Eurex has set the position limits for the March 2005 contracts in the Euro Fixed Income Futures.
The limits have been set as follows:
* Euro Bund Future (FGBL) 80,000 Contracts
* Euro Bobl Future (FGBM) 65,000 Contracts
* Euro Schatz Future (FGBS) 50,000 Contracts
The limits apply only to long positions in the front month contracts of the products concerned, and will apply from March 1, 2005 until March 8, 2005. Positions must therefore be within the prescribed limits after close of trading on February 28, 2005.
The position limits will be monitored intra-day by Eurex Market Supervision and the Trading Surveillance office. Same-day position adjustments of the instruments should be made by using the Trade Adjustment function (Open/Close Adjustment) instead of the Position Close Out, in order to avoid such transactions being subject to late closing fees.
Proprietary trading positions and client positions will be considered separately. In relation to limit violations on the client account, please note that, according to the Exchange Rules,