LegalizeCommission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives (Text with EEA relevance. )
| Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives |
| Sub-asset class | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | Transactions to be considered for the calculations of the thresholds | Pre-trade and post-trade SSTI and LIS threshold values determined for the sub-classes determined to have a liquid market on the basis of the average daily notional amount (ADNA) band to which the sub-class belongs | Pre-trade and post-trade SSTI and LIS threshold values determined for the sub-classes determined to have a liquid market on the basis of the average daily notional amount (ADNA) band to which the sub-class belongs | Pre-trade and post-trade SSTI and LIS threshold values determined for the sub-classes determined to have a liquid market on the basis of the average daily notional amount (ADNA) band to which the sub-class belongs | Pre-trade and post-trade SSTI and LIS threshold values determined for the sub-classes determined to have a liquid market on the basis of the average daily notional amount (ADNA) band to which the sub-class belongs |
| Sub-asset class | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | Transactions to be considered for the calculations of the thresholds | Average daily notional amount (ADNA) | LIS pre-trade | SSTI post-trade | LIS post-trade |
| Sub-asset class | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below | Transactions to be considered for the calculations of the thresholds | Average daily notional amount (ADNA) | Threshold value | Threshold value | Threshold value |
| Stock index options | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 100 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 500 000 |
| Stock index options | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 200 m | EUR 3 000 000 | EUR 25 000 000 | EUR 30 000 000 |
| Stock index options | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 200 m ≤ ADNA < EUR 600 m | EUR 5 500 000 | EUR 50 000 000 | EUR 55 000 000 |
| Stock index options | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 600 m | EUR 20 000 000 | EUR 150 000 000 | EUR 160 000 000 |
| Stock index futures/forwards | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 100 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 500 000 |
| Stock index futures/forwards | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 1 bn | EUR 550 000 | EUR 5 000 000 | EUR 5 500 000 |
| Stock index futures/forwards | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 1 bn ≤ ADNA < EUR 3 bn | EUR 5 500 000 | EUR 50 000 000 | EUR 55 000 000 |
| Stock index futures/forwards | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 3 bn ≤ ADNA < EUR 5 bn | EUR 20 000 000 | EUR 150 000 000 | EUR 160 000 000 |
| Stock index futures/forwards | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | a stock index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying stock index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 5 bn | EUR 30 000 000 | EUR 250 000 000 | EUR 260 000 000 |
| Stock options | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 5 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 250 000 |
| Stock options | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 5 m ≤ ADNA < EUR 10 m | EUR 300 000 | EUR 1 250 000 | EUR 1 500 000 |
| Stock options | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 10 m ≤ ADNA < EUR 20 m | EUR 550 000 | EUR 2 500 000 | EUR 3 000 000 |
| Stock options | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 20 m | EUR 1 500 000 | EUR 5 000 000 | EUR 5 500 000 |
| Stock futures/forwards | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 5 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 250 000 |
| Stock futures/forwards | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 5 m ≤ ADNA < EUR 10 m | EUR 300 000 | EUR 1 250 000 | EUR 1 500 000 |
| Stock futures/forwards | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 10 m ≤ ADNA < EUR 20 m | EUR 550 000 | EUR 2 500 000 | EUR 3 000 000 |
| Stock futures/forwards | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | a stock future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 20 m | EUR 1 500 000 | EUR 5 000 000 | EUR 5 500 000 |
| Stock dividend options | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 5 m ADNA | EUR 25 000 | EUR 400 000 | EUR 450 000 |
| Stock dividend options | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 5 m ≤ ADNA < EUR 10 m | EUR 30 000 | EUR 500 000 | EUR 550 000 |
| Stock dividend options | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 10 m ≤ ADNA < EUR 20 m | EUR 100 000 | EUR 1 000 000 | EUR 1 500 000 |
| Stock dividend options | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 20 m | EUR 150 000 | EUR 2 000 000 | EUR 2 500 000 |
