OCX.NoDivRisk®

 

The NoDivRisk product was launched on October 2010 in response to the customer demand to eliminate the risk associated with forecasting dividends. This is achieved by adjusting down the previous trading day’s settlement price (by the dividend amount) at the start of business on ex-dividend date.

  • Theoretical price is derived as SSF = STK x er*t
  • No short sale restriction, no locate requirement
  • Delivers to the physical stock at expiration
  • OCX.NoDivRisk futures on ADRs are adjusted by the estimated gross amount on the ex-date, which differ from the actual distribution due to currency fluctuations
  • OCX.NoDivRisk products are adjusted for all distributions including ordinary dividends, special dividends, capital gain distributions, etc.
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    Please see these links for additional information:

  • NDR P T3 SSF Product Specification
  • NDR P T1 SSF Product Specification
  • NDR C SSF Product Specification