| Oslo Listed Stock Dividend Futures | |
| Contract size | Dividend payments in relation to a contract size of 10,000 shares |
| Unit of trading | 10,000 |
| Pricing unit/quotation | NOK per share |
| Minimum price movement (tick size and value) | Central Order Book: NOK 0.0001 (NOK 1 per contract) Large-in-Scale Facility: NOK 0.0001 (NOK 1 per contract) |
| Expiry months | 3, 6, 9, 12, 15, 18, 21, 24 months quarterly (of the March, June, September, December cycle); 30, 36, 42, 48, 54, 60 months half-yearly (of the June, 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. |
| Euronext market | Oslo |
| Last trading day | Trading ceases at 12:00 CET on the third Friday of the expiry 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 is possible until 19:15 CET on any business day, extended to 19:45 CET on third Fridays[2] |
| Settlement | Cash settlement based on the EDSP |
| Settlement day | First business day after the Last Trading Day |
| Exchange Delivery Settlement Price (EDSP) | The final settlement value as established by Euronext at 12:00 (CET) on the third Friday of the expiry month, determined to four decimal places. The final settlement value is equal to the cumulative value of ordinary dividends declared by the relevant company without an adjustment for withholding taxes, tax credits or tax repayments. Declared ordinary dividends are taken into account if their ex-date falls on or between, the start and end date of the reference period of the relevant expiry. For non-US underlyings, the reference period starts on the day following the third Friday in December and ends on the third Friday of June (the expiry date) half year later or in December (the expiry date) one year later. For US underlyings, the reference period starts on the day following the third Friday in January and ends on the third Friday in January (the expiry date) one year later. The complete dividend rules are explained in the document "Dividend rules SSDFs" in "Related documentation". |
| Clearing organization | LCH S.A. |
| Trading hours | Central Order Book: 09:00 – 16:20 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 | 25 February 2021 |