Reference Book - Euronext - Liffe Amsterdam Dec04 PDF

Reference Book – Euronext.
liffe Amsterdam Derivatives

Contents
●
●
● 1 Contract Specifications – Options & Futures 8
1.1 Equity options 8
1.1.1 Equity options on Dutch shares 10
1.1.2 Equity options on non-Dutch shares 12
1.2 Index options 14
1.2.1 AEX-index® options 14
1.2.2 Light AEX-index® options 15
1.3 Currency options 18
1.3.1 US dollar / Euro options 18
1.3.2 Euro / US dollar options 19
1.4 Index futures 20
1.4.1 AEX-index® futures 20
1.4.2 Light AEX-index® futures 21
1.5 Currency futures 22
1.5.1 US dollar / Euro futures 22
1.5.2 Euro / US dollar futures 23
●
●
● 2 Contract Specifications – Commodity Derivatives 24
2.1 Potato futures 24
2.2 Options on potato futures 26

●
●
● 3 Prof Trade Facility 27
3.1 Introduction 27
3.2 Prof Trades 27
3.3 Euronext.liffe’s Prof Trade Facility offers 27
3.4 Participants in the Prof Trade Facility 28
●
●
● 4 Transaction fees – Euronext.liffe Amsterdam 29
4.1 Option classes traded on the central market and Prof Trades 29
4.2 Futures traded on the central market and Prof Trades 29
4.3 Fee Incentive Schemes for German equity options and Nokia 30
4.4 Transaction and settlement fees for commodity derivatives 30
●
●
● 5 Members and procedures – Options 31
5.1 Members of Euronext.liffe Amsterdam 31
5.2 Clearing 31
5.3 Exercise, assignment and delivery 31
5.4 Complaints Committee 32
5.5 Delta Neutral Trades 32
5.6 Criteria and trading rules Series-on-Request for options 33
5.7 Euronext Information Services 34

●
●
● 6 Members and procedures – Futures 36
6.1 Members of Euronext.liffe Amsterdam 36
6.2 Tenders and deliveries 36
6.3 Complaints Committee 36
Appendix A Key figures of underlying values 38
Yearly highs and lows of underlying values 38
Average daily turnover and open interest in options 39
Appendix B Members of Euronext.liffe Amsterdam 41
Appendix C Expiration months scheme 48
Appendix D Trading calendar for 2004 60

Preface
It is our pleasure to present you a copy of the ‘Reference Book – Euronext.liffe
Amsterdam Derivatives’.The latest version of this Reference Book is published
on www.euronext.com > Tools & Services > Documents Centre > General
Documentation.The Reference Book contains contract specifications of all
options and futures traded at Euronext.liffe Amsterdam*, as well as information
on transaction fees, participants, procedures and the Prof Trade Facility.
One Exchange – One Trading Platform
Euronext.liffe migrated successfully to the LIFFE CONNECT ® trading system.

Euronext.liffe created a single market for derivatives, by bringing all its derivatives
products together on one electronic trading platform – LIFFE CONNECT ®.
Euronext.liffe contracts are now traded on the same platform in London, Brussels,
Paris, Lisbon and Amsterdam.The migration from the Switch trading system to
LIFFE CONNECT ® brings material consequences for the operation and regulation
of Euronext.liffe Amsterdam:
• The deletion of the requirement for brokers to furnish to prospective clients the
explanatory memorandum (options and futures), in Dutch “het Officieel Bericht”.
Following the migration each member may provide the information about
derivative products it deems necessary and/or is required by law.
As a free service to its members Euronext.liffe Amsterdam shall continue to issue
the information, which used to be included in the explanatory memorandum
“het Officieel Bericht” until further notice.
• The deletion of the requirement for brokers to require their clients to provide
margin as determined by Euronext.liffe Amsterdam, the so-called “Public Margins”.
Following the migration to LIFFE CONNECT ® brokers will be free to set their
own standards on margins required as they deem necessary and/or is required
by law.
As a free service to its members, Euronext.liffe Amsterdam will continue to
calculate the former Public Margins on a monthly basis until further notice.
These (non-mandatory) margins are published via Amsterdam Info Flashes,
via the monthly Euronext.liffe Bulletin, and on www.euronext.com.
• The deletion of the requirement to report position and exercise limits to

Euronext.liffe Amsterdam.
* In this brochure:
– ‘Euronext.liffe’ refers to the combined Euronext derivatives markets in
Amsterdam, Brussels, Paris, Lisbon and the LIFFE market in London.
– ‘Euronext.liffe Amsterdam’ refers to the derivatives operation in Amsterdam,
i.e. the Euronext Amsterdam Derivative Markets.
For further information please contact the Account Management department:

Euronext N.V.
Amsterdam Sales & Account Management Department
P.O.Box 19163
1000 GD Amsterdam
The Netherlands
Tel. + 31 (0)20 550 6315
Fax + 31 (0)20 550 4950
8 Reference Book – Euronext.liffe Amsterdam Derivatives
●
● Contract Specifications – Options & Futures
● 1
● 1.1 Equity options
Underlying value Euronext Security Reuters Bloomberg Introduction ISIN code

symbol code code code date
ABN AMRO Holding AAB 30110 AAH.AS AABA NA 27-08-1990 NL0000301109

