Physically settled Future Contracts with Daily Cash Settlement.
Central Counterparty
LCH.Clearnet.
Trading Hours
08:00 - 15:20 London time for Orderbook trading.
07:30 - 17:30 London time for Trade Reporting.
Multiplier
100 Shares.
This may change in specific cases in accordance with the Recalculation Rules.
Currency
NOK, Norwegian Kroner.
Quotation display
Future Price in NOK.
Tick Size and Tick Value
Premium
Tick Size
Tick Value
NOK 0.0 - NOK 9.99
NOK 0.01
NOK 1
NOK 10.0 - NOK 49.95
NOK 0.05
NOK 5
NOK 50.0 - NOK 149.90
NOK 0.10
NOK 10
NOK 150.0 - NOK 999.75
NOK 0.25
NOK 25
NOK 1000.0 - infinity
NOK 0.50
NOK 50
Settlement style
Physical Settlement by Delivery of the Underlying Stock on Expiration with
Daily Cash Settlement throughout the lifetime of the Contract.
Listing Day
The Monday preceding the Expiration Day each month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Expiration Day
The third Thursday in the Expiration Month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Contract lifetimes and Expiration Months
Group One - Expiration every month
Every month new future contracts are listed;
3 months: January, February, April, May, July, August, October and November.
12 months: March and September lifetime.
* For STL June and December series have a lifetime of 24 months.
Group Two - Expiration every third month
Out to 9 months: March, June, September and December.
* MHG and SDRL have a term of 6 months only.
The Product List shows all Stocks and their corresponding Group.
Daily Settlement Price
The official closing price of the Underlying Stock on Oslo Børs each day adjusted for Fair Value.
Daily Cash Settlement
One Bank Day after the Trade Day/ calculation of Daily Settlement Price for cash movements of
Daily Settlement Amounts.
Expiration Settlement Price
The official closing price of the Underlying Stock on Oslo Børs on Expiration Day.
Expiration Settlement
Three Bank Days after Expiration for Physical Delivery of Stock against payment of
Expiration Settlement Amount.
Norwegian Stock Options
Contract Underlying
Norwegian Companies listed on Oslo Børs and listed in
the
American Style, Physically settled Call and Put Option Contracts.
Central Counterparty
LCH.Clearnet.
Trading Hours
08:00 - 15:20 London time for Orderbook trading.
07:30 - 17:30 London time for Trade Reporting.
Exercise Window
07:30 - 18:00 London time on any Trading Day except Expiration Day.
18:10 - 18:40 London time on Expiration Day.
Multiplier
100 Shares.
This may change in specific cases in accordance with the Recalculation Rules.
Currency
NOK, Norwegian Kroner.
Quotation display
Option Premium in NOK.
Tick Size and Tick Value
Premium
Tick Size
Tick Value
NOK 0.0 - NOK 0.10
NOK 0.01
NOK 1
NOK 0.1 - NOK 3.95
NOK 0.05
NOK 5
NOK 4.0 - NOK 7.90
NOK 0.10
NOK 10
NOK 8.0 - infinity
NOK 0.25
NOK 25
Settlement style
Physical Settlement.
Option style
American Style.
Listing Day
The Monday preceding the Expiration Day each month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Expiration Day
The third Thursday in the Expiration Month.
Where this is not a normal Trading Day, the preceding Trading Day shall be used.
Contract lifetimes and Expiration Months
Group One - Expiration every month
Every month new option contracts are listed;
3 months: January, February, April, May, July, August, October and November.
12 months: March and September lifetime.
* For STL June and December series have a lifetime of 24 months.
Group Two - Expiration every third month
Out to 9 months: March, June, September and December.
* MHG and SDRL have a term of 6 months only.
The Product List shows all Stocks and their corresponding Group.
End of Day Price
Used for margining purposes, based on the volatility surface, itself dependent on; quotes per series,
Underlying spot price, applicable interest rate, dividend amount (if applicable),
ex-dividend date (if applicable), the second order interpolation and the arbitrage free surface.
Exercise Settlement Price
The official closing price of the Underlying Stock on Oslo Børs each Trading Day including Expiration Day.
Exercise Settlement
Three Bank Days after Exercise for Physical Delivery of Stock against payment of Exercise Settlement Amount.
