|UNDERLYNG ASSET||Notional Government Bond with a 6% annual coupon and a maturity of 10 years.|
|CONTRACT FACE VALUE||€ 100,000|
|QUOTATION METHOD||Percentage of contract value.|
|MINIMUM PRICE FLUCTUATION||One basis point, equivalent to €10.|
|MAXIMUM PRICE FLUCTUATION||None. If necessary it will be communicated by circular.|
|PROFIT AND LOSS DAILY SETTLEMENT||Daily, in cash, by differences with Daily Settlement Price of the previous session.|
|MATURITIES||At least the three closest maturities to March, June, September and December|
|EXPIRATION DATE||10th day of the maturity month. If holiday next business day.|
|LAST TRADING AND REGISTRATION DAY||
Two business days prior to the expiration date.
|DAILY SETTLEMENT PRICE||It will be an approximation to the "market price". Criteria will be determined by circular.|
|SETTLEMENT PRICE AT EXPIRATION||
Calculated by dividing the cheapest to deliver bond market price (ex-coupon) at the end of the session by the conversion factor of the bond.
The market price of the cheapest to deliver bond will be the closing price for that bond determined by SENAF.
|SETTLEMENT AT EXPIRATION||Deliveries of the underlying asset and the corresponding payments are due on the expiration date.|
|MARGINS||Establish by circular.|
|AUCTION PERIOD||From 7:55 a.m. to 8:00 a.m.|
|TRADING HOURS||From 8:00 a.m. to 17:35 p.m.|
If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.
Note: BME will use its discretion to assign the severity of an incident