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FTSE EPRA/NAREIT EUROPE INDEX FUTURE
 


Codes and classification
Mnemo EPR Market NYSE Liffe Paris Vol. 1 19/11/09
    Currency € O.I. 7,587
 FTSE EPRA/NAREIT Europe Index Future
Unit of trading Contract valued at €10 per index point (e.g. value €30,115 at 3011.5)
Delivery months Nearest three of March, June, September, December1
Quotation Index points eg 3,011.5
Minimum price movement
(tick size and value)		 0.5 / €5
Last trading day 17h45 Paris time on the third Friday of the expiry month. In the event of the third Friday not being a business day, the Last Trading Day shall normally be the last business day preceding the third Friday.
Delivery day First business day after the Last Trading Day
Trading hours 08.00 - 18.15 Paris time
18.15 - 20.002 Paris time
Related documentation
FTSE EPRA NAREIT Europe Index Future Contract
Last update 01/10/07
Trading platform:
  • LIFFE CONNECT® Trading Host for Futures and Options
  • Algorithm: Central order book applies a price-time trading algorithm with priority give to the first order at the best price.
  • Wholesale Services: Basis Trading, cross trades and block trades
The Exchange Delivery Settlement Price (EDSP): The closing price of the FTSE EPRA/NAREIT Europe Index calculated by FTSE Group on the third Friday of the expiry month (rounded to one decimal).

Contract Standard: There is no physical delivery; expiry gives rise to cash payment of the final margin call. Settlement takes place on the first trading day after the expiry date.

Clearing: LCH.Clearnet S.A.

1 New expiry months are opened on the first trading day after a maturity expires.
2 A client who does not wish his order to be executed in the evening session must expressly stipulate this condition when placing the order with the intermediary.