Russia and IOB 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 RIOB options |
Contract value |
Index value x US$50 |
Maturity |
Six and 12 months |
Listing of new expiry month |
Occurs on the fourth IOB trading day prior to the expiration day in each expiry month. At least five put and call options are listed |
Tick size |
0.01 where price < US$0.1 |
0.05 where US$0.1 ≤ price <US$4.0 |
|
0.10 where US$4.0 ≤ price <US$10.0 |
|
0.25 where price ≥ US$10.0 |
|
Delivery |
Cash settlement |
Option style |
European |
Premium settlement day |
T+1 |
Expiration day |
The third Friday of the expiration month of the expiration year, or where such day is not an IOB trading day, the preceding IOB trading day |
Expiration settlement price |
The closing value for the FTSE Russia IOB index as established during the IOB’s closing auction for Russian DRs |
| FTSE RIOB futures |
Contract value |
Index value x US$50 |
Maturity |
Six and 12 months |
Listing of new expiry month |
Occurs on the fourth IOB trading day prior to the expiration day in each expiry month. |
Tick size |
US$0.25 or |
US$0.05 where traded as part of a standard combination |
|
Delivery |
Daily cash settlement |
Daily settlement price |
Normally last traded price |
Expiration day |
The third Friday of the expiration month of the expiration year, or where such day is not an IOB trading day, the preceding IOB trading day |
Expiration settlement price |
The closing value for the FTSE Russia IOB index as established during the IOB’s closing auction for Russian DRs |
| Individual DR options |
Contract size |
Normally 100 DRs |
Maturity |
Three, six and 12 months |
Listing of new expiry month |
Occurs on the fourth IOB trading day prior to the expiration day in each expiry month. At least five put and call options are listed |
Tick size |
0.01 where price < US$0.1 |
0.05 where US$0.1 ≤ price <US$4.0 |
|
0.10 where US$4.0 ≤ price <US$10.0 |
|
0.25 where price ≥ US$10.0 |
|
Delivery |
Physical |
Option style |
European puts and calls |
Premium settlement day |
T+1 |
Expiration day |
The third Friday of the expiration month of the expiration year, or where such day is not an IOB trading day, the preceding IOB trading day |
Expiration settlement price |
EDSP for the underlying DR calculated during the closing auction period on the expiration day |
| Individual DR futures |
Contract size |
Normally 100 DRs |
Maturity |
Three, six and 12 months |
Listing of new expiry month |
Occurs on the fourth IOB trading day prior to the expiration day in each expiry month |
Tick size |
US$0.10 |
Delivery |
Daily cash settlement with physical delivery of the underlying DR |
Daily settlement price |
Normally last traded price |
Expiration day |
The third Friday of the expiration month of the expiration year, or where such day is not an IOB trading day, the preceding IOB trading day |
Expiration settlement price |
EDSP for the underlying DR calculated during the closing auction period on the expiration day |