Exchange contract code FCT
Underlying indices CAC 40® Index, CAC 40® Cumulative Dividend Index and CAC 40® Funding Index referring to €STR (combined as CAC 40® Synthetic Dividend Index)
Contract size Contract valued at € 10 per index point (e.g. value € 41,000 at 4,100.0)
Unit of trading 10
Pricing unit/quotation TRF spread as annualised rate expressed in basis points with one decimal (+/−/0)
Minimum TRF spread +/- 0.5 bps (1 basis point = 0.0001)
Trading modes Trade at Index Close (TAIC) with an index level based on the daily CAC 40® Index close
Trade at Market (TAM) with a custom-defined index level
Expiry months Up to 9 years and 11 months: 3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33, 36, 39, 42, 45, 48, 51, 54, 57, 60, 63 months quarterly (of the March, June, September, December cycle) and 72, 84, 96, 108 months yearly (of the December cycle)
Accrued distributions and accrued funding (index points) The distribution and funding rate payments will be accumulated from the TRF product launch and added to the TRF futures price in index points. The daily changes in distributions and funding payments are paid out via variation margin.
Time convention Actual/360
Wholesale services Large-in-Scale Facility (Minimum size 10 lots)
Euronext market Paris
Last trading day The Euronext exchange trading day immediately preceding the expiration day. The expiration day is 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 final settlement day
Exchange Delivery Settlement Price (EDSP) Price determined on expiry day and based on the following components: final settlement price of all CAC 40® Index Futures (CAC), accrued distributions and accrued funding from the product launch until the expiry date.
Clearing organization LCH S.A.
Trading hours Central Order Book (TAIC): 09:30 - 17:30 CET
Large-in-Scale Facility (TAIC & TAM):  09:30 - 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 07 October 2021
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