Futures and Options Contracts on Oil
|
|
- Bartholomew Patterson
- 5 years ago
- Views:
Transcription
1 Futures and Options Contracts on Oil TRADING GUIDE SEPTEMBER 2017 Version 4 w w w. r o f e x. c o m. a r
2 1. SUMMARY On June 15 th 2011, ROFEX launched the operation of the futures new contracts on crude oil. This document introduces the product while listing its main features and describing the basic aspects for its trading. The guide also contains information about how to prepare the frontoffice and back-office systems for incorporating this product. The contents of this document are informative and their purpose is to summarize the main points of interest related to the operation trading of futures contracts on crude oil. Although this document addresses the most important contract characteristics to date, they are subject to modifications according to changes in the market situation. The trading guide does not substitute nor complement the Internal Rulebook, the terms and conditions of the futures and options contracts, notices or any other provisions issued by the Board of Directors and other ROFEX S.A. and Argentina Clearing S.A. competent bodies. 2
3 2. OIL DERIVATIVES 2. a. Description In an attempt to provide investors with a high-liquidity product in the international market, ROFEX has developed an innovative product in the domestic financial market: the futures contract on crude oil. This new contract allows ROFEX to offer its agents the possibility of: - Hedging against the price of domestic oil-linked financial assets. - Offering price hedging opportunities to market participants (crude oil producers, refineries, distributors, crude oil buyers, etc.). - Providing retail investors with the access to a financial product of high international liquidity. - Providing leverage before oil price expectations. - Investing in crude oil by means of a financial asset traded, cleared and settled in the local market. 2. b. Contract specifications RULEBOOK OF THE FUTURES CONTRACT ON CRUDE OIL Underlying asset NYMEX WTI crude oil (Light Sweet Crude Oil). Contract size It shall be of ten (10) barrels. Trading and Each contract shall be called, quoted, traded, quotation registered, adjusted and cleared in American dollars currency (herein, USD). The quotation shall be made per barrel, with two decimals. The trading unit shall be one (1) futures contract on crude oil. Available series Series shall be listed with expiration in every month Expiration date and last trading day Minimum price variation Maximum price variation Settlement method of the year. It shall be the sixth (American) business day before the 25 th day of the contract month. If the 25 th day was a non-business day (in the USA), the contract shall expire on the sixth business day (in the USA) before the business day (in the USA) immediately before the 25 th day of the contract month. Once the expiration day is determined as per the previous item, if this was a non-business day in the local market, the contract shall expire on the immediately previous business day in both markets. The contract minimum price variation shall be USD 0.01 per barrel. A limit system of prices fluctuation up to a value equivalent to 150% of the margins demanded by the Clearing House shall be adopted. This maximum fluctuation shall not be applied on the first and last trading day, or when the respective contract has not been traded the previous day. There shall be no physical delivery of the crude oil product for the contracts which shall continue open at the end of the last trading day. They shall be 3
4 settled by price marking-to-market in cash. The final settlement price shall be determined based on the adjustment price for the first open position in the WTI futures contract on crude oil of the CME Group (Crude Oil Futures) for the contract expiration date. RULEBOOK OF THE OPTIONS CONTRACT ON CRUDE OIL Underlying asset Futures contract on crude oil, (WTI) (Light Sweet Crude Oil). Contract size It shall be one (1) futures contract on crude oil. Trading and quotation It shall be the same as that of the underlying futures currency contract. Available series Series shall be listed with expiration in every month of the year. Expiration date and It shall be the same as that of the underlying futures last trading day contract. Minimum price The contract minimum price variation shall be USD variation 0.01 per barrel. Exercise prices The exercise prices shall be expressed in terms of USD per barrel. The Board of Directors may modify the rules governing the establishment of the exercise prices at its discretion. Exercise The options contract shall be exercised in the following way: Exercise of the option by the buyer: the options contract holder may exercise it on any business day until the last trading day, and to do so, he must duly inform his will in that sense to the Clearing House. Automatic exercise: if there are no contrary instructions delivered to the Clearing House before the end of its trading, any options contract with intrinsic value shall be automatically exercised. Assignment: the exercise notices received by the Clearing House shall be randomly assigned to sellers. 4
5 3. TRADING-SPECIFIC QUESTIONS 3. a. Round times The futures and options contracts on oil shall be traded within the ROFEX RFX-OTHERS segment. The trading round shall be: Phase times Trading Post-trading 10 a.m. 5 p.m. 5 p.m p.m. 3. b. Trading modes MODE All or none Previous trading (block trade) MINIMUM AMOUNT PER ROW Futures: 100 contracts Options: N/A Futures: 200 contracts Options: 100 contracts 3. c. Margins Margins are established by Argentina Clearing S.A. clearing house which shall be responsible for informing them by notice. These amounts shall be periodically adjusted based on the volatility and other market conditions, and are updated in the following link. 3. d. Limits to open positions (LOP) LOPs are established by notice by Argentina Clearing S.A. These amounts may be periodically adjusted and may be checked in the following link. 3. e. Registration rights The product registration and clearing rights shall be defined by ROFEX and Argentina Clearing S.A. and informed by the due notices. The registration and clearing rights in force may be checked on the following link. 5
6 3. f. E-Trader acronyms In the trading screen (e-trader), the product shall be displayed on the central panel, with the following acronym: 4. CLEARING WTI Marking-to-Market, profits/losses and premiums shall be debited from or credited to the clearing member s clearing and settlement account in USD. 6
1 Contract Specifications - Futures
1 Contract Specifications - Futures Trading system code Trading hours WTIO COPP PLAT SILV 09:00 to 17:00 South African time. Admin period from 17h00 to 17h15 (Monday to Friday except South African National
More informationNOTICE. Futures. Summary. commencing with the. NYSE Liffe U.S. March 11, Rule Chapter 121. for sellers and. Bonds. 1.3 The Treasury.
