Borsa Italiana uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

 
Italiano

FTSE MIB Dividend Futures


Characteristics

Description

Underlying

FTSE MIB Dividend

Trading hours

9.00 am - 5.40 pm

Quotations

Futures contracts on the FTSE MIB Dividend index are quoted in index points.

Value of an index point (multiplier of the contract)

Each index point has a value of 5 €.

Contract value

The value of the contract is determined by the product of the futures price and the value of the contract multiplier.
Example: if the price of a futures on the FTSE MIB Dividend index is equal to 800 index points, the contract value is 800 x 5 € = 4,000 €.

Tick

1 index point (5 €).

Expirations

the 5 nearest successive annual months expiry of December. New futures are quoted on the first trading day following expiration.

Expiration day

The contract expires on the third Friday of the expiration month at 9.05 am. If the Exchange is closed that day, the contract expires on the first trading day preceding that day.

Last trading day

Trading in any contract closes on expiry of that contract (9.05am on expiration day).

Daily closing price

Determined on the basis of the quantity-weighted-average contract prices or the best bid/ask quotations observed on the market during a significant trading period.

Settlement Price

Cumulative total of the relevant gross dividends paid by the individual constituents of the underlying index, calculated in index points on the day of the maturity of the related contract.

Settlement

Settlement is paid in cash only. It is the difference between the exercise price and the reference price of the index on the first trading day after the contract begins, taking into account the number of contracts exercised and the value of the multiplier. Settlement is made through the clearing and settlement organisation Cassa di Compensazione e Garanzia.

Limit on number of positions open or exercised

None.

Margins

Margin table

Give-up

Available.

Last update:  December 17 2010 - 17:14


The Exchange accepts no responsability for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.