With effect from 10 September, the international derivatives market Eurex Exchange will launch options on futures that are based on notional long-term bonds issued by the French Republic (Obligations Assimilables du Trésor – OAT) with a notional coupon of 6 per cent and a remaining maturity of 8.5 to 10.5 years. The minimum price change (tick size) is measured in points and, as with the Bund options, equals 0.01, corresponding to a tick value of 10 euros. Trading hours are from 8 a.m. to 5.15 p.m. CET.

Eurex Exchange will offer a market making programme in order to provide sufficient liquidity right from the launch. Various trading participants have already indicated their interest in market making.

The futures contract on notional long-term bonds issued by the French Republic was introduced in April 2012. The option on Euro-OAT Futures complements the existing offering of benchmark futures and options on German government bonds (Bund, Bobl and Schatz futures) as well as short, medium and long-term futures on Italian government bonds (Euro-BTP Futures), which entered the market between 2009 and 2011.

Click on the above link for more details