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Information for Investors Futures on the FTSE/ASE-20 index First trading day: August 27, 1999 Trading hours: 11:00am to 17:00pm Introduction For Futures on FTSE/ASE-20 that are traded in Derivatives Market the underlying asset is the blue chip index FTSE/ASE-20. The FTSE/ASE-20 index is based on the 20 largest ASE stocks. It was developed in 1997 by the partnership of ASE with FTSE International and is already established benchmark. It represents over 50% of ASE's total capitalisation and currently has a heavier weight on banking, telecomunication and energy stocks. Brief description A futures contract is an agreement between a buyer and a seller, whereby the latter will deliver and the former will accept the delivery of a certain quantity of the underlying asset at a prespecified future day and price. The futures contract on the index FTSE/ASE-20 is cash settled in the sense that the difference between the traded price of the contract and the closing price of the index on the expiration day of the contract are settled between the counterparties in cash. As a matter of fact, as the price of the contract changes daily, it is cash settled on a daily basis, up until the expiration of the contract. The futures contract is traded in index points, while the monetary value of the contract is calculated by multiplying the futures price by the multiplier 5 EUR per point. For example, a contract trading at 1,400 points has value of 7,000 EUR. --> Specifications of the future in FTSE/ASE-20 (.pdf) Trading calendar (.pdf) FTSE-ASE20 CONSTITUENTS Series codes (.pdf) Trading Callendar (.pdf) Note: For viewing .pdf files you must have Adobe Acrobat Reader, which you can download if you click the icon below: