The Cboe Germany 40 Gross Return index (Symbol: BDE40G) aims to be comprised of the largest 40 German issuers. This is a gross return index.
Contract Multiplier
€100 (e.g. value €130,000 for an index level of 1,300.00).
Symbol(S)
DE40O
Contract Expirations
The Exchange will list for trading the following expiration months:
1, 2, 3 of the Monthly Cycle;
6, 9, 12 Months of the Quarterly Cycle; and 18, 24 Months of the Yearly Cycle
Trading Hours
Monday – Friday 08:01 – 16:30 All times referenced are London time.
Minimum Price Intervals
Premium based tick sizes €0.01 / €0.05 / €0.10
Block Trades
The minimum Block Trade quantity for Cboe Germany 40 Index Options is 500 contracts. For options strategies each leg is required to have a minimum quantity of 500 contracts.
The minimum price increment for a Block Trade in Cboe Germany 40 Index Options is 0.01 index points (€1 per contract).
Deferred Publication
Block trades at or above 5,000 contracts are eligible for intraday deferred publication.
Daily Settlement Price
Index Options Daily Settlement Prices will be calculated by Cboe using the Black 76 options pricing model.
Termination Of Trading
Trading hours for Cboe Germany 40 Index Options end at 12:00 London local time on the final settlement date
Option Exercise Style
European Style – Cboe Germany 40 Index Options may be exercised only on the final settlement date.
Final Settlement Date
The final settlement date for a Cboe Germany 40 Index Option 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 Germany 40 Index Options 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: 11:50 London local time
End: 12:00 London local time
Delivery
Settlement of Cboe Germany 40 Index Option contracts will result in the delivery of a cash settlement amount based on the final settlement value.