NYSE LIFFE U.S. NOTICE No. 05/2011 ISSUE DATE: EFFECTIVE DATE: March 10, 2011 March 11, 2011 NYSE Liffe U.S. Listing of Interest Rate Futures Summary This Notice provides Members with a summary of product
More informationCurrency Futures Trade on YieldX
JOHANNESBURG STOCK EXCHANGE YieldX Currency Futures Currency Futures Trade on YieldX Currency futures are traded on YieldX, the JSE s interest rate market. YieldX offers an efficient, electronic, automatic
More informationLIGHT SWEET CRUDE OIL FUTURES CONTRACTS
LIGHT SWEET CRUDE OIL FUTURES CONTRACTS CL CONTRACT DETAILS 25 april 2018 Moscow Exchange launched Light Sweet Crude Oil Futures, «mirror» to the NYMEX contracts; Trading venue Moscow Exchange, information
More informationFutures Contract Introduction
Futures Contract Introduction 0 The first futures exchange market was the Dojima Rice exchange in Japan in the 1730s, to meet the needs of samurai who being paid in rice and after a series of bad harvests
More informationTTT SECTION TTT PART II F: OPTIONS PART II: SPECIFIC STANDARD TERMS FOR SWAP FUTURES CONTRACTS: F. OPTIONS
PART II: SPECIFIC STANDARD TERMS FOR SWAP FUTURES CONTRACTS: F. OPTIONS 20. Heating Oil Diff EU-Style Heating Oil vs Low Sulphur Gasoil Option... 2 24. Fuel Oil Outright Fuel Oil 1% FOB NWE Cargoes (Platts)
More informationSpecial Executive Report
Special Executive Report S-5766 CME Announces Launch of 10-Year Sovereign Yield Spread Futures On Monday, 23 May 2011, CME ( Exchange ) will introduce twelve 10-Year Sovereign Yield Spread futures. These
More informationLEPOs. Low Exercise Price Options Explanatory Booklet
LEPOs Low Exercise Price Options Explanatory Booklet ASX A division of Australian Stock Exchange Limited ABN 98 008 624 691 This brochure provides general information on Options traded on the Australian
More informationSELFCERTIFICATION NEW PRODUCT: MINI FUTURES CONTRACTS ON THE S&P/TSX 60 INDEX
Trading Interest Rate Derivatives Trading Equity and Index Derivatives Back-office Futures Back-office - Options Technology Regulation MCeX CIRCULAR May 2, 2011 SELFCERTIFICATION NEW PRODUCT: MINI FUTURES
More informationLONG-TERM EQUITY ANTICIPATION SECURITIES
LEAPS September 2000 LONG-TERM EQUITY ANTICIPATION SECURITIES Table of Contents Contents Page(s) Introduction 3 Benefits and Risks to Investors 4 Buying and Selling LEAPS 6 Strategies 7 Index LEAPS 11
More informationCash-Settled Forward (CSFs)
Cash-Settled Forward (CSFs) CSFs provide FX market participants with a clearable alternative to the predominant deliverable products in the G20 and several other pairs. These products serve as a viable
More informationCreating Forward-Starting Swaps with DSFs
INTEREST RATES Creating -Starting Swaps with s JULY 23, 2013 John W. Labuszewski Managing Director Research & Product Development 312-466-7469 jlab@cmegroup.com CME Group introduced its Deliverable Swap
More informationWEEK 3 FOREIGN EXCHANGE DERIVATIVES
WEEK 3 FOREIGN EXCHANGE DERIVATIVES What is a currency derivative? >> A contract whose price is derived from the value of an underlying currency. Eg. forward/future/option contract >> Derivatives are used
More informationCME FX Link LIQUIDITY, LINKED QUOTATION AND PRICING GUIDE
CME FX Link LIQUIDITY, LINKED QUOTATION AND PRICING GUIDE CME FX Link: One CME Globex Spread, Connecting OTC FX and FX Futures Markets CME FX Link is a CME Globex basis spread between FX Futures and OTC
More informationRegulatory Circular RG14-040
Regulatory Circular RG14-040 Date: November 10, 2014 To: Trading Privilege Holders From: CBOE Research and Product Development Department CFE Business Development RE: CBOE/CBOT 10 Year Treasury-Note Volatility
More informationStraits Financial. is proud to announce BITCOIN FUTURES. December 7, Bitcoin Futures are finally ready to be traded.
