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CAC 40 INDEX OPTION (PXL)
 


Codes en classificatie
Mnemo PXL Market NYSE Liffe Paris Vol. 0 19/11/09
exercise type European Valuta € O.I. 27,500
Underlying CAC 40 ISIN FR0003500008 Market Euronext Paris
Valuta € Laatst 3,799.84  19/11/09 14:57 Last change % -0.74
 CAC 40® INDEX OPTIONS CONTRACT (PXL)
Handelseenheid Contract valued at €1 per index point (eg €3,600 at 3600.0)
Expiratiemaanden Nearest three of March/June/September/December plus such additional months that the nearest three calendar months are available for trading, plus eight half-yearly maturities from the March/September cycle1,2
Noteringseenheid Index points (eg 3600.0)
Minimum prijsinterval
(waarde prijsinterval)		 0.10 / €0.1
Dag van uitoefening Exercise by 19.45 on Last Trading Day only
Laatste handelsdag 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 business day preceding the third Friday.
Settlementdag Settlement day is the first business day after the Last Trading Day
Handelstijden 09.00 - 17.30 Paris time
Related documentation
CAC40 INDEX OPTIONS - 1 EURO (PXL)
Last update 09/05/05

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 15.40 and 16.00 on the expiry day (including the first index value disseminated after 16.00).

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.

Unles 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.

1 Equity options with an expiry day after September 2004:
Index options can be traded until after their expiry date: the third Friday of the expierty month.

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

2 From December 2008 expiry onwards, eight half-yearly maturities from the June/December cycle