View source for Eurex Euro-Bund

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A Bund is a bond issued by the German federal government.  The [[Eurex]] Euro-Bund futures contract is the exchange's most popular contract, with total volume in 2011 of 236 million contracts. <ref>{{cite web|url=http://www.futuresindustry.org/files/css/magazineArticles/article-1383.pdf|name=Annual Volume Survey|org=Futures Industry Association|date=May 18, 2012}}</ref> It is based on '''long-term debt''' with a term of 8.5 to 10.5 years, and is considered the benchmark for long-term euro-denominated [[government debt]].
{{Contract
|exch     =  Eurex
|cname    =  Euro-Bund
|commod   =  Bund
|ctype    =  Interest Rate
|cash     =  <!-- Y if the contract is cash-settled; leave blank if not -->
|months   =  Up to 9 months: The three nearest quarterly months of the March, June, September and December cycle.
|fnd      =  Clearing members with open short positions must notify Eurex on the Last Trading Day of the maturing futures which debt instrument they will deliver. Such notification must be given by the end of the Post-Trading Full Period (20:00 CET).
|ltd      =  Two exchange days prior to the Delivery Day of the relevant maturity month. Close of trading in the maturing futures on the Last Trading Day is at 12:30 CET.
|unit     =  €100,000
|ptdesc   =  The Price Quotation is in percent of the par value, with the minimum price change being 0.01%
|ptval    =  €10
|tickPt   =  1<!-- Number of points per trading tick, eg 2.5 -->
|tickVal  =  €10<!-- Dollar (or other currency) amount of trading tick -->
|elect    =  x
|elHours  =  8:00 am CET to 22:00 (10:00 pm) CET, except on last trading day, when trading ends at 12:30 pm CET (Eurex operates in three trading phases: pre-trading, trading and post-trading. The post-trading phase is further split in several periods where different functions are available.  Pre-trading begins at 7:30 am CET, and post-trading ends at 22:30 (10:30 pm) CET, except on the last trading day, when trading ends at 12:30 pm CET)
|elLimit  =  <!-- Price limits on electronic trading session; leave blank if none -->
|elSym    =  FGBL
|outcry   =  <!-- Y if an open outcry session exists for trading; leave blank if electronic only -->
|ooHours  =  <!-- Open outcry trading hours; leave blank if none -->
|ooLimit  =  <!-- Price limits on open outcry trading session; leave blank if none -->
|ooSym    =  <!-- Ticker symbol for open outcry session; leave blank if none -->

<!-- The following section is for option data -- leave blank if options are not relevant -->
|oed       =  Six exchange days prior to the first calendar day of the option expiration month. Close of trading in all option series on the Last Trading Day is at 17:15 CET.
|options  = Y
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
|opMonths  =  Up to 6 months: The three nearest successive calendar months, as well as the following quarterly month of the March, June, September and December cycle thereafter.

Calendar Months: The maturity month of the underlying futures contract is the quarterly month following the expiration month of the option.

Quarterly Months: The maturity month of the underlying futures contract and the expiration month of the option are identical.
|opPtdesc  =  The Price Quotation is in percent of the par value, with the minimum price change being 0.01%<!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
|opPtval   =  €10<!-- dollar (or other currency) value of one market point -->
|opTickPt  =  1
|opTickVal =  €10
|opExercise=  American-style (An option can be exercised until the end of the Post-Trading Full Period (20:00 CET) on any exchange day during the lifetime of the option, or until 18:00 CET on the Last Trading Day, which is Six exchange days prior to the first calendar day of the option expiration month. Close of trading in all option series on the Last Trading Day is at 17:15 CET.)
|opElect   =  x <!-- Any value if electronic trading is used -->
|opEHours  =  Same as futures<!-- trading hours for electronic platform; leave blank if none -->
|opELimit  =  <!-- Daily price limit for electronic platform; leave blank if none -->
|opESym    =  OGBL
|opOutcry  =  <!-- Any value if open outcry is used -->
|opOHours  =  <!-- trading hours for open outcry session; leave blank if none -->
|opOLimit  =  <!-- Daily price limit for open outcry session; leave blank if none -->
|opOSym    =  <!-- Ticker symbol for open outcry session -->
|opStrike  =  Upon the admission of the options, at least nine exercise prices shall be made available for each term for each call and put, such that four exercise prices are in-the-money, one is at-the-money and four are out of-the-money.
}}
== References ==

<references />

[[Category:Eurex]]
[[Category:Eurex Interest Rate Products]]
[[Category:Interest Rate Products]]