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Description

The FTSE 100 Declared Dividend Index Futures are cash settled upon expiration.

The FTSE 100 Declared Dividend Index represents the cumulative value of ordinary declared cash dividends announced and paid by the individual constituents of the underlying FTSE 100 Index, calculated in terms of index points. No adjustment for withholding taxes will be made.

Market Specifications

Trading Screen Product Name

FTSE 100 Declared Dividend - Stnd Index Future

Trading Screen Hub Name

ICEU

Contract Symbol

YZ

Unit of Trading

Contract Valued at £10 per index point (e.g. value £2,400 at 240.0)

Delivery Month

Only the December 2022 and December 2023 delivery months

Settlement Date

The Market day following the day on which the EDSP is published

Quotation

Index points (eg 240.0)

Minimum price movement (tick size and value)

0.1 (£1.00)

Last Trading Day

Business day immediately preceding the third Friday in the delivery month.

Trading in the expiring contract ceases at 16:30 (London time) on Last Trading Day.

Exchange Delivery Settlement Price

The EDSP is the official closing value of the FTSE 100 Declared Dividend Index on the third Friday of the delivery month.

Algorithm

Price-time trading algorithm with priority given to the first order at the best price.

Block Trade Minimum

500

Off Exchange Trade Types

Yes

Final Settlement

Cash settlement based on the Exchange Delivery Settlement Price.

MIC Code

IFLL

Clearing Venues

ICEU

Related Products

• FTSE 100 Index Future
• FTSE 100 Dividend - Stnd Index Future
• FTSE 250 Index Future
• FTSE 100 Total Return Future

Trading Hours

Codes