The OMXS30™ index is OMX Nordic Exchange Stockholm's tradable index and consists of the 30 largest capitalized Swedish shares. This means that OMXS30™ index futures are an excellent instrument for reducing risk exposure or increasing yields over the Swedish stock market.
The following is a brief description of futures on OMXS30™ index. For a detailed contract specification, please consult chapter four in the Rules and Regulations for OMX Derivatives Markets, which is available here on the website.
Download a printer friendly product description here: Futures on OMXS30
Facts
Type of contract:
Futures contract with daily cash settlement.
Contract base:
The Swedish OMXS30™ share index.
Index provider:
OMX Nordic Exchange Stockholm
Contract size:
Index value * SEK 100.
Series term:
Contracts with terms of three, six and thirty-six months are listed in accordance with what is stated in the quotation list.
Series designation:
Indicate the designation for the contract base, expiration year and expiration month.
Futures price:
Agreed upon by the parties. Shall be expressed in Swedish Kronor and cover the price for one one-hundredth of a contract. Re-calculation of the futures price may occur in certain cases (see Re-calculation).
Expiration day:
The third or forth Friday (info) in the expiration month of the expiration year, or if this day is not a Swedish bank day or is declared to be a half trading day, the previous bank day.
Last trading day:
The expiration day at the close of the electronic trading system for the series in question.
Daily cash settlement:
Daily cash settlement is paying or receiving a settlement amount on a daily basis. The settlement amount is the difference between previous day's futures closing price and current day's futures closing price. The settlement day for the cash settlement is the Swedish bank day following the mark-to-market day.
Final settlement:
The final settlement is the difference between the previous day's future closing price and a volume weighted average price of the OMXS30™ index on the expiration day. Payment of settlement occurs on the first Swedish bank day following the expiration day.
Setting-off:
Setting-off may occur any time during the term.
Listing of new expiration month:
A new expiration month is listed four Swedish bank days prior to expiration of previous futures series.
Re-calculation:
In the event of a planned index change other than that which is set forth in the terms for the index (deflation of the index or other similar event), a re-calculation of the futures price may occur with regards to the planned index change.
All information provided herein shall be deemed to be general information and under no circumstances constitute any recommendation regarding investments. The reader shall be personally liable for risks associated with any investment based on the information provided in this document. Notwithstanding that the accuracy of the information provided herein has been verified, NASDAQ OMX, or any other subsidiary of NASDAQ OMX, assumes no liability with respect to the accuracy or use of such information. Trading in options and other derivatives instruments may involve risks, advice therefore with your bank or broker before executing a trade. For current rules for trading and clearing of options and futures please see Rules and Regulations for OMX Derivatives Markets.
