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CAC 40 INDEX OPTION (PXA)
 


Codes and classification
Mnemo PXA Market NYSE Liffe Paris Vol. 12,562 19/11/09
Exercise type European Currency € O.I. 845,418
Underlying CAC 40 ISIN FR0003500008 Market Euronext Paris
Currency € Last 3,800.89  19/11/09 14:54 Last change % -0.71
 CAC 40® INDEX OPTIONS CONTRACT (PXA)
Unit of trading Contract valued at €10 per index point (eg €36,000 at 3600.0)
Expiry months Thirteen maturities, so that the nearest three calendar months are available for trading plus seven additional quarterly maturities.
Quotation Index points (eg 3600.0)
Minimum price movement
(tick size and value)		 0.10 / €1
Exercise day Exercise by 19.45 on Last Trading Day only
Last trading day 16.00 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
Settlement day Settlement day is the first business day after the Last Trading Day
Trading hours 09.00 - 17.30
Related documentation
CAC 40 Index Options
Last update 24/11/08

Trading Platform:

  • LIFFE CONNECT® Trading Host for Futures and Options
  • Algorithm: Central order book applies a price-time trading algorithm with priority given to the first order at the best price
  • Wholesale Services: Block Trading

Exchange Delivery Settlement Price (EDSP): The expiry settlement index used as a reference for automatic exercise of contracts that are in-the-money at maturity is the mean of all index values calculated and disseminated between 3.40 and 4.00pm (Paris time).

Daily Settlement Price: The daily settlement price is based on the 17.30 settlement price of the CAC 40® index future.

Contract Standard: Cash settlement based on the EDSP for expiring series.

Option premium: Payable by the buyer in full on the business day following a transaction.

Clearing: LCH.Clearnet S.A.

Unless otherwise indicated, all times are Paris times.

In the United States these products may only be offered and sold to prescribed entities under specified conditions.

New expiry months are opened on the first trading day after maturity expires.