|
Unit of trading |
100 |
|
Contract size |
USD 10.000 |
|
Expiry months |
1) Initial lifetime: 1, 2, and 3 months. Cycle: all months
2) Initial lifetime: 6, 9 and 12 months. Cycle: March, June, September and December
3) Initial lifetime: 2 years.
Cycle: September |
|
Quotation |
Euros per USD 100 |
Minimum price movement
(tick size and value) |
EUR 0.01 (= EUR 1 per contract) |
|
Last trading day |
Trading in expiring currency derivatives have the EuroFX rate as their settlement basis and ends at 13.00 Amsterdam time on the third Friday of the expiry month, provided this is a business day. If it is not, the previous business day will be the last day of
trading. |
|
Settlement |
EuroFX rate contracts: Cash settlement, based on the value of the Euro / US Dollar rate set by EuroFX at 13.00 Amsterdam time. For DEX, the inverse value of the EuroFX Euro / US Dollar rate is used and rounded off to four decimal places. |
|
Trading hours |
9.00 – 17.30 Amsterdam time |
|
Clearing |
LCH.Clearnet S.A. |
|
Option style |
European style.
Holders of long positions are not entitled to exercise their options before the exercise date.
|
|
Last update |
21/09/07 |
|
- Trading Platform: LIFFE CONNECT®
- Wholesale Service: Prof Trade Facility
|
