BTP is an acronym for Buoni del Tesoro Poliennali. Bonds issued by the Italian government with maturities of 3, 5, 7, 10, 15 and 30 years.
Euro-BTP futures are traded on the Eurex exchange. Each contract is for €100,000 of long-term euro-BTP. Futures contracts exist for the months of March, June, September and December. The deliverable product for these contracts is Italian debt securities with remaining term of 8.5 years with a 6% coupon.