FTSE 100 Dividend Index - RDSA Withholding Future

Description

The FTSE 100 Dividend Index - RDSA Withholding Futures are cash settled upon expiration.

The FTSE 100 Dividend Index RDSA Withholding represents the cumulative value of ordinary cash dividends paid by the individual constituents of the underlying FTSE 100 Index, calculated on the ex dividend (xd) date and expressed in terms of index points. All dividends are as declared by companies and no withholding tax adjustments are made with the exception of dividends paid by Royal Dutch Shell A shares from which a 15% withholding tax is deducted.

Market Specifications

Trading Screen Product Name

FTSE 100 Dividend (RDSA Withholding) - Stnd Index Future

Trading Screen Hub Name

ICEU

Contract Symbol

XZ

Unit of Trading

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

Delivery Months

Seven annual expiries in the December cycle

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 Dividend Index - RDSA Withholding 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