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OMXS30 Dividend Futures

Hedge and trade dividends on exchange with the benefits of CCP clearing

With the introduction of OMXS30 Dividend Futures, it’s now possible to trade listed cash-settled index futures on the OMX Stockholm 30 Dividend Point Index (OMXS30DVP). The underlying index is calculated, in dividend points, as the running total of ordinary dividends paid by the constituents of the OMX Stockholm 30 Index and is reset to zero once a year after the expiration of the nearest OMXS30 Dividend Futures contract.

 

OMXS30 Dividend Futures will be introduced on November 17, 2014. For further information, please refer to the following Exchange and IT Notices:

 

Facts on OMXS30 Dividend Futures
   

Type of contract

Listed futures contract with daily cash settlement

Underlying

OMX Stockholm 30 Dividend Point Index (ISIN SE0004270494)

Price quotation

Index points with two decimal places

Contract value

SEK 100 per index dividend point

Min price change

0.01 points = value SEK 1.00

Final settlement

Cash settlement, payable on the first bank day following the expiration day.

Final settlement price

Official end-of-day value of the underlying index on the expiration day.

Daily settlement price

Determined at the close of trading based on the last paid, bid and offer prices for the relevant futures contract.

Last trading & expiration day

Third Friday in December if this is a Swedish bank day and not a half trading day, otherwise the previous bank day.

Maturities

Listed up to 36 months so that the three nearest years are always available for trading.

Dividend period

From but excluding the expiration day of the preceding contract, to and including the expiration day of the relevant contract.

Series designation

Each tradable series shall be designated by the designation for the contract base, expiration year and expiration month, where

  • contract base is designated “OMXDIV”;
  • expiration year is designated by the final number of the year in which the series expires; and
  • expiration month is designated by the letter “L” for the month of December.

Trading hours (CET)

  • Order book: 09:00 – 17:25
  • Off-book trade registration: 09:00 – 19:00

Margin model

OMS II (Equity Derivatives)

Exchange

Nasdaq Stockholm AB

Clearinghouse

Nasdaq Clearing AB

Vendor codes

(Underlying / Futures)

Bloomberg

OMX30DVP Index /  OXD

Thomson Reuters

OMXS30DVP / 0#OMXDIV:

 

For more info on the OMXS30DVP index, please see https://indexes.nasdaqomx.com/Index/Overview/OMXS30DVP

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