| Abbreviated name of contracts |
FXYZkrr,
where:
F - type of instrument
XYZ - currency whose rate is the underlying instrument (respectively GBP (British pound) or CHF (Swiss franc))
k - delivery month code (as determined by the Exchange Management Board)
rr - two last digits of delivery year
|
| Contract code |
Granted by the clearing entity following the ISIN standard |
| Underlying instrument |
GBP/PLN exchange rate
CHF/PLN exchange rate |
| Transaction unit (contract size) |
GBP 10,000
CHF 10,000 |
| Trading unit |
Polish zloty (PLN) (per GBP 100 or CHF 100) |
| Delivery months |
Three nearest calendar months + three subsequent months of the March quarterly cycle (March, June, September, December). |
| 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. Trading in the series of contracts which expire on that day shall end at 10:30.
In exceptional cases, the Exchange Management Board 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 where a series is first introduced to trading.
|
| 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.
Daily settlement price shall be the closing price of contracts of a series.
If no closing price is determined during a 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 is 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 best 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 the 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 |
Average exchange rate of the British pound / Swiss franc determined by the NBP at the fixing on the contract expiry date multiplied by 100. It shall be rounded off to PLN 0.01 (per GBP 100 or CHF 100). |
| Daily settlement value |
The product of the daily settlement price (per GBP 100 or CHF 100) and the contract size. |
| Final settlement value |
The product of the final settlement price (per GBP 100 or CHF 100) and the contract size. |
| Settlement date |
The first business day following the contract expiry date. |
| Publication of the daily and the final settlement price total |
Immediately following the close of trading. |
| Settlement method |
In cash in Polish zlotys. |
GBP and CHF exchange rate futures contracts