Straits Financial is proud to announce BITCOIN FUTURES December 7, 2017 Bitcoin Futures are finally ready to be traded. The CBOE contract starts Sunday December 10, 2017. The CME contract starts the following
More informationABN Issue Date: 3 April 2018
GLOBAL PRIME PRODUCTS - PRODUCT DISCLOSURE STATEMENT Global Prime Pty Limited ABN 74 146 086 017 Australian Financial Services Licence No. 385 620 Issue Date: 3 April 2018 Global Prime Pty Ltd A:Level
More informationRegulatory Circular RG15-006
Regulatory Circular RG15-006 Date: January 27, 2015 To: Trading Privilege Holders From: CBOE Research and Product Development Department CFE Business Development RE: CBOE/CBOT 10 Year Treasury-Note Volatility
More informationSELFCERTIFICATION NEW PRODUCT: THE FTSE EMERGING MARKETS INDEX FUTURES (EMF) CONTRACT
Trading Interest Rate Derivatives Trading Equity and Index Derivatives Back-office Futures Back-office - Options Technology Regulation CIRCULAR 074-14 June 9, 2014 SELFCERTIFICATION NEW PRODUCT: THE FTSE
More informationProspects for a Closer Brent/WTI Relationship in Europe Platts proposes adding U.S. crude to Brent assessment.
? Prospects for a Closer Brent/WTI Relationship in Europe Platts proposes adding U.S. crude to Brent assessment. Morningstar Commodities Research Oct. 15, 2018 Sandy Fielden Director, Oil and Products
More informationPROCEDURE MANUAL FOR REPURCHASE (REPO) OPERATIONS BOLSA DE VALORES DE PANAMÁ, S.A.
PROCEDURE MANUAL FOR REPURCHASE (REPO) OPERATIONS BOLSA DE VALORES DE PANAMÁ, S.A. Text modified pursuant to Resolution No. 6-2005 of the National Securities Commission, issued on January 14, 2005. I.
More informationEDGA & EDGX STOCK EXCHANGES
EDGA & EDGX STOCK EXCHANGES Regulatory Information Circular Circular Number: 2011-021 Contact: Jeff Rosenstrock Date: February 23, 2011 Telephone: (201) 942-8295 Subject: Teucrium WTI Crude Oil Fund Background
More informationJPMorgan Commodity Curve Ex-Front Month Crude Oil Excess Return and Total Return Indices: JMCXXCLE and JMCXXCLT Questions & Answers
JPMorgan Commodity Curve Ex-Front Month Crude Oil Excess Return and Total Return Indices: JMCXXCLE and JMCXXCLT Questions & Answers Capitalised terms used in this section and not defined herein shall have
More informationUUUUUU CONTRACT RULES: US COAL OPTION CONTRACTS SECTION UUUUUU - CONTRACT RULES:
SECTION - CONTRACT RULES: ICE FUTURES ILLINOIS BASIN COAL OPTIONS CONTRACT; ICE FUTURES CSX COAL OPTIONS CONTRACT; ICE FUTURES POWDER RIVER BASIN COAL OPTIONS CONTRACT;.1 Scope 1.2 Definitions 2.3 Strike
More informationSWAP TRANSACTION CONFIRMATION
1/5 SWAP TRANSACTION CONFIRMATION To: Legal Entity Identifier (LEI): Attention: Phone: Fax: Email: From: Legal Entity Identifier (LEI): ("Counterparty") Wells Fargo Bank, N.A. ("Wells Fargo") LEI:KB1H1DSPRFMYMCUFXT09
More informationIssued by Citigroup Global Markets Holdings Inc. All payments due on the securities fully and unconditionally guaranteed by Citigroup Inc.
