Derivatives: Change of rounding rules in connection to re-calculations (27/07)


OMX Derivatives Markets will, as from November 1, 2007, implement new rounding rules for fractions of shares arising due to re-calculations of share options and futures.  

The change means that when a fractional share arises through re-calculation of the number of shares, which the contract covers, rounding will be made as followed. Number 0 to 4 shall be rounded down and number 5 to 9 shall be rounded up. The change is a step towards the creation of a European standard.

Attachments

wkr0001.pdf