www.eurexchange.com

Eurex, the world’s leading futures and options exchange

Eurex, the world’s leading derivatives exchange, traded a record 1.25 billion contracts in 2005. Eurex offers its customers cost-effective access to a global liquidity network, modern clearing facilities and a broad portfolio of financial derivative products.

Aside from operating a fully electronic trading platform, Eurex provides an automated and integrated joint clearing house. Eurex Clearing AG offers central counterparty services for instruments traded on the Eurex exchanges, Eurex Bonds and Eurex Repo as well as the Frankfurt Stock Exchange (Xetra^® and floor) and the Irish Stock Exchange (ISE). With this structure, Eurex participants benefit from a high-quality, cost-efficient and comprehensive value chain of trading and clearing services via a single electronic system.

Together with leading international financial institutions, Eurex operates the electronic trading platform Eurex Bonds, an ECN (electronic communication network) for off-exchange, wholesale trading in fixed income securities and treasury discount papers. Through the basis trading Eurex Bonds offers a direct link between the cash market and the futures market, this enables electronic basis trading via a central order book.

Eurex Repo, which is a separate segment, is the electronic trading solution for repos (sale and repurchase agreements). Eurex Repo is among the forerunners in providing an integrated trading and clearing platform for repo transactions. Furthermore Eurex Repo offers the entire value chain from trading through clearing and settlement in the CHF and EUR market.

Derivative Products

The Euro-Buxl^®, Euro-Bund, Euro-Bobl and Euro-Schatz interest rate futures cover the European yield curve from 2 years up to 35 years, the CONF Futures is the benchmark futures contract for the Swiss yield curve.

Available equity index derivatives include futures and options on the Dow Jones EURO STOXX 50^®, DAX^®, and SMI^® indexes as well as sector index derivatives on the Dow Jones EURO STOXX^® and Dow Jones STOXX^® 600. The Dow Jones EURO STOXX 50^® Index Futures contract was the most heavily traded equity index derivative, trading 140 million contracts.

The equity segment includes options on Dutch, French, German, Italian, Scandinavian, Spanish, Swiss, and U.S. equities. With Single Stock Futures, Eurex offers futures on the underlying equities on all component issues of the European benchmark indexes Dow Jones EURO STOXX 50^®, DAX^®, SMI^®, and the Dow Jones STOXX^® 600 Index.

In 2005, Eurex introduced volatility index futures as a new asset class, based on the volatility indexes VSTOXX^®, VDAX-NEW^®, and VSMI^®, which cover pan-European, German, and Swiss equity markets respectively.

Eurex’s OTC Trading Facilities & Services enable Eurex members to combine the flexibility of OTC trading with the advantages of standardized clearing and settlement.

Further Information

The Eurex website www.eurexchange.com provides versatile information about the use of exchange traded derivatives in professional money management.

The Institutional Investor Section features an extensive range of seminars, learning tools, and publications about our products and services. They are available for download on http://www.eurexchange.com/investors/institutional/introduction_en.html

Key Contacts

Eurex Frankfurt AG
Neue Börsenstraße 1
60487 Frankfurt/Main
Germany
Tel: +49 (0)69-211-56 00

Eurex Zürich AG
Selnaustrasse 30
CH-8021 Zurich
Switzerland
Tel: +41 (0)58 854-29 48

US Representative Office
233 South Wacker Drive; Suite 2450
Chicago, IL 60606,
USA

UK Representative Office
One Canada Square, Floor 42
Canary Wharf
London E14 5DR
Great Britain

French Representative Office
17, Rue de Surène
75008 Paris
France

Websites: www.eurexchange.com
www.eurex-bonds.com
www.eurexrepo.com

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