Filed Pursuant to Rule 424(b)(3) Registration Nos. 333-216372 and 333-216372-01 PRICING SUPPLEMENT NO. 2016 USNCH0277/A/3 ± AND 2016 USNCH0278/A/3 ± DATED APRIL 19, 2018 (TO PROSPECTUS SUPPLEMENT AND PROSPECTUS
More information08h30 to 17h00 South African time. Admin period from 17h00 to 17h15. (Monday to Friday except South African National Holidays)
CONTRACT SPECIFICATIONS ENERGY FUTURES DIESEL HEDGE FUTURES CONTRACT Trading system code DSEL Trading hours 08h30 to 17h00 South African time. Admin period from 17h00 to 17h15. (Monday to Friday except
More informationEXCHANGE TRADED OPTIONS PRODUCT DISCLOSURE STATEMENT
EXCHANGE TRADED OPTIONS PRODUCT DISCLOSURE STATEMENT INTERACTIVE BROKERS LLC ARBN 091 191 141 AFSL 245 574 Date of Issue: 5 April 2018 INDEX 1. INTRODUCTION 4 1.1 Important Information 4 1.2 Purpose of
More informationSELFCERTIFICATION NEW PRODUCT OVERNIGHT INDEX SWAP FUTURES CONTRACTS (OIS)
Trading Interest Rate Derivatives Trading Equity and Index Derivatives Back-office Futures Back-office - Options Technology Regulation MCeX CIRCULAR February 15, 2012 SELFCERTIFICATION NEW PRODUCT OVERNIGHT
More informationEXCHANGE TRADED OPTIONS PRODUCT DISCLOSURE STATEMANT
EXCHANGE TRADED OPTIONS PRODUCT DISCLOSURE STATEMANT Stand: 12.02.2014 EXCHANGE TRADED OPTIONS PRODUCT DISCLOSURE STATEMENT INTERACTIVE BROKERS LLC ARBN 091 191 141 AFSL 245 574 Date of Issue: 12 February
More informationLEPOs. Low Exercise Price Options Explanatory Booklet
LEPOs Low Exercise Price Options Explanatory Booklet Disclaimer of Liability Information provided is for educational purposes and does not constitute financial product advice. You should obtain independent
More informationHedging Tools for the Ferrous Metals Marketplace. Young-Jin (Jin) Chang Director Research & Product Development March 11, 2013
Hedging Tools for the Ferrous Metals Marketplace Young-Jin (Jin) Chang Director Research & Product Development March 11, 2013 CME Group: The Leader in a Dynamic Industry A diverse and world leading derivatives
More informationSELF-CERTIFICATION NEW PRODUCT LISTING OF FUTURES CONTRACTS ON CANADIAN CRUDE OIL (WCH)
Trading Interest Rate Derivatives Trading Equity and Index Derivatives Back-office Futures Back-office - Options Technology Regulation MCeX CIRCULAR May 14, 2010 SELF-CERTIFICATION NEW PRODUCT LISTING
More information4 YEAR COMMODITY BASKET LINKED DEPOSIT NOTE DUE MARCH 29, 2010
HSBC BANK CANADA 4 YEAR COMMODITY BASKET LINKED DEPOSIT NOTE DUE MARCH 29, 2010 TERMS AND CONDITIONS INVESTMENT HIGHLIGHTS 4 year Deposit Notes ( Notes ) linked to the performance of a Commodity Basket.
More informationLEPOs. Low Exercise Price Options Explanatory Booklet
LEPOs Low Exercise Price Options Explanatory Booklet Disclaimer of Liability Information provided is for educational purposes and does not constitute financial product advice. You should obtain independent
More informationEMTA TEMPLATE TERMS for ARS / USD Non-Deliverable Currency Option Transactions. [CURRENCY] Put / [CURRENCY] Call
EMTA TEMPLATE TERMS for ARS / USD Non-Deliverable Currency Option Transactions General Terms: Trade Date: [Date of Annex A] 1 : Buyer: Seller: Put Currency and Put Currency Amount: Call Currency and Call
More informationIntroduction to Eris Exchange Interest Rate Swap Futures
Introduction to Eris Exchange Interest Rate Swap Futures Overview Eris Exchange interest rate swap futures ( Eris contracts ) have been designed to replicate the net cash flows associated with plain-vanilla,
More informationWelcome to NYMEX WTI Light Sweet Crude Oil Futures
Welcome to NYMEX WTI Light Sweet Crude Oil Futures Product Overview Looking to take part in today s active oil markets? Consider NYMEX WTI Light Sweet Crude Oil futures (ticker symbol CL). NYMEX WTI is
More informationRULE FIFTEEN FUTURES CONTRACTS SPECIFICATIONS. Section General Provisions
Bourse de Montréal Inc. 15-1 RULE FIFTEEN FUTURES CONTRACTS SPECIFICATIONS Section 15001-15050 General Provisions 15001 Scope of Rule (24.01.86, 22.04.88, 08.09.89, 16.04.92, 19.01.95, 07.09.99, 31.01.01,
More informationHSBC Institutional Trust Services (Asia) Limited Ongoing charges over a year*: 0.98% Estimated annual tracking Estimated to be -1.
