- Rule Number
1234
- Contract Symbol
iTraxx Europe Senior Financials Option
- Currency
EUR
- Min Notional
Order Book: 25,000,000
All other execution methods: As agreed by counterparties
- Max Notional
Order Book: 500,000,000
All other execution methods: As agreed by counterparties
- Min Notional Increment
Order Book: 25,000,000
All other execution methods: As agreed by counterparties
- Contract Series
Any calendar month beginning with January through December, with up
to 24 contracts listed at any given time.
- Price Quotation
Cents
- Minimum Price Fluctuation
The price quotation convention shall be .25 cents; minimum price
fluctuation may vary by trade type.
- Listing Cycle
Tenors of 1 through 10 Years based on liquidity
- Series
All Series, initiated with series 1 based on liquidity
- Roll Date
September 20 (or the Business Day immediately thereafter) and March
20 (or the Business Day immediately thereafter) of each calendar
year
- First Trading Day
Date of contract listing
- Last Trading Day
20th calendar day of the Contract Month, of first New York business
day thereafter if the 20th Calendar day is not a business day
- Position Limit
None
- Daily Price Limit
None
- Off Exchange Trade Types
No
- NCR and RL
Variable by contract type and price. See Error Trade Policy for
more details.
- Option Style
European
- Exercise Procedure
Manual
Manual exercise or abandon
Exercise Day is the Last Trade Date
- Strike Price Listing
A minimum of 1 Strike Price in increments of $0.01 above and below
the at-the-money Strike Price. Price boundaries are adjusted
according to the price of the underlying swap.
- MIC Code
- ICES
- Clearing Venues
- Bilateral