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11 Apr 2025

Eurex

Credit Index Futures: Renaming of Futures on Bloomberg MSCI Euro Corporate SRI Index 

Eurex Circular 032/25 Credit Index Futures: Renaming of Futures on Bloomberg MSCI Euro Corporate SRI Index

1. Introduction

The Management Board of Eurex Deutschland took the following decision with effect from 5 May 2025:

  • to rename Futures on Bloomberg MSCI Euro Corporate SRI Index;
  • to amend the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland, as outlined in Attachments 1 and 2.

The Executive Board of Eurex Frankfurt AG took the following decision with effect from 5 May 2025:

  • to amend the Product Specific Supplement (PSS) ”Fixed Income 20 – EURO Credit Index Futures” as outlined in Attachment 3.

Production start: 5 May 2025

2. Required action 

There is no action required for participation.  

3. Details of the initiative

Bloomberg Index Services Limited (BISL) opened a consultation to solicit feedback on the proposed changes relating to the use of ESG- and sustainability-related terms in index names.

The UK Sustainability Disclosure Requirements (SDR) and European Securities and Market Authority’s (ESMA) Guidelines on fund names using ESG- or sustainability-related terms (ESMA Guidelines) set certain restrictions on the use of ESG- and sustainability-related terms in fund names.

Although the SDR and the ESMA guidelines focus solely on fund naming, this BISL proposal is intended to  ensure consistency between the naming of indices and the funds that track them.

As a result, the Bloomberg MSCI SRI Index family will be renamed to “Bloomberg MSCI Screened Indices”. Despite the name change, the index methodology remains unchanged. Consequently, Eurex futures on Bloomberg MSCI Euro Corporate SRI Index (FECX) will be renamed to “Bloomberg MSCI Euro Corporate Screened Index Futures”, as detailed in the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (Attachments 1 and 2).

The name change has also been reflected in the Liquidity Provider Scheme related to the product “Fixed Income 20 – EURO Credit Index Futures” (Attachment 3). This change affects only the name of the contract, while all other parameters remain unchanged.

Bloomberg Fixed Income Indices – Index Announcement - Consultation Results: Proposed ESG index name changes 

Attachments:

  • 1 – Amended sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  • 2 – Amended sections of the Annexes to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  • 3 – Amended PSS “Fixed Income 20 – EURO Credit Index Futures"


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

Davide Masi, Derivatives Products & Markets, tel. +44 (0)207 862 7267, davide.masi@eurex.com

Web:

Markets > Credit Index Futures 

Authorized by:

Robbert Booij


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