Euro-Bund Futures margin
Eurex Deutschland (Eurex), interest rate
- Tick
- €100.01 per tick
- One point
- €1,000per contract
- Initial margin
- €2,368.36exchange, as of 27 Oct 2026
- Front contract
- FGBLZ26roll by 4 Dec 2026
Margin as of How we source this
Details
| Contract month | December 2026 |
|---|---|
| How initial is set | Eurex Prisma indicative initial margin, 1-lot front month; larger of long/short |
| Source | https://www.eurex.com/resource/blob/337404/cc34eda116e0aee0b5642bf488208d53/data/IndicativePrismaMarginRequirements.xls (effective 27 Oct 2026) |
| Exchange margin page | https://www.eurex.com/ex-en/data/clearing-files/risk-parameters |
| Fetched | 27 Oct 2026 |
How exchange margin works
Margin is the deposit the clearing house requires to hold one Euro-Bund Futures (FGBL) futures contract overnight. It is a performance bond, not a payment: it secures the daily settlement of gains and losses. For the December 2026 contract, the exchange initial margin is €2,368.36 and the maintenance margin is €2,368.36. Initial margin is what you need to open a position; if your account falls below maintenance, you will be asked to bring it back up to initial.
Eurex Clearing margins positions with its Prisma model and publishes an indicative initial margin for a one-lot position, separately for long and short. There is no separate maintenance level, so we show the larger of the two as both. These are exchange minimums. Brokers set their own requirements, which are usually higher, and many offer lower intraday “day-trading” margins that apply only to positions closed before the session ends. Those broker figures are not shown here.
Clearing houses change margins whenever volatility changes, sometimes with one day's notice. This page is rebuilt daily from the clearing house's published figures; the as-of date tells you when the value was fetched, and the changes page lists every contract whose margin moved in the last seven days.
Margin for several contracts
Questions
- What is the margin for FGBL?
- As of 27 Oct 2026, exchange initial margin is €2,368.36 and maintenance margin is €2,368.36 per contract.
- Why is my broker's FGBL margin different?
- Brokers may require more than the exchange minimum shown here, and day-trading margins are set by brokers, not the exchange.
- How often does FGBL margin change?
- The clearing house reviews margins continuously and changes them when volatility moves. This page is updated daily.