PRODUCT KEY FACTS Mirae Asset Horizons Exchange Traded Funds Series II August 2017 Issuer: Mirae Asset Global Investments (Hong Kong) Limited This is an exchange traded fund. This statement provides you
More informationREGULATIONS. on Foreign Currency Forward Transactions (Forward Rules)
REGULATIONS on Foreign Currency Forward Transactions (Forward Rules) General Provisions 1 These Rules on Foreign Currency Forward Transactions hereinafter referred to as the Forward Rules present the detailed
More informationNZX Derivatives Market Contract No. 10 Options on Global Skim Milk Powder (SMP) Futures. Contract Terms and Administrative Procedures
NZX Derivatives Market Contract No. 10 Options on Global Skim Milk Powder (SMP) Futures Contract Terms and Administrative Procedures Issue Date: 4 December 2017 Contract Months: January 2018 CONTENTS 1.
More informationLCH.CLEARNET LIMITED PROCEDURES SECTION 2G THE NODAL CLEARING SERVICE
LCH.CLEARNET LIMITED PROCEDURES SECTION 2G THE NODAL CLEARING SERVICE CONTENTS Section Page 1. THE NODAL CLEARING SERVICE... 1 1.1 Introduction... 1 1.2 Membership... 1 1.3 General... 2 1.4 NODAL Transactions...
More informationCurrency Futures or FX Futures Introduction and Pricing Guide
s or FX Futures Introduction and Pricing Guide Michael Taylor FinPricing A currency future or an FX future is a future contract between two parties to exchange one currency for another at a fixed exchange
More informationFXBFI Broker Financial Invest Ltd. (Regulated by the Cyprus Securities & Exchange Commission)
FXBFI Broker Financial Invest Ltd (Regulated by the Cyprus Securities & Exchange Commission) KEY INFORMATION DOCUMENT COMMODITY CFD Purpose This document provides you with key information about this investment
More informationMARKET REGULATION ADVISORY NOTICE
MARKET REGULATION ADVISORY NOTICE Exchange NYMEX & COMEX Subject Block Trades Rule References Rule 526 Advisory Date Advisory Number NYMEX & COMEX RA1307-4 Effective Date April 22, 2013 This Advisory Notice
More informationGUIDELINE Solactive U.S. Ex-Dividends Index Series January 2018
GUIDELINE Solactive U.S. Ex-Dividends Index Series 2027 January 2018 Contents Introduction 1 Index specifications 1.1 Short name and ISIN 1.2 Initial value 1.3 Distribution 1.4 Prices and calculation frequency
More informationFUTURES CONTRACTS AND FUTURES OPTION CONTRACTS
CLIENT SERVICE AGREEMENT Halifax New Zealand Limited Client Service Agreement Product Disclosure Statement for FUTURES CONTRACTS AND FUTURES OPTION CONTRACTS Halifax New Zealand Limited Financial Services
More informationProduct Disclosure Statement Margin FX and Contracts for Difference
Product Disclosure Statement Margin FX and Contracts for Difference First Index Please note: except where specified, this Product Disclosure Statement refers to both Margin Foreign Exchange and Contracts
More informationNISM-Series-I: Currency Derivatives Certification Examination
SAMPLE QUESTIONS 1) The market where currencies are traded is known as the. (a) Equity Market (b) Bond Market (c) Fixed Income Market (d) Foreign Exchange Market 2) The USD/CAD (US Canadian Dollars) currency
More informationFutures. June Product Disclosure Statement. Issuer: BBY Limited ABN AFSL
Futures Product Disclosure Statement June 2011 http://www.bby.com.au Issuer: BBY Limited ABN 80 006 707 777 AFSL 238095 Section 1 Important Information Purpose of this PDS This Product Disclosure Statement
More informationChapter 251A Options on British Pound Sterling/U.S. Dollar Futures
Chapter 251A Options on British Pound Sterling/U.S. Dollar Futures 251A00. SCOPE OF CHAPTER This chapter is limited in application to trading in put and call options on British pound (pound sterling) futures
More informationPRODUCT KEY FACTS Samsung S&P GSCI Crude Oil ER Futures ETF A sub-fund established under the Samsung ETFs Trust
Issuer: Samsung Asset Management (Hong Kong) Limited 三星資產運用 ( 香港 ) 有限公司 PRODUCT KEY FACTS Samsung S&P GSCI Crude Oil ER Futures ETF A sub-fund established under the Samsung ETFs Trust 30 April 2018 This
More informationBM&F CIRCULAR LETTER. Re.: WebTrading BM&F (WTr) Introduction of the Mini Arabica Coffee Futures Contract.
September 18, 2006 102/2006-DG BM&F CIRCULAR LETTER To the Clearing Members, Brokerage Houses and Locals Re.: WebTrading BM&F (WTr) Introduction of the Mini Arabica Coffee Futures Contract. As of September
More informationENERGY DERIVATIVES. Key Information Document (KID) JSE Limited Reg No: 2005/022939/06 Member of the World Federation of Exchanges.
