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Contract Specifications
| Contract | Product ID | Underlying |
EURO STOXX 50® Index Dividend Futures | FEXD | EURO STOXX 50® DVP |
EURO STOXX® Select Dividend 30 Index Dividend Futures | FD3D | EURO STOXX® Select Dividend 30 DVP |
EURO STOXX® Sector Index Dividend Futures | FEAD, FEBD, FEID, FEED, FETD, FEUD | EURO STOXX® Sector Index DVP |
STOXX® Europe 600 Sector Index Dividend Futures | FSAD, FSBD, FSID, FSED, FSTD, FSUD | STOXX® Europe 600 Sector Index DVP |
DAX® Price Index Dividend Futures | FDXD | DAX® Dividend Points Index |
DivDAX® Dividend Futures | FDVD | DivDAX® Dividend Points Index |
SMI® Dividend Futures | FSMD | SMI® Dividend Points Index |
MSCI EM Index Dividend Futures | FEFD | MSCI Emerging Markets Dividend Points Index |
MSCI EAFE Index Dividend Futures | FFPD | MSCI EAFE Dividend Points Index |
MSCI World Index Dividend Futures | FWPD | MSCI World Dividend Points Index |
FTSE 100 Declared Dividend Index Futures | FTDD | FTSE 100 Declared Dividend Index |
Contract values, price quotation and minimum price change
| Contract | Contract value | Minimum price change | |
| Points | Value | ||
EURO STOXX 50® Index Dividend Futures | EUR 100 | 0.1 | EUR 10 |
EURO STOXX® Select Dividend 30 Index Dividend Futures | EUR 100 | 0.1 | EUR 10 |
EURO STOXX® Sector Index Dividend Futures | EUR 500 | 0.01 | EUR 5 |
STOXX® Europe 600 Sector Index Dividend Futures | EUR 500 | 0.01 | EUR 5 |
DAX® Price IndexDividend Futures | EUR 100 | 0.1 | EUR 10 |
DivDAX® Dividend Futures | EUR 1,000 | 0.01 | EUR 10 |
SMI® Dividend Futures | CHF 100 | 0.1 | CHF 10 |
MSCI EM Index Dividend Futures | USD 500 | 0.01 | USD 5 |
MSCI EAFE Index Dividend Futures | USD 100 | 0.1 | USD 10 |
MSCI World Index Dividend Futures | USD 100 | 0.1 | USD 10 |
FTSE 100 Declared Dividend Index Futures | GBP 50 | 0.1 | GBP 5 |
Settlement
Cash settlement, payable on the first exchange day following the final settlement day.
Contract months
Standard: The five nearest successive annual months 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.
FEXD & FTDD: The three nearest successive quarterly months of the March, June, September and December cycle, the next semi-annual month of the June and December cycle and the eight following annual months 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.
FEBD: The four nearest successive semi-annual months of the June and December cycle and the five following annual months 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 third Friday of each June and December 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 12:00 CET, for SMI® Dividend Futures at 9:00 CET and for MSCI Index Dividend Futures at 22:00 CET. Final settlement day is the last trading day, for MSCI Index Dividend Futures the exchange day immediately following the last trading day.
Daily settlement price
The daily settlement price 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.
Further details are available in the clearing conditions.
Final settlement price
The final settlement price is established by Eurex on the final settlement day at 12:00 CET based on the final value of the underlying index for the relevant contract period. Determining is the cumulative total of the relevant gross dividends of the constituents of the underlying index.
STOXX Ltd., Deutsche Börse AG, SIX Swiss Exchange, MSCI Inc. as well as FTSE International Ltd. shall thereby define, according to their regulations, which dividends are to be included in the calculation of the index. Furthermore, the index provider shall define the amount of the dividend to be considered, the point of consideration of the dividend payment and the conversion of the dividends in index points.
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 | 08:30 | 22:00 | 22:30 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 08:30 | 22:00 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in CHF
Last trading day for FTDD
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 GBP
No cash payment in CHF
No cash payment in CHF
No cash payment in GBP
Last trading day for FEXD, FEBD, and FTDD
No cash payment in CHF
No cash payment in GBP
Last trading day for FTDD
Last trading day for Dividend Derivatives
Eurex is closed for trading 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
Eurex is closed for trading in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees (A-accounts) | USD 2.00 per contract |
| Exchange transactions: Standard fees (M- and P-accounts) | USD 1.80 per contract |
| TES transactions / Eurex EnLight: Standard fees (A-accounts) | USD 3.00 per contract |
| TES transactions / Eurex EnLight:: Standard fees (M- and P-accounts) | USD 2.70 per contract |
| Position Closing Adjustments (A-accounts) | USD 4.00 per contract |
| Position Closing Adjustments (M- and P-accounts) | USD 3.60 per contract |
| Cash settlement (A-accounts) | USD 2.00 per contract |
| Cash settlement (M- and P-accounts) | USD 1.80 per contract |
| Position transfer with cash transfer | USD 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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