XETR : Part 1: Subscription rights on TUI AG on 08.01.2021

Release date: 07 Jan 2021

XETR : Part 1: Subscription rights on TUI AG on 08.01.2021

Subject to the inclusion in trading, trading of subscription rights of TUI AG at Frankfurter Wertpapierboerse (FWB, the Frankfurt Stock Exchange) will take place as of 8 January 2021.
With this circular, we inform you about the parameters that will apply for trading of the subscription rights.
Start of trading: 8 January 2021
End of trading: 22 January 2021

2. Requirements for participation
Trading Members have to make sure that the Product Assignment Group of the new instrument is assigned to their trader groups.

3. Details
The following trading parameters will apply:
Instrument name Short code ISIN CCP-eligible First trading day Last trading day
TUI AG BZR TUIB DE000TUAG109 yes 08.01.2021 22.01.2021

Trading parameters for Xetra (MIC: XETR):
Product Assignment Group Minimum order size Trading model Characteristics
GER0 1 Continuous Trading At the end of the penultimate trading day of the subscription right, all open orders will be deleted. On the last trading day, trading will end with a closing auction. It will start at 11:45 CE(S)T at the earliest with a duration of at least five minutes and subsequent trade-at-close period, if applicable. On this day, no intraday auction will take place.


Trading parameters for Boerse Frankfurt (MIC: XFRA):
Minimum order size Trading model Characteristics
0.001 Continuous Auction with Special Auction On the first trading day, trading will start with a Special Auction as of 09:00 CE(S)T. This Special Auction will take place independent from the first price determination on Xetra (MIC: XETR). From the second until the penultimate trading day, a Special Auction will take place not before 12:00 noon CE(S)T. At the end of the penultimate trading day of the subscription right, all open orders will be deleted. On the last trading day, trading will end with a Special Auction as of 12:00 noon CE(S)T. This Special Auction will take place independent from the last price determination on Xetra (MIC: XETR).

Market Status

XETR

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Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Xetra newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Xetra webpage under Technology --> T7 trading architecture --> Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.


Emergency procedures


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