Contract Specifications
Contract standards
| Contract | Product ID | Underlying | |
| Bloomberg Commodity Options | OCCO | Bloomberg Commodity IndexSM |
The Bloomberg Commodity IndexSM measures the performance of 22 different commodities in total. The calculation of the index is based on the prices of commodity futures at different exchanges. Furthermore there are subindexes and indexes where certain commodities are excluded (ex-indexes). The options refer to the excess return version of the Bloomberg Commodity IndexSM.
Contract value
USD 250 per index point of the underlying.
Settlement
Cash settlement, payable on the first exchange day following the final settlement day.
Price quotation and minimum price change
The price quotation is in points with two decimal places. The minimum price change is 0.01 points, equivalent to a value of USD 2.50.
Contract months
Up to 60 months: The three nearest successive calendar months, the three following quarterly months of the March, June, September and December cycle thereafter, the four following semi-annual months of the June and December cycle thereafter and the two following annual months of the December cycle thereafter.
Last trading day and final settlement day
Last trading day is the third Friday of each expiration month if this is an exchange day; otherwise the exchange day immediately preceding that day. Final settlement day is five exchange days following the last trading day, if this day is still within the same calendar month; otherwise the last exchange day in the calendar month, in which the contract expires..
Daily settlement price
The daily settlement price is established by Eurex. The daily settlement prices for commodity index options are determined through the Black/Scholes 76 model. The underlying reference price is the daily settlement price of the Eurex futures contract based on the index.
Further details are available in the clearing conditions.
Final settlement price
The final settlement price is established by Eurex on the last trading day. The final settlement price is based on the closing price of the respective index on that day, provided no futures represented in the index is suspended at that time. The final settlement price is fixed with three decimal places.
Exercise
European-style; an option can only be exercised on the final settlement day of the respective option series until 20:30 CET.
Exercise prices
| Contract | Exercise price intervals in USD for expiration months with a remaining lifetime of | |
| ≤ 12 months | > 12 months | |
| Bloomberg Commodity Options | 5 | 10 |
Number of exercise prices
Upon the admission of the options, at least nine exercise prices shall be made available for each due date with a term of up to 60 months for each call and put, such that four exercise prices are in-the-money, one is at-the-money and four are out-of-the-money.
Option premium
The premium is payable in full in USD on the exchange day following the day of the trade.
Block Trades
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 10 contracts
Market-Making Parameter
All quotation parameters at a glance
Mistrade Parameter
This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
Crossing Parameters
(section 2.6 Eurex Trading Conditions)
(1) Orders and Quotes relating to the same Instrument or Combined Instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.
(2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.
(3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).
(4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated.
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 09:00 | 18:00 | 20:30 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 09:00 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index Derivatives
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Last Trading Day for Bloomberg Commodity Index derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
No cash payment in USD
Last Trading Day for Bloomberg Commodity Index derivatives
Eurex is closed for trading in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading in all derivatives
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees (A-, M- and P-accounts) | USD 1.00 per contract |
| TES transactions / Eurex EnLight: Standard fees (A-, M- and P-accounts) | USD 1.50 per contract |
| Position Closing Adjustments (A-, M- and P-accounts) | USD 2.00 per contract |
| Exercise of options (A-, M- and P-accounts) | USD 1.00 per contract |
| Position transfer with cash transfer | USD 13.00 per transaction |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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