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TA-Banks5 Index Derivatives

TA Banks-5 Index Options

 

Launch Date

 

August 2000

 

 

Trading Hours

For details, click here.

 

 

Underlying Asset

The TA Banks-5 Index is a capitalization-weighted index of the five commercial bank stocks with the highest market values.

 

 

Contract Size

NIS 100 multiplied by the index level

 

 

Expiry

Each month

 

 

Contract Months

Every month, a new series of options for a period of three months is issued.

At any given time, three series of options are active, for one, two and three months.

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Change

NIS 1   (for prices up to 20 NIS)

NIS 2   (for prices of 21-100 NIS)

NIS 5 (for prices of 101-200 NIS)

NIS 10 (for prices exceeding 200 NIS)

 

 

Strike Prices

10 points

 

 

Last Trading Day

The Wednesday before the last Friday of the expiration month

 

 

Final Settlement Price

Based on the opening prices of the shares included in the index on the last trading day before the expiration date (usually Thursday)

 

 

Expiration Date

The last Friday of the expiration month

 

 

Exercise Style

European. Option contract can be exercised only on the last business day prior to expiration.

 

 

Final Settlement

In cash

 

 

Position Limit

24,000

 

 

Daily Price Change Limit

None

TA-Banks Index Futures

 

Launch Date

 

August 2000

 

 

Trading Hours

For details, click here.

 

 

Underlying Asset

The TA-Banks Index is a capitalization-weighted index of the five commercial banks stocks with the highest market values.

 

 

Contract Size

NIS 100 multiplied by the index level

 

 

Expiry

Each month

 

 

 

Contract Month

Every month, a new series of futures for a period of three months is issued.

At any given time, three series of futures are active, for one, two and three months.

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Change

NIS 10

 

 

Last Trading Day

The Wednesday before the last Friday of the expiration month

 

 

Final Settlement Price

Based on the opening prices of the shares included in the index on the last trading day before the expiration date(usually Thursday)

 

 

Expiration Date

The last Friday of the expiration month

 

 

Settlement

Daily cash settlement, Mark-to-Market

 

 

Position Limit

24,000

 

 

Daily

Price Change Limit

None