ENERGY DERIVATIVES Key Information Document (KID) 2018 JSE Limited Reg No: 2005/022939/06 Member of the World Federation of Exchanges Page 1 of 5 PURPOSE This document provides you with key information
More informationBZX Information Circular BYX Information Circular Date: February 24, Teucrium WTI Crude Oil Fund
Date: February 24, 2011 BZX Information Circular 11-019 BYX Information Circular 11-019 Re: Teucrium WTI Crude Oil Fund Pursuant to Rule 14.1(c)(2) of the Rules of BATS Exchange, Inc. and BATS Y-Exchange,
More informationLeveraged Long Leveraged Inverse
PRICING SUPPLEMENT No. VLS ETN-3/A41 To the Prospectus Supplement dated June 30, 2017 and Prospectus dated June 30, 2017 Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-218604-02 February
More informationCME Bitcoin Futures The Basics
CME Bitcoin Futures The Basics January 2018 Dave Lerman Senior Director, Education CME Group David.lerman@cmegroup.com Disclaimer Neither futures trading nor swaps trading are suitable for all investors,
More informationJoe Horner, MU Extension Economist
Joe Horner, MU Extension Economist www.dairy.missouri.edu As farms get larger and risk management becomes more critical, hedging becomes an important skill set to develop. Why would a Missouri dairy
More informationOnline. Professional. Futures and Derivatives Product Disclosure Statement. JUNE 2012
Online Professional Futures and Derivatives Product Disclosure Statement JUNE 2012 http://www.bby.com.au This product disclosure covers futures contracts and derivatives, both exchange traded and over-the-counter
More informationEfficacy of Interest Rate Futures for Corporate
Efficacy of Interest Rate Futures for Corporate The financial sector, corporate and even households are affected by interest rate risk. Interest rate fluctuations impact portfolios of banks, insurance
More informationAll members, warehouse companies, London agents and other interested parties
To: Ref: All members, warehouse companies, London agents and other interested parties 15/175 : A171 : W054 Date: 8 June 2015 Subject: NEW LME PRODUCTS UPDATE Summary 1. This notice provides an update on
More informationSECTION TTT PART II C: DIFFERENTIALS CRUDE OIL AND REFINED PRODUCTS PART II: SPECIFIC STANDARD TERMS FOR SWAP FUTURES CONTRACTS:
SECTION TTT PART II C: DIFFERENTIALS CRUDE OIL AND REFINED TTT PART II: SPECIFIC STANDARD TERMS FOR SWAP FUTURES CONTRACTS: C. DIFFERENTIALS - CRUDE OIL AND REFINED 4. Daily CFD - Brent CFD vs First Month
More informationA Proposed Fuel Price Stabilization Mechanism through the Use of Financial Derivatives
Inter-American Development Bank Infrastructure and Environment Sector Energy Division INE/ENE A Proposed Fuel Price Stabilization Mechanism through the Use of Financial Derivatives TECHNICAL NOTES No.
More informationThe Royal Bank of Scotland plc
5 October 2011 The Royal Bank of Scotland plc (Incorporated in Scotland with limited liability under the Companies Acts 1948 to 1980, registered number SCO90312) 200 Call Warrants linked to the performance
More informationGuidelines on Trading Exchange-Traded Derivatives * Korea Financial Investment Association. II. Overview of Exchange-traded Derivatives Trading
Guidelines on Trading Exchange-Traded Derivatives * Risk Disclosure Statements Regarding Exchange-traded Derivatives Trading II. Overview of Exchange-traded Derivatives Trading * Please note that these
More informationICE Futures U.S., Inc.
ICE Futures U.S., Inc. All references to Board of Trade of the City of New York, Inc., New York Board of Trade or NYBOT shall be deemed to be ICE Futures U.S., Inc. FINEX EURO INDEX FUTURES TABLE OF CONTENTS
More informationCFD PRODUCT GUIDE. Registered in the Commercial Register of Bulgaria under UIN
Registered in the Commercial Register of Bulgaria under UIN 123560824 CONTENTS Notice...3 Risk Warning...3 1. Trading Hours...4 2. Contract Size \ Contract value...4 3. Tick size \Tick value\spread value...5
More informationSpecial Executive Report
Special Executive Report S-5985 NEW LAUNCH DATE FOR CLEARING SERVICES FOR OTC U.S. DOLLAR / BRAZILIAN REAL AND U.S. DOLLAR / CHINESE RENMINBI CASH SETTLEMENT NDF TRANSACTIONS, EFFECTIVE MONDAY, OCTOBER
More informationExamples of Derivative Securities: Futures Contracts
Finance Derivative Securities Lecture 1 Introduction to Derivatives Examples of Derivative Securities: Futures Contracts Agreement made today to: Buy 5000 bushels of wheat @ US$4.50/bushel on December
More informationCharles Schwab Australia Pty Limited. Exchange Traded Options. Part 1 Product Disclosure Statement. Part 2 Schedule of Fees and Costs.
