10
First business day after the Last Trading Day
3 monthly, 3 quarterly (from March, June, September, December), 8 half-yearly maturities from the June/December cycle¹
Index points (e.g. 4,100.0)
Central Order Book 0.5 index points (€5 per contract), Basis Trade & Large-in-Scale Facility: 0.1 index points (€1 per contract)
Trading ceases at 16:00 CET on the third Friday of the delivery month. In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday
Price determined on the Last Trading Day. Euronext calculates the settlement index as the arithmetic mean of all index values calculated and disseminated between 15:40 and 16:00 CET, rounded to two decimal places. Such settlement index is taken, and rounded to one decimal place, to produce the closing settlement price (1)
Central Order Book: 08:00 - 22:00 CET
Large-in-Scale Facility:
07:00 – 22:00 CET
- Day session: 07:00 - 18:30: all trades will be cleared on the same day (T)
- Evening session: 18:30 - 22:00 (2): all trades will be cleared on the following business day (T+1)
Dec 2004 Onwards
UTP
Central order book applies a price-time trading algorithm with priority given to the first order at the best price
Basis Trading, Large-in-Scale Facility, AtomX.
See the “Euronext Wholesale Facilities” document for the minimum size thresholds
LCH.Clearnet S.A.
08
1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle) and 18, 24, 30, 36, 42, 48, 54, 60 months half yearly (of the June, December cycle)
Cash Settlement based on the EDSP
First business day after the Last Trading Day
Contract valued at € 10 per index point (e.g. value € 41,000 at 4100.0)
1 - Please refer to Paris Notice No. 2012–11 issued on 26 July 2012 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.
2 - A client who does not wish his order to be executed in the evening session must stipulate this condition when placing the order with the intermediary
In the United States these products may only be offered and sold to prescribed entities under specified conditions.