Securities trading - Germany

05.08.2010

Key market-tradable securities

Denomination currencyMaturity
profile
Interest
rate
Interest/Dividend
payment frequency
Place of settlementForm
Agency bonds
Deutsche Bundesbahn
EURUsually
10 years
FixedAnnualCBFDematerialised
Deutsche Bundespost
EURUsually
10 years
FixedAnnualCBFDematerialised / physical
Fonds Deutsche Einheit
EURUsually
10 years
FixedAnnualCBFPermanent global
Communal bonds
EURUsually
10 years
FixedAnnualCBFPhysical or permanent global
Corporate debt
Commercial Paper
EUR7 days to
< 2 years
Discount
to yield
-CBFPermanent global
Corporate Bonds
EURVariesVariesVariesCBFPhysical or permanent global / bearer
Mortgage Bonds (Pfandbriefe)
EUR3 to 10 yearsFixedAnnualCBFPhysical or permanent global / bearer
DEM or EUR global bonds
DEM/EURVariesVariesVariesCBFPhysical or permanent global / bearer
Foreign bonds
VariesVariesVariesVariesCBFVaries
Government bonds (Bundesanleihen)
EURUsually
10 years
FixedAnnualCBFDematerialised
Government notes
Unverzinsliche Schatzanweisungen
DEM/EUR6 months
to 2 years
Discount
to yield
-CBFDematerialised
Bundesschatzanweisungen
DEM/EUR2 to 5
years
Fixed or floatingVariesCBFDematerialised
Kassenobligationen
DEM/EURUp to 6 yearsFixedAnnualCBFDematerialised
Registered shares
EUR---CBFDematerialised / registered
Equities
EUR---CBFPhysical / bearer
Warrants
EUR---CBFPhysical / bearer

Trading platforms and markets

Xetra

Fully electronic cash market trading system

Eurex

Trading platform for futures and options:

EuroMTS

Trading platform for European government and benchmark bonds

MTS Deutschland

Trading platform for German government and benchmark bonds

MTS Italy

Trading platform for European government and benchmark bonds

LCH Clearnet

Central counterparty (CCP) for various stock exchanges