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Eurex
Pursuant to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich, section 2.6.12, exercises in options on shares of German stock corporations are not possible on the day a dividend resolution is taken.
The last trading day of an option generally falls on the third Friday of the respective month if this Friday is an exchange trading day. If this is not the case, the last trading day will be the exchange trading day preceding this day. If due to a dividend resolution exercise is not possible on such a third Friday, the trading day directly preceding the third Friday shall be the last trading day.
According to the announcement of Porsche Automobil Holding SE from May 5, 2011, the day the dividend resolution will be taken will be June 17, 2011 and thereby will fall on a third Friday. Consequently, the last trading day of the series of expiration month June 2011 for the Eurex stock option on Porsche Automobil Holding SE (POR3) will be June 16, 2011. In the system, the last trading day has been brought forward to this date, as already announced via the Market Supervision Messages window on May 6, 2011.
Please note that due to this change, the expiration month to be introduced according to the expiration cycle will also be introduced one day earlier.
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.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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