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Stock Futures Cash Settled

Characteristics	Description
Underlying and minum lots	Underlying stocks and minimum lots
Underlyings available with expiry beyond 12 months	Assicurazioni Generali, Enel, Eni, Fiat Chrysler Automobiles, Intesa SanPaolo, Telecom Italia and Unicredit ordinary shares.
Trading hours	9:00am - 6:00pm
Quotation	Stock futures contracts are quoted in Euros.
Contract value	The value of a stock futures contract shall be equal to the product of its price and the number of shares underlying the individual contract.
Tick	0,0001
Expiry	the 4 nearest quarterly maturities and the 2 nearest monthly maturities giving a total of 6 maturities, if the underlying consists of shares included in the FTSE MIB index or equivalent leading indices; the 2 nearest annual maturity of the December cycle following the current year for those underlyings announced via Avviso di Borsa Italiana.
Expiry day	Trading in the nearest maturity of stock futures admitted to trading on the MTA market shall end at 09.05 on the third Friday of the expiry month.
Last trading day	Trading in the nearest maturity shall end at 9.05am on the expiry day.
Daily closing price	The daily closing price is established by the clearing and settlement organisation Euronext Clearing.
Settlement price	The settlement price shall be the opening price of the underlying share on the expiry day.
Settlement	Cash settled on the Euronext Clearing open day following the expiry day through Euronext Clearing.
Limit on number of open positions	None.
Margins	Margin table
Give-up	Available.

Unusual Contract Size

Where contracts have been affected by recent corporate actions resulting in currently tradable contracts being of a non-standard contract size, this information can be found in the document on this page.

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