14 Jul 2022

Eurex

Options contracts on shares of Électricité de France S.A.: Exercise of options with expiry July 2022

Eurex Circular 073/22 Options contracts on shares of Électricité de France S.A.: Exercise of options with expiry July 2022

1.  Introduction

Following the suspension of trading in shares of the company Électricité de France S.A. on the reference market (Euronext Paris) on 13 July 2022, trading and exercise of the affected Eurex-listed options contracts have been suspended until further notice. Given that and pursuant to § 16 Para. 3 Clause 4 of the Exchange Rules of Eurex Deutschland, the Board of Management of Eurex Deutschland orders the following: 

A.    Open positions in currently suspended options contracts on Électricité de France S.A. with expiration July 2022 may be exercised – irrespective of the trading suspension – on the scheduled last trading day on 15 July 2022.

B.    As reference price, that is used for processing in the systems of Eurex Deutschland, including the valuation of the affected options contracts, the closing price of the above-mentioned shares at Euronext Paris on 12 July 2022 (EUR 10.225) is taken as long as trading in the affected shares remains suspended. 

C.    The Board of Management of Eurex Deutschland reserves the right to take further appropriate actions whenever circumstances may require such actions.

2.  Required action

Trading Participants are requested to note that for processing of automatic exercises in the C7 Clearing System, the closing price of the above-mentioned shares at Euronext Paris on 12 July 2022 (EUR 10.225) is taken as long as trading in the affected shares remains suspended at Euronext Paris. Apart from the possibility to exercise positions automatically, members may decide to exercise positions manually as well as abandon positions to prevent automatic exercise.


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

Derivatives Trading Operations, tel. +49-69-211-1 12 10, eurextrading@eurex.com

Web:

www.eurex.com

Authorized by:

Jonas Ullmann


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