September 2018 Part 1 Product Disclosure Statement Part 2 Schedule of Fees and Costs Issued by: Address: ABN: 11 085 258 822 Australian Financial Services License No. 246743 Unit 5, 4 Skyline Place Frenchs
More informationStatement of Steve Sherrod Acting Director of Surveillance Division of Market Oversight Commodity Futures Trading Commission January 14, 2010
Statement of Steve Sherrod Acting Director of Surveillance Division of Market Oversight Commodity Futures Trading Commission January 14, 2010 PROPOSED ENERGY POSITION LIMITS AND EXEMPTIONS Good afternoon
More informationTRADING RULES Asian Index (Non Gulir), CFD US Index (Non Gulir), Gulir Berkala Crude Oil Effective May 01, 2017
PRODUCTS TRADING RULES Asian Index (Non Gulir), CFD US Index (Non Gulir), Gulir Berkala Crude Oil Effective May 01, 2017 Symbol Contract Size Asian Index Nikkei (NIK-Contract Month) USD 5.00 per index
More informationChapter 389 S&P MLP Total Return Index Futures
Chapter 389 S&P MLP Total Return Index Futures 38900. SCOPE OF CHAPTER This chapter is limited in application to Standard & Poor s Master Limited Partnership Total Return Index futures ( futures ). In
More informationThe above exchange rate will be used to arrive at the FSP of respective monthly contract. For example, August contract will be settled as;
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED Circular to all trading and clearing members of the Exchange Circular No. : NCDEX/TRADING-080/2014/192 Date : June 19, 2014 Subject : Modification in contract
More informationA monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank SIB STUDENTS ECONOMIC FORUM Experience
More informationunder the Global Debt Issuance Facility
Final Terms dated 23 April 2018 International Bank for Reconstruction and Development Issue of INR 250,000,000 4.80 per cent. Fixed Rate Notes due 5 February 2025 payable in United States Dollars (to be
More informationTSX Inc. Notice of Approval Amendments to the Rules of the TSX to Permit Trading of Securities Listed on Other Canadian Exchanges TSX INC.
13.2.2 TSX Inc. Notice of Approval Amendments to the Rules of the TSX to Permit Trading of Securities Listed on Other Canadian Exchanges Introduction TSX INC. NOTICE OF APPROVAL AMENDMENTS TO THE RULES
More informationCME Group. Clearing 2010: A Derivatives Forum OTC Clearing Platform Panel. Tim Doar April 13, 2010 MD Risk Management
CME Group Clearing 2010: A Derivatives Forum OTC Clearing Platform Panel Tim Doar April 13, 2010 MD Risk Management CME Group Overview Largest futures exchange in the U.S. and globally by 2009 volume Strong
More informationAGRICULTURAL PRODUCTS. Soybean Crush Reference Guide
AGRICULTURAL PRODUCTS Soybean Crush Reference Guide As the world s largest and most diverse derivatives marketplace, CME Group (cmegroup.com) is where the world comes to manage risk. CME Group exchanges
More informationNotice No. 261 Contribution to the Trust of Non-Compliance Clearing Member (Guarantee Fund III). New text of the Memberships Rulebook.
