Narrow Based Index Contract Specifications
Last Updated on July 19, 2005
Contract Specifications
| Contract Size | Sum of component securities shares x component prices |
| Minimum Price Fluctuation (Tick Size) |
$0.01 index points($10.00 per contract) |
| Regular Trading Hours | 8:30 a.m. – 3:00 p.m. Central Time |
| Position Limits | During the last five trading days 1,000 contracts |
| Daily Price Limits | None |
| Reportable Position Level | 200 Contracts |
| Contract Months | No more than three quarterly and two serial contract months at any point in a calendar year |
| Expiration Date/Final Settlement Date | Third Friday of the expiration month, unless the Exchange is not open for trading in which case the expiration date will be the preceding business day |
| Settlement | Cash settled upon the expiration of the contract. Final settlement price will be based on the opening prices of the component securities on the Final Settlement Date |
| Last Trading Day | Trading day prior to Expiration Date |
Additional Information
| Margin Requirements | Initial and maintenance margin requirement of 20% of the cash value of the contract. |
| Weighting Methodology | Approximate equal dollar weighting |
| Clearing and Settlement | Trades executed at OneChicago are cleared and settled by the Options Clearing Corporation (OCC) |
| Corporate Event Contract Notice | Pursuant to Rule 1006 Corporate Action Summary A for Approximately Equal-Dollar Weighted Indexes with selection of option (1) for extraordinary removal of components |
| Quarterly Fee | Each NBI contact is subject to a $5000.00 yearly fee paid quarterly. |
