| CAC-index® Daily Options | |
| Exchange contract code | P1, P2, P3, P4, P5, P6, P7, P8, P9, P10, P11, P12, P13, P14, P15, P16, P17, P18, P19, P20, P21, P22, P23, P24, P25, P26, P27, P28, P29, P30, P31 |
| Contract size | Contract valued at € 10 per index point (e.g. value € 60,000.00 at 6,000.00) |
| Unit of trading | 10 |
| Pricing unit/quotation | Euros per index point |
| Minimum price movement (tick size and value) | Central Order Book: € 0.10 (€ 1 per contract) Large-in-Scale Facility: € 0.0001 (€ 0.001 per contract) |
| Option style | European style Holders of long positions are only entitled to exercise their options on the expiration date. |
| Expiry months | Provided that the day is a normal business day and provided that no other monthly or weekly CAC-index option expires on that day, the option class with symbol P1 expires on the first calendar day of a month, the option class with symbol P2 expires on the second calendar day of a month, the option class with symbol P3 expires on the third calendar day of a month, etc. |
| Introduction of new exercise prices and exercise price intervals | See the document "Series Introduction Policy CAC 40 Index Options" in "Related documentation" to find the series introduction policy. |
| Introduction of new expiry months | The first day of trading of a daily option class is the first normal business day preceding the expiry day |
| 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 16:00 CET/CEST on the last trading day of the specific daily option class. |
| Exercise | Exercise until 19:15 CET/CEST 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 as the average of the CAC index values calculated and disseminated at one minute intervals between, and including, 15:40 and 16:00 CET/CEST. The EDSP value is rounded to two decimal places[3] |
| Option premium | Payable in full by the buyer on the business day following a transaction. |
| Clearing organization | LCH S.A. |
| Trading hours | Central Order Book: 09:01 – 17:30 CET/CEST Large-in-Scale Facility: 07:15 – 18:30 CET/CEST |
| 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 | 14 December 2023 |
| [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. |
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| In the United States this product may only be offered and sold to prescribed entities under specified condition. |