Rules shake-up for Jumbo Pfandbriefe market

The Jumbo Pfandbriefe market has taken an important step in improving liquidity with changes to market-making rules. Key changes include the increase of the minimum number of market-makers from three to five and minimum trading hours for market-making between 9am and 5pm central European time.

Previous proposals regarding the minimum tapping size of EUR125m, the maximum gap of five banking days between pricing date and settlement as well as the minimum bid/offer spreads are now mandatory.

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