CAC40 Dividend Index Futures
Exchange contract code XFC
Contract size Contract valued at € 10 per index point (e.g. value € 1,000 at 100.00)
Unit of trading 10
Pricing unit/quotation Index points (e.g. 100.0)
Minimum price movement (tick size and value) Central Order Book: 0.1 index point (€ 1 per contract)
Large-in-Scale Facility: 0.0001 index points (€0.001 per contract)
Expiry months 3, 6, 9, 12, 15, 18, 21, 24 months quarterly (of the March, June, September, December cycle); 36, 48, 60 and 72 months yearly (of the December cycle) 
Introduction of new expiry months New expiry months are available for trading on the first business day after the expiry of a maturity.
Wholesale services Large-in-Scale Facility.
See the “LIS thresholds" document for the minimum size thresholds.
Euronext market Paris
Last trading day Trading ceases at 13:00 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.
Settlement Cash Settlement based on the EDSP
Settlement day First business day after the Last Trading Day
Exchange Delivery Settlement Price (EDSP) The settlement value of the CAC 40 Dividend Index as published at 13:00 (CET) on the third Friday of the delivery month, rounded to two decimal places.
Clearing organization LCH S.A. 
Trading hours Central Order Book: 09:00 – 18:30 CET
Large-in-Scale Facility: 07:15 – 18:30 CET
Trading platform Optiq
Algorithm Central order book applies a price-time trading algorithm with priority given to the first order at the best price.
Last update 21 April 2020
Euronext indices calculates and distributes the CAC40® Dividend Index.

The CAC40® Dividend Index measures the cumulative value of ordinary gross dividends declared by the index constituents of the CAC40 Index®. The value of the dividend index is expressed in terms of index points.

The CAC40® Dividend Index is designed to serve as an underlying for futures contracts, providing investors with an additional tool to effectively manage the risk inherent in the dividends distributed by the index constituents.

The rules of the CAC40 Index® and the CAC40® Dividend Index are published on Rules indices [[link to:]].
  In the United States these products may only be offered and sold to prescribed entities under specified conditions.
Related documentation
Related documentation