Danish derivative contract specifications
Specifications on this page should be used as a rough guide only. For full and up-to-date contract specifications please refer to the EDX London Rulebook.
| FTSE D20 Options |
| Contract value | Index value x DKK 100 |
| Maturity | Up to 9 months: 1,2 and 3 month contracts. The 3 nearest quarterly months of the Mar, June, Sep and Dec cycle. |
| Listing of new expiry month | Occurs on the 1st listing date, which is the 4th Danish trading day prior to the current month’s expiration day. At least 3 put and call options are listed. For maturities longer than 6 months, at least 2 put and call options are listed. |
| Tick size | 0.01 where price < DKK 0.1 |
| 0.05 where price ≥ DKK 0.1 - DKK 4.0 | |
| 0.25 where price ≥ DKK 4.0 | |
| Delivery | Cash settlement |
| Option style | European |
| Premium settlement day | T+1 |
| Expiration day | The 3rd Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day. |
| Expiration settlement price | VWAP of the FTSE D20 index over the expiration day. |
| FTSE D20 futures |
Contract value |
Index value x DKK 100 |
Maturity |
Up to 9 months: 1, 2 and 3 month contracts. The 3 nearest quarterly months of the Mar, June, Sep and Dec cycle. |
Listing of new expiry month |
A new expiration month is listed on the 4th Danish trading day prior to the expiration day in the current month. |
Tick size |
DKK 0.05 |
Delivery |
Daily cash settlement |
Daily settlement price |
Normally last traded price. |
Expiration day |
The 3rd Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day. |
Expiration settlement price |
VWAP of the FTSE D20 index over the expiration day. |
| Danish stock options |
| Contract size | 100 shares except for A.P. MØller-Maersk B where the contract size is one share. |
| Maturity | 9 months |
| Listing of new expiry month | Occurs on the 4th Danish trading day prior to the expiration day in each expiry month. At least 5 put and call options are listed (2 for maturities longer than 6 months) |
| Tick size | 0.01 where price < DKK 0.1 |
| 0.05 where price ≥DKK 0.1 ≤ - DKK 4.0 | |
| 0.25 where price ≥ DKK 4.0 | |
| Delivery | Physical |
| Option style | American |
| Premium settlement day | T+1 |
| Expiration day | The 3rd Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day. |
| Expiration settlement price | VWAP for the underlying Danish stock over the expiration day |
| Danish stock futures |
Contract size |
100 shares except for A.P. MØller-Maersk B where the contract size is one share. |
Maturity |
9 months |
Listing of new expiry month |
Occurs on the 4th Danish trading day prior to the expiration day in each expiry month. |
Tick size |
DKK 0.05 |
Delivery |
Daily cash settlement with physical delivery of the underlying share. |
Daily settlement price |
Normally last traded price |
Expiration day |
The 3rd Friday of the expiration month of the expiration year, or where such day is not a Danish trading day, the preceding Danish trading day. |
Expiration settlement price |
VWAP for the underlying Danish stock over the expiration day. |