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.
|Long-term French Government Bonds futures|
|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|
- Euro-OAT Future. eurex.com.