|Exchange contract code||OBF|
|Contract size||Contract valued at NOK 100 per index point (e.g. value NOK 85,000 at 850.00)|
|Unit of trading||100|
|Pricing unit/quotation||Index points (e.g. 850.00)|
|Minimum price movement (tick size and value)||If the premium of an order at order entry is below or equal to 100, the tick size is NOK 0.10 (NOK 10 per contract); if the premium of an order at order entry is above 100, the tick size is NOK 0.25 (NOK 25 per contract).
Large-in-Scale Facility: 0.0001 index points (NOK 0.01 per contract)
|Expiry months||1, 2, 3 monthly; 6, 9, 12 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 document for the minimum size thresholds.
|Last trading day||Trading ceases at 16:20 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 trading day after the Last Trading Day|
|Exchange Delivery Settlement Price (EDSP)||Price is calculated as a volume-weighted average price of automatically matched trades for the index stocks quoted on Oslo Børs on the expiration date. The
calculation shall be corrected for cancelled trades.
|Clearing organization||LCH S.A.|
|Trading hours||Central Order Book: 09:01 - 16:20 CET
Large-in-Scale Facility: 07:15 - 18:30 CET
|Algorithm||Central order book applies a price-time trading algorithm with priority given to the first order at the best price.|
|Last update||07 December 2020|
|In the United States these products may only be offered and sold to prescribed entities under specified conditions.|