The Federation Cup 1995–96 was the second and last edition of the IIHF Federation Cup. The season started on October 6, 1995, and finished on December 29, 1995.

The tournament was won by AS Mastini Varese, who beat Metallurg Magnitogorsk in the final.

Preliminary round

Group A *

Group A Participants Alba Volán Székesfehérvár, HK Solvita Kaunas, KHK Crvena zvezda, SC Miercurea Ciuc

Group A Winner SC Miercurea Ciuc

*: Scheduled group did not take place, SC Miercurea Ciuc qualification criteria were unclear.

Group B (Jesenice, Slovenia)

Team #1ScoreTeam #2HK Acroni Jesenice 5:4 KHL Medveščak Zagreb

First stage

Group C (Riga, Latvia)

Group C Semifinals Team #1ScoreTeam #2Salavat Yulaev Ufa 12:1 SC Miercurea CiucNik's Brih Rīga 2:5 Vålerenga

Group C Third Place Team #1ScoreTeam #2Nik's Brih Rīga 8:3 SC Miercurea Ciuc

Group C Final Team #1ScoreTeam #2Salavat Yulaev Ufa 5:2 Vålerenga

Group D (Oświęcim, Poland)

Group B Semifinals Team #1ScoreTeam #2Metallurg Magnitogorsk 9:1 HK Acroni JeseniceKS Unia Oświęcim 1:4 Polymir Novopolotsk

Group D Third Place Team #1ScoreTeam #2KS Unia Oświęcim 3:8 HK Acroni Jesenice

Group D Final Team #1ScoreTeam #2Metallurg Magnitogorsk 6:1 Polymir Novopolotsk

Group E (Varese, Italy)

Group E Semifinals Team #1ScoreTeam #2ZPS Zlín 12:3 HK ATEK KievAS Mastini Varese 4:1 Chamonix HC

Group E Third Place Team #1ScoreTeam #2Chamonix HC 3:2 HK ATEK Kiev

Group E Final Team #1ScoreTeam #2AS Mastini Varese 4:3 ZPS Zlín

HK Dukla Trenčín : bye

Final stage (Trenčín, Slovakia)

Semifinals Team #1ScoreTeam #2Metallurg Magnitogorsk 2:1 Salavat Yulaev UfaHK Dukla Trenčín 1:2 AS Mastini Varese

Third place match Team #1ScoreTeam #2HK Dukla Trenčín 4:7 Salavat Yulaev Ufa

Final Team #1ScoreTeam #2AS Mastini Varese 4:3 Metallurg Magnitogorsk

References Federation Cup 1996