Stock dividend futures
Characteristic |
Description |
Underlying |
The gross ordinary dividends paid in the relevant calendar year by shares listed in the European regulated markets |
Trading hours |
- Opening Auction: 7.30 - 9.01 (9.01.00 - 9.01.30) - Continuous Trading: 9.01 - 17.30 - Large-in-Scale Trade Facility (LiS): 7.30 - 18.30 |
Settlement |
Cash settled |
Quotation |
Euro |
Tick size (in €) |
- On-book trading: 0.0001 |
Multiplier |
Depending on the underlying (Minimum lots table) |
Contract size |
Future price x Multiplier |
Contract months |
The 2 semiannual expiries of the June cycle (for those underlyings included in the Borsa Italiana's Market notice) and the 5 nearest successive annual contracts month’s expiry of the December cycle |
Expiry day |
The third Friday of the expiry month at 9.05. If the Exchange is closed that day, the contract expires on the first trading day preceding that day |
Last trading day |
Expiry day |
Daily settlement price |
Computed according to Euronext Derivatives Trading Procedures paragraph 2.2 and 2.3 |
Settlement day |
The first open Euronext Clearing calendar day following the expiry day |
Final settlement price |
Cumulative value of the gross ordinary dividends paid by the underlying share in the current calendar year |
Strategies |
Preconfigured strategies |