Bonds

Price Reference: EUREX Bund Futures

Maximum trade-ticket size: 50 000 Units

Financing spread: 2,0% p.a.

Bunds are issued by the Federal Republic of Germany and have a face value of EUR 100 000 with a remaining term to maturity of between 8 1/2 and 10 1/2 years and a coupon of 6% per annum

Price Reference: EUREX Bobl Futures

Maximum trade-ticket size: 10 000 Units

Financing spread: 2,0% p.a.

Bobls are issued by the Federal Republic of Germany and have a face value of €100 000, with a remaining term to maturity of between 4.5 and 5.5 years and a coupon of 6% per annum. The marketindex Bobl price quote has the following specifications:

Price Reference: EUREX Schatz Futures

Maximum trade-ticket size: 10 000 Units

Financing spread: 2,0% p.a.

Schatz are issued by the Federal Republic of Germany and have a face value of EUR100 000, with a remaining term to maturity of between 1.75 and 2.25 years and a coupon of 6% per annum. The marketindex Schatz price quote has the following specifications:

Price Reference: CBOT T-Note-Future

Maximum trade-ticket size: 20 000 Units

Financing spread: 2,0% p.a.

US Treasury notes are issued with a face value at maturity of $100 000. T-Note matures at least 6 years but not more than 10 years from the first day of the delivery month.

Price Reference: CBOT T-Bond-Future

Maximum trade-ticket size: 20 000 Units

Financing spread: 2,0% p.a.

US Treasury bonds are issued with a face value at maturity of $100 000. If the T-Bond is callable the issuer can decide to redeem before its stated maturity date - there is no right to buy for at least 15 years from the first day of the delivery month. If the bond is not callable, it will have a maturity of at least 15 years from the first day of the delivery month. The marketindex T-Bond price quote has the following specifications: