Large-in-Scale - LIS thresholds. SSDF Factsheet. Dividend rules SSDFs. En cours de chargement Wholesale services Large-in-Scale Facility.
In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday. The final settlement value is equal to the cumulative value of ordinary dividends declared by the relevant company without an adjustment for withholding taxes, tax credits or tax repayments. Declared ordinary dividends are taken into account if their ex-date falls on or between, the start and end date of the reference period of the relevant expiry.
For non-US underlyings, the reference period starts on the day following the third Friday in December and ends on the third Friday of June the expiry date half year later or in December the expiry date one year later. For US underlyings, the reference period starts on the day following the third Friday in January and ends on the third Friday in January the expiry date one year later.
Last update 9 SEP [1] Apart from exceptions or temporary adjustments for corporate actions. See the document "Unusual Contract sizes" in "Related documentation" to find an overview of non-standard contract size classes. This product may not be offered and sold to US persons Regarding Corporate Actions in SSDFs with US underlyings the following applies for technical reasons: in case of a Corporate Action where the price of the underlying is needed to calculate the adjusted contract specification, no trading is allowed in the respective SSDF on the effective date of the Corporate Action.
The adjustment will be based on the official US close price of the underlying on the day before the effective date of the Corporate Action, and the changes to the referential of the SSDF contract will be entered into the system on the effective date. If the effective date is not a Euronext business day, the contract will also be closed the business day after the effective date. In case the effective date of an adjustable event is on the last trading day of the contract normally the last trading day is a Friday , the expiry day will be changed to the following business day.
