|FTSE EPRA/NAREIT Developed Europe Index Futures|
|Exchange contract code||EPR|
|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||Index points (e.g. 4,100.0)|
|Minimum price movement (tick size and value)||Central Order Book: 0.5 index point (€ 5 per contract)
Large-in-Scale Facility : 0.0001 index points (€ 0.001 per contract)
|Expiry months||3, 6 and 9 months quarterly (of the March, June, September, 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.
|Last trading day||Trading ceases at 17:45 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)||Closing price of the FTSE EPRA/NAREIT Developed Europe Index, calculated by FTSE Group on the Last Trading Day (rounded to one decimal place).|
|Clearing organization||LCH S.A.|
|Trading hours||Central Order Book: 08:00 – 20:00 CET
Large-in-Scale Facility: 07:15 - 20:00 CET
- Day session: 07:15 - 18:30: all trades will be cleared on the same day (T)
- Evening session: 18:30 - 20:00: all trades will be cleared on the following business day (T+1)
|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|
 Please refer to Paris Notice No. 2011–24 issued on 9 September 2011 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances.
 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.|