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NO25F Product Specification
Cboe Norway 25 Index Futures
- Contract Name
- Cboe Norway 25 Index Futures (NO25F)
- Listing Date
- 27 April, 2022
- Underlying
- The Cboe Norway 25 index (Symbol: BNO25G) aims to be comprised of the largest 25 Norwegian issuers. This is a gross return index.
- Contract Multiplier
- NOK 1,000 (e.g. value NOK 108,000 for an index level of 108.00)
- Symbol(S)
- NO25F
- Contract Expirations
-
The Exchange will list for trading the following expiration months:
1, 2, 3 of the Monthly Cycle;
6 Month of the Quarterly Cycle
- Trading Hours
-
Monday – Friday
08:01 – 15:20
All times referenced are London time.
- Trading Platform
- CEDX
- Minimum Price Intervals
- 0.005 index points (NOK 5)
- Block Trades
-
The minimum Block Trade quantity for Cboe Norway 25 Index Futures is 15 contracts. For calendar spreads each leg is required to have a minimum quantity of 15 contracts.
The minimum price increment for a Block Trade in Cboe Norway 25 Index Futures is 0.001 index points (NOK 1).
- Daily Settlement Price
- Index Futures Daily Settlement Prices will be calculated using the volume weighted average prices for the index futures product concerned taken over a two minute period that starts at 15:18:00 London time.
- Termination Of Trading
- Trading hours for Cboe Norway 25 Index Futures end at 15:20 London time on the final settlement date.
- Final Settlement Date
-
The final settlement date for a Cboe Norway 25 Index Future contract is the third Friday of the calendar month in which the contract expires.
If that Friday that is a Cboe trading holiday, the final settlement date for the contract shall be on the business day immediately preceding that Friday.
- Final Settlement Value
-
The final settlement value calculation for Cboe Norway 25 Index Futures uses a 10 minute average of the index levels (only every 30th print is considered) during the timing window below on the settlement date:
Start: 15:10 London time
End: 15:20 London time
- Delivery
- Settlement of Cboe Norway 25 Index Future contracts will result in the delivery of a cash settlement amount based on the final settlement value.