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Contract Specifications
Contract value
Dividend payments in relation to a contract size of 1000 shares.
Settlement
Cash settlement, payable on the first exchange day following the final settlement day.
Price quotation and minimum price change
The price quotation is in GBX with two decimal places and in EUR/CHF/USD with three decimal places respectively. The minimum price change is GBX 0.01 and EUR/CHF/USD 0.001, equivalent to a value of GBX 10 and EUR/CHF/USD 1 per contract respectively.
Contract years
For EUR- and CHF-denominated Single Stock Dividend Futures the next five following quarterly months of the March, June, September and December cycle and the five (for A2LV, A2XA, B2AS, B3AY, B2MW, D2AI, D4BK, D2PW, E2NL, E2NT, F2IA, F3IA, G3ZF, I2BE, I3ES, P2AG, S3IE, S3SD, T2OT, T3NE, V2VD and V3VD seven) nearest successive annual contracts of the December cycle (from the first exchange day after the last trading day of the calendar year up to the final settlement day of the following calendar year) are available for trading at any time.
Last trading day and final settlement day
Last trading day is the final settlement day. Final settlement day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 17:45 CET, for Single Stock Dividend Futures with Group ID US21 at 15:30 CET.
Daily settlement price
The daily settlement price for the current maturity month is derived from the volume-weighted average of the prices of all transactions during the minute before 17:30 CET (reference point), provided that more than five trades transacted within this period.
For the remaining maturity months, the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book.
Further details are available in the clearing conditions.
Final settlement price
The final settlement price is established by Eurex on the final settlement day, corresponding to the dividend for the respective company's business year. The final settlement price is determined to four decimal places.
Corporate actions
Corporate actions are treated in the same manner like Eurex Single Stock Futures in the adjustment of contract sizes and issuing of new contract series where necessary.
Block Trades
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 10 contracts
Market-Making Parameter
All quotation parameters at a glance
Mistrade Parameter
This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
Crossing Parameters
(section 2.6 Eurex Trading Conditions)
(1) Orders and Quotes relating to the same Instrument or Combined Instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.
(2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.
(3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).
(4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated.
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 08:53 | 17:45 | 19:33 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 08:53 | 17:45 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in CHF
Last trading day for EUR- and CHF-denominated Single Stock Dividend Futures
No cash payment in NOK
No cash payment in DKK
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in NOK
No cash payment in SEK
No cash payment in DKK
No cash payment in CHF
No cash payment in DKK
No cash payment in NOK
No cash payment in DKK
No cash payment in NOK
No cash payment in CHF
No cash payment in DKK
No cash payment in SEK
Last trading day for EUR- and CHF-denominated Single Stock Dividend Futures
No cash payment in SEK
No cash payment in CHF
Last trading day for EUR- and CHF-denominated Single Stock Dividend Futures
Last trading day for Dividend Derivatives
Eurex is closed for trading in all derivatives
No cash payment in SEK
No cash payment in DKK
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading in all derivatives
No cash payment in DKK
No cash payment in SEK
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees executed with a remaining term of ≥13 months to expiration (A-, M- and P-accounts) | CHF 1.60 per contract |
| Exchange transactions: Standard fees executed with a remaining term of <13 months to expiration (A-, M- and P-accounts) | CHF 0.80 per contract |
| TES transactions / Eurex EnLight: Standard fees executed with a remaining term of ≥13 months to expiration (A-, M- and P-accounts) | CHF 2.40 per contract |
| TES transactions / Eurex EnLight: Standard fees executed with a remaining term of <13 months to expiration (A-, M- and P-accounts) | CHF 1.20 per contract |
| Position Closing Adjustments | CHF 3.20 per contract |
| Cash settlement | CHF 1.60 per contract |
| Position transfer with cash transfer | CHF 13.00 per transaction |
Market Status ⓘ
XEUR
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 Eurex webpage under Support --> Emergencies and safeguards. 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.
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