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.
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