Euronext.com/ ../ Products/ Stock options/ Product information
Product information
Contract specifications
Quote vendor codes
Margin requirements
SPAN®
 

 Belgian Stock Options
Contract size option normally equals rights over 100 underlying shares
Expiry months 1, 2, 3, 6, 9, 12 months series in the March, June, September, December cycle1
Quotation Euros per share
Minimum price movement
(tick size and value)		 €0.01 (€1)
Exercise day Exercise by 19.15 Brussels time on any business day, extended to 19.45 on the Last Trading Day
Last trading day Trading ceases at 17.30 Brussels 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.
Settlement Three business days after the Exercise Day / Last Trading Day
Trading hours 09.01 - 17.30 Brussels time
Related documentation
Stock Options on Belgian Shares
Last update 03/03/08

Market: Brussels

Trading Platform:

  • LIFFE CONNECT®
  • 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, Bclear (cleared via London market under separate Exchange contract code)

Contract Standard: Delivery will be 100 shares (or other such number of shares as determined by the terms of the contract).

Exercise Price Intervals: The interval between the exercise prices is set according to a fixed scale determined by the Exchange.

Introduction of new exercise prices: Additional exercise prices will be introduced after the underlying share price level has exceeded the second highest, or fallen below the second lowest, available exercise price.

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

Clearing: LCH.Clearnet SA

1 - Belgacom, Delhaize and Total also have long-term options i.e. 18 months option series always June, December, and 24, 36 months option series always December

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