|Exchange contract code||OBX|
|Contract size||Contract valued at NOK 100 per index point (e.g. value NOK 39,000 at 390.00)|
|Unit of trading||100|
|Pricing unit/quotation||NOK per index point|
|Minimum price movement (tick size and value)||Central Order Book:
If the premium of an order at order entry is below or equal to NOK 0.25, the tick size is NOK 0.01 (NOK 1 per contract); if the premium of an order at order entry is between NOK 0.25 and 4.00, the tick size is NOK 0.05 (NOK 5 per contract); if the premium of an order at order entry is between NOK 4.00 and 8.00, the tick size is NOK 0.10 (NOK 10 per contract); if the premium of an order at order entry is above NOK 8.00, the tick size is NOK 0.25 (NOK 25 per contract).
Large-in-Scale Facility: NOK 0.0001 (NOK 0.01 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 months quarterly (of the March, June, September, December cycle)|
|Introduction of new exercise prices and exercise price intervals||See the document "Series Introduction Policy OBX-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.
|Last trading day||Trading ceases at 16:20 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 until 19:45 CET on Last Trading Day only|
|Settlement||Cash Settlement based on the EDSP|
|Settlement day||The premium settlement date is the first trading day after the Last Trading Day,provided that premium settlement is specified in the contract document.|
|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.
|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 – 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|
| 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.|
|In the United States this product may only be offered and sold to prescribed entities under specified conditions|