| Stock dividend futures/forwards | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 5 m ADNA | EUR 25 000 | EUR 400 000 | EUR 450 000 |
| Stock dividend futures/forwards | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 5 m ≤ ADNA < EUR 10 m | EUR 30 000 | EUR 500 000 | EUR 550 000 |
| Stock dividend futures/forwards | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 10 m ≤ ADNA < EUR 20 m | EUR 100 000 | EUR 1 000 000 | EUR 1 500 000 |
| Stock dividend futures/forwards | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | a stock dividend future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying share entitling to dividends | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 20 m | EUR 150 000 | EUR 2 000 000 | EUR 2 500 000 |
| Dividend index options | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 100 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 500 000 |
| Dividend index options | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 200 m | EUR 3 000 000 | EUR 25 000 000 | EUR 30 000 000 |
| Dividend index options | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 200 m ≤ ADNA < EUR 600 m | EUR 5 500 000 | EUR 50 000 000 | EUR 55 000 000 |
| Dividend index options | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 600 m | EUR 20 000 000 | EUR 150 000 000 | EUR 160 000 000 |
| Dividend index futures/forwards | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 100 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 500 000 |
| Dividend index futures/forwards | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 1 bn | EUR 550 000 | EUR 5 000 000 | EUR 5 500 000 |
| Dividend index futures/forwards | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 1 bn ≤ ADNA < EUR 3 bn | EUR 5 500 000 | EUR 50 000 000 | EUR 55 000 000 |
| Dividend index futures/forwards | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 3 bn ≤ ADNA < EUR 5 bn | EUR 20 000 000 | EUR 150 000 000 | EUR 160 000 000 |
| Dividend index futures/forwards | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | a dividend index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying dividend index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 5 bn | EUR 30 000 000 | EUR 250 000 000 | EUR 260 000 000 |
| Volatility index options | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 100 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 500 000 |
| Volatility index options | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 200 m | EUR 3 000 000 | EUR 25 000 000 | EUR 30 000 000 |
| Volatility index options | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 200 m ≤ ADNA < EUR 600 m | EUR 5 500 000 | EUR 50 000 000 | EUR 55 000 000 |
| Volatility index options | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 600 m | EUR 20 000 000 | EUR 150 000 000 | EUR 160 000 000 |
| Volatility index futures/forwards | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on instruments belonging to the sub-class | < EUR 100 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 500 000 |
| Volatility index futures/forwards | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 1 bn | EUR 550 000 | EUR 5 000 000 | EUR 5 500 000 |
| Volatility index futures/forwards | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on instruments belonging to the sub-class | EUR 1 bn ≤ ADNA < EUR 3 bn | EUR 5 500 000 | EUR 50 000 000 | EUR 55 000 000 |
| Volatility index futures/forwards | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on instruments belonging to the sub-class | EUR 3 bn ≤ ADNA < EUR 5 bn | EUR 20 000 000 | EUR 150 000 000 | EUR 160 000 000 |
| Volatility index futures/forwards | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | a volatility index future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying volatility index | calculation of thresholds should be performed for each sub-class considering the transactions executed on instruments belonging to the sub-class | ADNA ≥ EUR 5 bn | EUR 30 000 000 | EUR 250 000 000 | EUR 260 000 000 |
| ETF options | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 5 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 250 000 |
| ETF options | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 5 m ≤ ADNA < EUR 10 m | EUR 300 000 | EUR 1 250 000 | EUR 1 500 000 |
| ETF options | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 10 m ≤ ADNA < EUR 20 m | EUR 550 000 | EUR 2 500 000 | EUR 3 000 000 |
| ETF options | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF option sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 20 m | EUR 1 500 000 | EUR 5 000 000 | EUR 5 500 000 |
| ETF futures/forwards | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | < EUR 5 m ADNA | EUR 25 000 | EUR 1 000 000 | EUR 1 250 000 |
| ETF futures/forwards | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 5 m ≤ ADNA < EUR 10 m | EUR 300 000 | EUR 1 250 000 | EUR 1 500 000 |
