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Description

Will the ECB Governing Council decide to raise the ECB Deposit Facility Rate at its next scheduled monetary policy meeting?

Market Specifications

Trading Screen Product Name

ECB Rate Decision - Raise Rates

Trading Screen Hub Name

ICEU

Contract

ECB Rate Decision - Raise Rates

Economic Event Proposition

Will the ECB Governing Council decide to raise the ECB Deposit Facility Rate at its next scheduled monetary policy meeting?

Economic Event

Next scheduled monetary policy meeting of the ECB Governing Council.

Contract Symbol

EUR

Reference Authority

European Central Bank (ECB) Governing Council

Currency

EUR €

Period Types Available

ECB Governing Council scheduled monetary policy meeting dates (generally eight per year, approximately every six weeks), currently available at the following link: ECB Europa Calendars

Delivery Month

The calendar months in which the decisions of the ECB Governing Council at its scheduled monetary policy meetings are to be published.

Contract Size

€100.00

Unit of Trading

One lot is one contract, each settling at 0.00 or 1.00 EDSP and having a cash value on Final Settlement equal to the EDSP multiplied by the Contract Multiplier.

Price Quotation

EUR per contract, quoted in 0.01 increments between 0.01 and 0.99

Minimum price movement (tick size and value)

€0.01 (one cent) per contract.

Minimum Tick

€1 per contract

Minimum EDSP Price Increment

0.00 or 1.00

Price Limits

0.01 floor / 0.99 cap

Last Trading Day

14:10 CET on date of publication of the ECB Governing Council’s decision taken at the Event.

Block Trade Eligible

Yes

Settlement Date

T+1 (one business day following the Last Trading Day of the relevant Delivery Month)

EDSP / Settlement Methodology

1.00: Economic Event Outcome is an affirmative answer to the Economic Event Proposition

0.00: Economic Event Outcome is a negative answer to the Economic Event Proposition.

Economic Event Outcome

Affirmative: ECB Governing Council decides at its next scheduled monetary policy meeting to lower ECB Deposit Facility Rate compared to that in force prior to the Event

Negative: The ECB Governing Council decides at its next scheduled monetary policy meeting to either keep unchanged or raise the ECB Deposit Facility Rate compared to that in force prior to the Event.

ECB Decision Publication Time

14:15 CET on the last day of (or the day of, where the meeting is held for one day) the scheduled ECB Governing Council monetary policy meeting.

Instructions / Data Access

Press releases of the ECB Governing Council’s monetary policy decisions, currently available at the following link: Monetary Policy Decisions

MIC Code

IFLL

Clearing Venues

ICEU

Related Products

• BOE MPC Rate Decision - Lower Rates
• BOE MPC Rate Decision - Raise
• BOE MPC Rate Decision - Unchanged
• ECB Rate Decision - Lower Rates
• ECB Rate Decision - Unchanged Rates

Trading Hours

Codes