The STRIPS order book of the Telematico system
offers the possibility to trade STRIPS on the same platform as
the normal cash bonds.
The STRIPS benefits from the same quoting functionality
as the cash market
Coupon STRIPS - quoted and traded in lots
equal to € 10,000 per lot.
- Proposals can be made for a minimum quantity
of 10 lots and multiples thereof.
- The minimum order quantity is for one lot.
Principal STRIPS - quoted and traded in
lots equal to € 500,000 per lot.
STRIPS benefit from the full straight-through
processing capabilities of Telematico and the settlement
is automated.
The Telematico system offers the possibility to
quote STRIPS in yield, or in price
Currently STRIPS are available for French government bonds
on MTS France. More additions are planned in the
near future. |