| ETF futures/forwards | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 10 m ≤ ADNA < EUR 20 m | EUR 550 000 | EUR 2 500 000 | EUR 3 000 000 |
| ETF futures/forwards | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | an ETF future/forward sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying ETF | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 20 m | EUR 1 500 000 | EUR 5 000 000 | EUR 5 500 000 |
| Swaps | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 50 m ≤ ADNA < EUR 100 m | EUR 300 000 | EUR 1 250 000 | EUR 1 500 000 |
| Swaps | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 200 m | EUR 550 000 | EUR 2 500 000 | EUR 3 000 000 |
| Swaps | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | a swap sub-class is defined by the following segmentation criteria: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the swap defined as follows: | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 200 m | EUR 1 500 000 | EUR 5 000 000 | EUR 5 500 000 |
| Swaps | Price return basic performance parameter | Parameter return variance/volatility | Parameter return dividend | |||||
| Swaps | Maturity bucket 1: 0 < time to maturity ≤ 1 month | Maturity bucket 1: 0 < time to maturity ≤ 3 months | Maturity bucket 1: 0 < time to maturity ≤ 1 year | |||||
| Swaps | Maturity bucket 2: 1 month < time to maturity ≤ 3 months | Maturity bucket 2: 3 months < time to maturity ≤ 6 months | Maturity bucket 2: 1 year < time to maturity ≤ 2 years | |||||
| Swaps | Maturity bucket 3: 3 months < time to maturity ≤ 6 months | Maturity bucket 3: 6 months < time to maturity ≤ 1 year | Maturity bucket 3: 2 years < time to maturity ≤ 3 years | |||||
| Swaps | Maturity bucket 4: 6 months < time to maturity ≤ 1 year | Maturity bucket 4: 1 year < time to maturity ≤ 2 years | … | |||||
| Swaps | Maturity bucket 5: 1 year < time to maturity ≤ 2 years | Maturity bucket 5: 2 years < time to maturity ≤ 3 years | Maturity bucket m: (n-1) years < time to maturity ≤ n years | |||||
| Swaps | Maturity bucket 6: 2 years < time to maturity ≤ 3 years | … | ||||||
| Swaps | … | Maturity bucket m: (n-1) years < time to maturity ≤ n years | ||||||
| Swaps | Maturity bucket m: (n-1) years < time to maturity ≤ n years | |||||||
| Portfolio Swaps | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 50 m ≤ ADNA < EUR 100 m | EUR 300 000 | EUR 1 250 000 | EUR 1 500 000 |
| Portfolio Swaps | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | EUR 100 m ≤ ADNA < EUR 200 m | EUR 550 000 | EUR 2 500 000 | EUR 3 000 000 |
| Portfolio Swaps | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | calculation of thresholds should be performed for each sub-class considering the transactions executed on financial instruments belonging to the sub-class | ADNA ≥ EUR 200 m | EUR 1 500 000 | EUR 5 000 000 | EUR 5 500 000 |
| Portfolio Swaps | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years | a portfolio swap sub-class is defined by a specific combination of: Segmentation criterion 1 – underlying type: single name, index, basket Segmentation criterion 2 – underlying single name, index, basket Segmentation criterion 3 – parameter: price return basic performance parameter, parameter return dividend, parameter return variance, parameter return volatility Segmentation criterion 4 – time to maturity bucket of the portfolio swap defined as follows: Maturity bucket 1: 0 < time to maturity ≤ 1 month Maturity bucket 2: 1 month < time to maturity ≤ 3 months Maturity bucket 3: 3 months < time to maturity ≤ 6 months Maturity bucket 4: 6 months < time to maturity ≤ 1 year Maturity bucket 5: 1 year < time to maturity ≤ 2 years Maturity bucket 6: 2 years < time to maturity ≤ 3 years … Maturity bucket m: (n-1) years < time to maturity ≤ n years |
Table 6.3
Equity derivatives – pre-trade and post-trade SSTI and LIS thresholds for sub-classes determined not to have a liquid market
| Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives | Asset class – Equity Derivatives |
| Sub-asset class | Pre-trade and post-trade SSTI and LIS thresholds for the sub-classes determined not to have a liquid market | Pre-trade and post-trade SSTI and LIS thresholds for the sub-classes determined not to have a liquid market | Pre-trade and post-trade SSTI and LIS thresholds for the sub-classes determined not to have a liquid market |
| Sub-asset class | LIS pre-trade | SSTI post-trade | LIS post-trade |
| Sub-asset class | Threshold value | Threshold value | Threshold value |
| Swaps | EUR 25 000 | EUR 100 000 | EUR 150 000 |
| Portfolio Swaps | EUR 25 000 | EUR 100 000 | EUR 150 000 |
| Other equity derivatives | EUR 25 000 | EUR 100 000 | EUR 150 000 |
7. Commodity derivatives
Table 7.1
Commodity derivatives – classes not having a liquid market
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