Rosario, 24 th May 2017. Notice No. 261 Contribution to the Trust of Non-Compliance Clearing Member (Guarantee Fund III). New text of the Memberships Rulebook. Dear Agents, Due to the exceptionality of
More informationLCH SA CDS Clearing Supplement
LCH SA CDS Clearing Supplement 13 December 2017 This document is for use with the clearing of index linked credit derivative transactions, single name credit derivative transactions and swaption transactions
More informationMONTREAL CLIMATE EXCHANGE (MCeX) NEW PRODUCT : FUTURES CONTRACTS ON CARBON DIOXIDE EQUIVALENT (CO 2 e) UNITS
Trading Interest Rate Derivatives Trading Equity and Index Derivatives Back-office Futures Back-office - Options Technology Regulation MCeX CIRCULAR May 5, 2008 MONTREAL CLIMATE EXCHANGE (MCeX) NEW PRODUCT
More informationLearn To Trade Stock Options
Learn To Trade Stock Options Written by: Jason Ramus www.daytradingfearless.com Copyright: 2017 Table of contents: WHAT TO EXPECT FROM THIS MANUAL WHAT IS AN OPTION BASICS OF HOW AN OPTION WORKS RECOMMENDED
More informationEfficacy of Interest Rate Futures for Retail
Efficacy of Interest Rate Futures for Retail The financial sector, corporate and even households are affected by interest rate risk. Interest rate fluctuations impact portfolios of banks, insurance companies,
More informationSection 1 Options Clearing Corporation Rules
4 Chapter IV Trading Procedures and Standards Section 1 Options Clearing Corporation Rules (a) The rights and obligations of purchasers and sellers of futures, options thereon and commodity options cleared
More informationEXHIBIT A. Rule Asset Duration/Close Time Action Effective Date
EXHIBIT A Rule Asset Duration/Close Time Action Effective Date 1.1 Definitions N/A Add definition of Wide Spread Surcharge 12/19/16 4.4 Obligations of Market Makers N/A Add Wide Spread Surcharge for Market
More informationBourse de Montréal Inc RULE FIFTEEN FUTURES CONTRACTS SPECIFICATIONS. Section General Provisions
Bourse de Montréal Inc. 15-1 RULE FIFTEEN FUTURES CONTRACTS SPECIFICATIONS Section 15001-15050 General Provisions 15001 Scope of Rule (24.01.86, 22.04.88, 08.09.89, 16.04.92, 19.01.95, 07.09.99, 31.01.01,
More informationProduct Disclosure Statement
product disclosure statement issued 1 march 2016 Options Product Disclosure Statement Morgan Stanley Wealth Management Australia Pty Ltd ABN 19 009 145 555 AFSL 240813 Level 26 Chifley Tower, 2 Chifley
More informationID X IGP-M SPREAD FUTURES CONTRACT. Specifications
ID X IGP-M SPREAD FUTURES CONTRACT Specifications 1. Definitions IGP-M ID Rate Unit price (PU) Reserve day The General Market Price Index, expressed in index points, with a base value of 100 in August
More informationOutline for Spot-Next Repo Rate Futures
Outline for Spot-Next Repo Rate Futures Sep. 7, 2007 TFX Ⅰ.Trading Items Description Remarks 1.Definition 2.Contract Months Spot-Next Repo Rate Futures is a futures contract, which quotes index indicated
More informationTERMS AND CONDITIONS OF THE BONDS
TERMS AND CONDITIONS OF THE BONDS The following (excluding italicised paragraphs) are the terms and conditions of the Bonds which will be endorsed on the Certificates relating to the Bonds: The USD 450,000,000
More informationName of trading venue: INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE
Date: 18 January 2019 ESMA70-155-5088 OPINION on position limits on ICE Low Sulphur Gasoil contracts I. Introduction and legal basis 1. On 9 February 2018, the European Securities and Markets Authority
More informationShanghai International Energy Exchange Crude Oil Futures Contract: How does it fit into the world crude oil trading system?
Shanghai International Energy Exchange Crude Oil Futures Contract: How does it fit into the world crude oil trading system? 36 th USAEE/IAEE North American Conference September 23-26, 2018 Washington,
More informationLEAPS. Long-term Equity AnticiPation Securities TM. How to put your long-term market opinions to work with LEAPS
LEAPS Long-term Equity AnticiPation Securities TM How to put your long-term market opinions to work with LEAPS The Chicago Board Options Exchange (CBOE) is the world s largest options marketplace and one
More informationEMTA TEMPLATE TERMS for KES / USD Non-Deliverable FX Forward Transactions
EMTA TEMPLATE TERMS for KES / USD Non-Deliverable FX Forward Transactions JULY 21, 2014 General Terms: Trade Date: [Date of Annex A] 1 : Reference Currency: [Notional Amount] 2 : [Forward Rate] 2 : [Reference
More information[1] THE INTERFACE 05 [2] LOGGING IN 07 [3] ACCOUNTS 08 [4] THE QUOTES BOARD 09 [5] POSITIONS [5.1] USING STOP LOSS, TAKE PROFIT, AND CLOSING POSITIONS
ipad USER GUIDE TABLE OF CONTENTS [1] THE INTERFACE 05 [2] LOGGING IN 07 [3] ACCOUNTS 08 [4] THE QUOTES BOARD 09 [5] POSITIONS [5.1] USING STOP LOSS, TAKE PROFIT, AND CLOSING POSITIONS 10 10 [6] ORDERS
More informationGlossary for Retail FX
Glossary for Retail FX This glossary has been compiled by CME from a number of sources. The definitions are not intended to state or suggest the correct legal significance of any word or phrase. The sole
More informationSpecial Executive Report
Special Executive Report S-7701 July 5, 2016 Amendments to the Final Settlement Rules for the Russian Ruble/U.S. Dollar (RUB/USD) Futures and the Cleared OTC U.S. Dollar/Russian Ruble (USD/RUB) Spot, Forwards
More informationUS$4,876,000 Royal Bank of Canada
Pricing Supplement to the Prospectus dated January 5, 2007 and the Prospectus Supplement dated January 5, 2007 US$4,876,000 Royal Bank of Canada Principal Protected Booster Notes due February 28, 2011
More information