| Euronext® Eurozone Banks Index Option | |
| Exchange contract code | EBO |
| Contract size | Contract valued at € 50 per index point (e.g. value € 25,000 at 500) |
| Unit of trading | 50 |
| Pricing unit/quotation | Index points (e.g. 300) |
| Minimum price movement (tick size and value) | Central Order Book: 0.25 index point (€ 12.5 per contract) Large-in-Scale Facility: 0.01 index point (€ 0.5 per contract) |
| Option style | European style Holders of long positions are only entitled to exercise their options on the expiration date. |
| Expiry months | 1, 2, 3 monthly; 6, 9, 12, 15, 18, 21, 24 months quarterly (of the March, June, September, December cycle) and 36, 48, 60 months yearly (of the December cycle) |
| Introduction of new exercise prices and exercise price intervals | The contract follows the same series policy as AEX index options. See the document "Series Introduction Policy AEX-index Options" in "Related documentation" to find the series introduction policy. |
| 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 12:00 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. |
| Exercise | Exercise until 19:45 CET on Last Trading Day only[1] |
| Settlement | Cash Settlement based on the EDSP |
| Settlement day | First business day after the Last Trading Day |
| Exchange Delivery Settlement Price (EDSP) | Price determined on the Last Trading Day. Euronext calculates the settlement index as the arithmetic mean of all index values calculated and disseminated between 11:50 and 12:00 CET, rounded to two decimal places (0.01). Such settlement index is taken to produce the closing settlement price. |
| Option premium | Payable in full by the buyer on the business day following a transaction. |
| Clearing organization | Euronext Clearing |
| Trading hours | Central Order Book: 09:01 – 17:30 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 | 9 SEP 2024 |
| [1] On the Last Trading Day, in-the-money options are automatically exercised, unless contrary instructions are received from the client/member. Please check the exact exercise rules with your broker. [2] 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. | |
| In the United States this product may only be offered and sold to prescribed entities under specified condition. |