Italian Government Bond (BTP) Futures Contract

Unit of Trading: ITL 200,000,000 nominal value notional Italian Government Bond with 12% coupon

Delivery Months: March, June, September, December

Delivery Day: Tenth calendar day of delivery month (if such day is not a working day for the Stanza di Compensazione Titoli in Italy, Delivery Day wilt be the next following working day for the Stanza di Compensazione Titoli in Italy)

Last Trading Day: 12.30 Italian time Four Stanza di Compensazione Titoli working days prior to the Delivery Day

Quotation: Per ITL 100 nominal value

Min. Price Fluct.: ITL 0.01

Tick size & value: ITL 20, 000

Trading Hours : 08.00 - 16.10

APT Trading Hours : 16.21 - 17.58

ATP - Automated Pit Trading LIFFE's electronic trading system.