|UNDERLYING ASSET||The IBEX 35 ® DIV IMPACT.|
|INDEX DESCRIPTION||The IBEX 35® DIV IMPACT is an index which reflects the accumulated amount
of the dividends, in index points, paid by the constituent companies of the IBEX
35® index during a specified period.
The contract period, for purposes of dividends declared and paid, will be one year, starting next day following the third Friday of December, and ending the next year on the third Friday of December.
|MULTIPLIER||10 Euros. The IBEX 35 Div Impact Index must be multiplied by 10 Euros in order to obtain the contract size. Therefore each index point is worth 10 Euros.|
|CONTRACT SIZE||The IBEX 35® DIV IMPACT times the Multiplier.
This means that if the IBEX 35 Div Impact Future has a price of 700 points, its corresponding price in Euros will be: 700 x 10 = 7.000 Euros.
|FUTURES PRICE QUOTATION||In whole Index points with a minimum fluctuation set according to the quotation of the underlying asset and/or the Market practice, established by Circular. The minimum fluctuation shall be different in pre-arranged trades between Members.|
|MAXIMUM PRICE FLUCTUATION||None.|
|EXPIRATIONS||The expirations available for trading, clearing and settlement will be three monthly and at least five annually expiries.|
|EXPIRATION DATE||Third Friday of the relevant December.|
|LAST TRADING DAY||The Expiration Date.|
|CONTRACT SETTLEMENT DATE||First Business Day following the Expiration Date.|
|SETTLEMENT OF COMMISSIONS||First Business Day following the date of the Transaction.|
|DAILY SETTLEMENT OF GAINS AND LOSSES||Before the start of the session of the Business Day following the date of the transaction, by means of cash transfer of the difference with the Daily Settlement Price.|
|DAILY SETTLEMENT PRICE||It shall be an approach to the market price. The regulation will be established by circular. On the Expiration day the Daily Settlement Price will be the Settlement Price.|
|MARGINS||Variable in function to the portfolio of Options and Futures (see Margin Calculation section). Margins shall be supplied before the start of the session of the Business Day following the date of the calculation.|
|AUCTION PERIOD||From 8:30 a.m. to 9:00 a.m.|
|TRADING HOURS||From 9:00 a.m. to 5:35 p.m.|