Single Stock Options, EUR/USD Currency Futures, Base Load Electricity Futures, Aegean Cotton Futures and Anatolian Red Wheat Futures maturing on March 31, 2014 will be redeemed on March 31, 2014. As announced by Borsa İstanbul VIOP Operation Principles Circular no. 433, dated July 19, 2013, at the end of the said trading date,
-Open positions in future contracts will be subject to cash settlement.
We would like to remind you that, in cases of physical delivery, Takasbank may require additional collateral under the title “physical delivery collateral” from investors with open positions, therefore, Borsa İstanbul members are kindly requested to apply extra caution in order not to be subject to margin call.
New contracts to be introduced will start to be traded on VIOP on Tuesday, April 1, 2014. Information on such contracts will be available in the reports entitled current contracts dated March 31, 2014 and contract modification file on www.borsaistanbul.com/erd. Information regarding the contracts that will stop trading is below.
Table: Futures Contracts which will stop being traded
Name of Contract | Contract Code | Maturity Month | Last Trading Day | Day on which the position will be closed |
EUR/USD Currency Rate | F_EURUSD0314S0 | March 2014 | March 31, 2014 | March 31, 2014 |
Aegean Cotton | F_COTEGE0314S0 | March 2014 | March 31, 2014 | March 31, 2014 |
Anatolian Red Wheat | F_WHTANR0314S0 | March 2014 | March 31, 2014 | March 31, 2014 |
Base Load Electricity | F_ELCBAS0314S0 | March 2014 | March 31, 2014 | March 31, 2014 |