Parameter Description. Contract Underlying Norwegian Companies listed on Oslo Børs and listed in the Turquoise Derivatives – Product List on the Turquoise Website. Type of Contract 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. 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 - NOK ∞ 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 on the Turquoise Website 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.
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Parameter Description. Contract Underlying Norwegian Companies listed on Oslo Børs and listed in the Turquoise Derivatives – Product List on the Turquoise Website. Type of Contract American Style, Physically settled Call and Put Option ContractsFuture 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. 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 Future Price in NOK. NOK 0.0 - NOK 0.10 9.99 NOK 0.01 NOK 1 NOK 0.1 10.0 - NOK 3.95 49.95 NOK 0.05 NOK 5 NOK 4.0 50.0 - NOK 7.90 149.90 NOK 0.10 NOK 10 NOK 8.0 150.0 - NOK 999.75 NOK 0.25 NOK 25 NOK 1000.0 - NOK ∞ NOK 0.25 0.50 NOK 25 50 Settlement style Physical Settlement. Option style American StyleSettlement 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 option 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 on the Turquoise Website shows all Stocks and their corresponding Group. End 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 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 surfacecash movements of Daily Settlement Amounts.
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