Eurex launches futures and options on SLI Swiss Leader Index

Frankfurt/Main - 18 September 2007

New contracts to be launched on 22 October

No trading and clearing fees for the new contracts until the end of the year

The international derivatives exchange Eurex is expanding its offering of Swiss underlying products to include futures and options on the SLI Swiss Leader Index®. The new products will be launched on 22 October. The SLI® index includes the 30 most liquid and largest stocks on the Swiss stock market and has been calculated by SWX Swiss Exchange as an addition to the SMI® bluechip index since 2 July 2007. The SLI® index offers international investors a basis that meets regulatory requirements, and the desired diversification for the Swiss market.

Eurex expects demand for derivatives on the SLI® index to come from both Swiss and international participants. The new index product, unlike the SMI® is UCITS-compliant and meets the CFTC’s criteria for a “broad” index.

The new futures contract has similar specifications to the current SMI® future. One index point corresponds to a value of CHF 10, there are four expiration dates a year, and settlement is made in cash. The tick size of the SLI® Index future is CHF 5, as opposed to CHF 10 for the SMI® future.

At CHF 13,500, the contract size is far smaller than for the SMI contract, which has a contract size of CHF 87,000. This also makes the product more attractive for retail investors.

Options on the SLI® index will have a contract size of CHF 10 per index point. The minimum tick size is 0.1 index points, or a value of CHF 1 and the options will have a maximum maturity of 60 months.

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