Key Information Documents (KIDs)
As required by the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation, that will enter into force on 1 January 2018, Borsa Italiana is producing and distributing key information documents (KIDs) for derivatives contracts traded on its derivatives market IDEM.
The PRIIPs Regulation aims to encourage the development of efficient EU financial markets by helping investors to better understand and compare the key features, risk, rewards and costs of different PRIIPs, through the access to a short and consumer-friendly Key Information Document (KID). The PRIIPS Regulation applies to persons who: i) manufacture PRIIPs (the ‘manufacturers’), or ii) advise on or sell PRIIPs (the ‘distributors’).
The publication of KIDs by Borsa Italiana – that is considered, by the PRIIPs regulation, as the ‘manufacturer’ of IDEM contracts – complements obligations for market participants that offer trading services related to IDEM contracts to retails investors (the ‘distributors’), defined by the Rules of the Markets Organised and Managed by Borsa Italiana.
Additional information is available in the box "Exchange Notices".
KIDs for derivatives contracts traded on the IDEM market
| Key Information Document | KID language |
Futures on FTSE MIB index (FIB) |
|
Mini-futures on FTSE MIB index (miniFIB) |
|
Micro-futures on FTSE MIB index (microFIB) |
|
Futures on FTSE Italia PIR PMI Total Return index |
|
Futures on FTSE MIB Dividend index |
|
Call options on FTSE MIB index (MIBO) |
|
Put options on FTSE MIB index (MIBO) |
|
Stock futures |
|
Dividend stock futures |
|
Call stock options |
|
Put stock options |
|
Power futures (Italian power, baseload) |
|
Power futures (Italian power, peakload) |
|
Durum wheat futures |
