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S&P/TSX 60 Dividend Index Futures
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S&P/TSX 60 Dividend Index Futures (SDV)

Interest rate derivative trading will cease at 1:30 p.m. today, July 30, 2021. Furthermore, the Exchange's markets will be closed on August 2, 2021.

Underlying

S&P/TSX 60 Dividend Points Index (Annual).

Trading unit

C$200 times the S&P/TSX 60 Dividend Index Futures contract value.

Expiry cycle

12, 24, 36, 48 and 60 months yearly (of the December cycle).

Price quotation

Quoted in index points, expressed to two decimals.

Minimum price fluctuation

  • 0.05 index points for outright positions
  • 0.01 index points for calendar spreads

Contract type

Cash-settled.

Last trading day

Trading ceases on the last trading day prior to the final settlement day.

Final settlement day

The third Friday of the contract month, provided it is a business day. If it is not a business day, final settlement will occur on the preceding business day.

Position reporting threshold

1,000 futures contracts, gross long and short, in all contract months combined.

Position limit

There are no position limits.

Trading halt

A trading halt will be coordinated with the triggering of "circuit breakers" on the underlying interest.

Minimum margin requirements

Information on minimum margin limits can be obtained from the Bourse as they are subject to periodic changes. See the Futures contracts margin rates page on the Regulatory Division website.

Trading hours

Early session* 2:00 a.m. to 9:15 a.m.

Regular session 9:30 a.m. to 4:30 p.m.

* A trading range of -7% to +7% (based on previous day's settlement price) has been established only for this session.

Clearing corporation

Canadian Derivatives Clearing Corporation (CDCC).

Trading procedures

Please refer to the Rules of the Bourse.

The information contained in this document is for information purposes only and shall not be construed as legally binding. This document is a summary of the product's specifications which are set forth in the Rules of Bourse de Montréal Inc. (“Rules of the Bourse”). While Bourse de Montréal Inc. endeavors to keep this document up to date, it does not guarantee that it is complete or accurate. In the event of discrepancies between the information contained in this document and the Rules of the Bourse, the latter shall prevail. The Rules of the Bourse must be consulted in all cases concerning products' specifications.

SDVTM is a trademark of Bourse de Montréal Inc.