant Contract Terms and
Administrative Procedures. Potential users should consider the
risks of holding a position until the Last Trading Day of a
Contract wherein they shall be buyers or sellers in the delivery
process. In particular, they should familiarize themselves with the
use of Price Factors and the EDSP price formation process as these
are both constituents of the formula for the calculation of the
invoicing amount.
NOTE: All times are London, unless otherwise stated
- MIC Code
- IFLL
- Clearing Venues
- ICEU