Euro-OAT Futures

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Background

The Euro-OAT Futures contract is a long-term fixed income futures contract based on notional long-term bonds issued by the French Government. OAT stands for Obligations Assimilables du Trésor. Eurex, the exchange this contract is offered on, anticipates customers may use the instrument as a hedging device against price fluctuations in the actual bonds.

The product was introduced in April of 2012 amid fears over France's debt issue and thoughts subsequent demand for a risk-mitigating products has increased.[1]



Long-term French Government Bonds futures
Exchange Eurex
Settlement Cash and physical
Contract Size Notional long-term bonds issued by the French Republic with a remaining term of 8.5 to 10.5 years and

an original term of no more than 17 years and a coupon of 6 percent.

Pricing Unit Eur .01
Tick Value Eur $10
Contract Months quarterly months of the cycle March, June, September and December.
First Notice Date The tenth calendar day of the respective quarterly month, if this day is an exchange trading day, otherwise

the following exchange trading day

Last Trading Day Two exchange trading days prior to the delivery day of the respective delivery month. End of trading for

the maturing delivery month is 12:30 CET

Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 08:00–19:00 CET
Ticker Symbol N/A FOAT
Price Limits N/A N/A

References

  1. Euro-OAT Future. eurex.com.