| Abbreviated contract name |
FXYZkrr
where:
F - type of instrument
XYZ - abbreviated name of underlying instrument (determined by the Exchange)
k - delivery month code (determined by the Exchange)
rr - two last digits of delivery year |
| Contract code |
Granted by the clearing entity following the ISIN standard. |
| Contract series |
Futures contracts representing the same standard, in particular having the same underlying instrument and the same expiry date. |
| Contract class |
A class comprises all the futures contract series that have the same underlying instrument and comply with the same standard. |
Underlying
instrument |
Stocks in exchange trading on the Exchange main market on the date of the Exchange Management Board Resolution on the introduction of stock futures contracts of the company to exchange trading. |
Number of
stocks per
contract |
100 or 1,000
Determined by the Exchange Management Board for the given class of futures contracts and disclosed to the public not later than 7 days before trading in the first series of contracts of that class commences. |
Traded
instruments a
No of shares) |
The stocks of the following companies:
BANK POLSKA KASA OPIEKI SA (100)
KGHM POLSKA MIEDZ SA (100)
AGORA SA(100) *
TELEKOMUNIKACJA POLSKA SA (100)
POLSKI KONCERN NAFTOWY ORLEN SA (100)
POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SA (100)
POLSKI KONCERN ENERGETYCZNY SA (100)**
POLSKIE GÓRNICTWO NAFTOWE I GAZOWNICTWO SA (1000) **
ASSECO POLAND SA (100) **
POWSZECHNY ZAKLAD UBEZPIECZEN SA (100) ***
|
| Contract value |
The product of the contract price and the number of stocks per contract. |
| Trading unit |
Polish zlotys (per stock). |
| Delivery months |
Three nearest of the March, June, September and December cycle. |
| Last trading day |
The third Friday of the delivery month. If this date is not a trading day, then the last trading day before the third Friday of the delivery month. In exceptional cases, the Exchange may set the last trading day to fall on a different date, but must disclose such information to the public at least 4 weeks in advance. |
| Expiry date |
The date on which the final settlement price is determined. The same date as the last trading day. |
| First trading day of a new series |
The first trading day following expiry of the previous contract. Set out by the Exchange Management Board for the first series of a class. |
| Daily settlement price |
Daily settlement price is determined after each session starting from the date on which the first transaction of a contract series was made, exclusive of the expiry date. The closing price for contracts of a series will be deemed the daily settlement price. If the closing price was not determined during the session, the last settlement price will be deemed the daily settlement price. However, if the order book at closing contains at least one order with a limit price better (i.e. higher for buy and lower for sell orders) than the settlement price arrived at as per the above and such order has been entered at least 5 minutes before the close of trading, the limit price of the best of such orders will be deemed the settlement price. For buy orders, this is the highest limit price of a buy order above the price arrived at as per the above. In contrast, for sell orders it is the lowest limit price of a sell order below the price arrived at as per the above. If the limit in the aforementioned order is higher than the upper price variation limit or lower than the bottom price variation limit as applicable at closing, then the upper or, as appropriate, bottom price variation limit as applicable at closing will be deemed the daily settlement price. In exceptional cases, the Exchange may, in consultation with the NDS, set a settlement price other than that set as per the above.
|
| Final settlement price |
Final settlement price is determined on the expiry date as the volume-weighted arithmetic average of all transactions in the underlying stocks at a session, as per the quotation systems. |
| Daily settlement value |
The product of the daily settlement price and the number of stocks per contract. |
| Final settlement value |
The product of the final settlement price and the number of stocks per contract. |
| Settlement date |
The first business day following the contract expiry date (the last trading day). |
| Publication of the daily and final settlement values |
Immediately following the close of trading. |
| Settlement method |
In cash in Polish zlotys. |
| Exceptional cases |
In exceptional cases the Exchange Management Board lays down rules of procedure and promptly discloses them to the public.
The Exchange Management Board lays down rules of procedure where action is taken involving the underlying stocks or rights attached to the stocks are exercised.
|
Individual stock futures 