Aegon AGN 30176 AEGN.AS AGN NA 29-05-1984 NL0000301760
Air France - KLM AFA 00965 AIRF.AS AFA NA 5-05-2004 FR0000031122
Kon. Ahold AH 33181 AHLN.AS AHLN NA 18-07-1983 NL0000331817
Akzo Nobel AKZ 00913 AKZO.AS AKZA NA 26-06-1978 NL0000009132
ASML Holding ASL 33436 ASML.AS ASML NA 17-02-1998 NL0000334365
ASM International ASM 33411 ASMI.AS ASM NA 25-07-2000 NL0000334118
Buhrmann BHR 34313 BUHR.AS BUHR NA 1-05-1987 NL0000343135
Corio CIO 28896 COR.AS CORA NA 9-01-2004 NL0000288967
Corus Group plc COS 47930 CS.L CSI LN 6-10-1999 GB0008280538
CSM CSM 34426 CSMNc.AS CSMNC NA 31-08-1990 NL0000344265
DaimlerChrysler DC 00516 DCXGn.DE DCX LN 7-03-2000 DE0007100000
Deutsche Bank DEB 00839 DBKGn.DE DBK GR 7-03-2000 DE0005140008
Draka Holding DRK 34781 DRAK.AS DRAK NA 8-07-2002 NL0000347813
DSM DSM 00976 DSMN.AS DSMA NA 28-02-1989 NL0000009761
Deutsche Telekom DTL 00535 DTEGn.DE DTE GR 7-03-2000 DE0005557508
Fortis FOR 30086 FBVA.AS FOR NA 21-01-1986 BE0003801181
Fugro FUR 35253 FUGRc.AS FUGR NA 8-07-2002 NL0000352532
Getronics GTN 35592 GVKN.AS GTN NA 2-07-1992 NL0000355923
Hunter Douglas HDG 41861 HUDN.AS HUDN NA 2-07-1992 ANN4327C1220
Heineken Holding HEH 00895 HEHN.AS HEHN NA 27-01-2003 NL0000008951
Heineken HEI 00916 HEIN.AS HEIA NA 28-01-1980 NL0000009165
Hagemeyer HGM 35547 HAGN.AS HAGN NA 2-07-1992 NL0000355477
IHC Caland IHC 36058 IHCN.AS IHCN NA 7-07-1993 NL0000360584
ING Groep ING 30360 ING.AS INGA NA 4-03-1991 NL0000303600
Kon. KPN KPN 00908 KPN.AS KPN NA 13-06-1994 NL0000009082
Laurus LAU 34074 LAUR.AS LAU NA 25-07-2000 NL0000340750
LogicaCMG LC 43050 LOG.AS LOGA NA 13-03-2004 GB0005227086
Van der Moolen Holding MOO 37017 VDMN.AS VDMN NA 9-03-1999 NL0000370179
Nokia NAI 37181 NOK1V.HE NOK1V FH 7-03-2000 FI 0009000681
Kon. Numico NUM 37561 NUMCc.AS NUTV NA 2-07-1992 NL0000375616
Nutreco Holding NUO 37540 NUTR.AS NUT NA 9-03-1999 NL0000375400
Reference Book – Euronext.liffe Amsterdam Derivatives 9
Underlying value Euronext Security Reuters Bloomberg Introduction ISIN code

symbol code code code date
Océ OCE 35493 OCEN.AS OCEN NA 22-09-1992 NL0000354934

Ordina ORD 44058 ORDN.AS ORDN NA 25-07-2000 NL0000440584
Kon. Philips Electronics PHI 00953 PHG.AS PHIA NA 4-04-1978 NL0000009538
Pink Roccade PNK 37706 PROC.AS PINK NA 8-07-2002 NL0000377067
Kon. P&O NedLloyd RPN 00998 NLYN.AS RPNA NA 19-04-2004 NL0000009983
Rodamco Europe REU 28932 RDMB.AS RCEA NA 9-01-2004 NL0000289320
Royal Dutch RD 00947 RD.AS RDA NA 4-04-1978 NL0000009470
Reed Elsevier REN 34948 ELSN.AS REN NA 8-09-1986 NL0000349488
Randstad Holding RND 37912 RAND.AS RSTD NA 17-02-1998 NL0000379121
Stork STO 39066 VMFN.AS VMFN NA 31-08-1990 NL0000390664
TPG TPG 00905 TP.AS TPG NA 29-06-1998 NL0000009058
Unilever UN 00934 UN.AS UNA NA 4-04-1978 NL0000009348
Vedior VDR 39085 VDOR.AS VEDR NA 9-03-1999 NL0000390854
VNU VNU 38987 VNUN.AS VNUA NA 25-06-1991 NL0000389872
Versatel Telecom International VRS 39126 VERS.AS VRSA NA 12-03-2004 NL0000391266
Kon. Vopak VPK 39300 VOPA.AS VPK NA 4-11-1999 NL0000393007
Wereldhave WHV 28921 WEHA.AS WEHA NA 9-01-2004 NL0000289213
Kon. Wessanen WES 39530 BSWSc.AS WES NA 22-06-1988 NL0000395309
Wolters Kluwer WKL 39588 WLSNc.AS WLSNC NA 2-07-1992 NL0000395887
1.1.1 Contract specifications of equity options on Dutch shares
Contract size 100 shares
Trading unit 100
Pricing unit In euros per share
Currency Euro
Option price Premium x trading unit
Tick size EUR 0.05 (= EUR 5 per contract)1
Trading hours 9.00 a.m. – 5.25 p.m. CET
Option type American style 2
Expiry months See page 13 and appendix C
Last day of trading Until 5.25 p.m. CET on the third Friday of the expiration
month, provided this is a business day. If not, the last day of
trading is the last business day preceding the third Friday in the
expiration month.
Settlement Delivery of 100 shares through the settlement system of

LCH.Clearnet S.A.
Clearing organisation LCH.Clearnet S.A.
1 For COS EUR 0.01 (= EUR 1 per contract)

2 Holders of long positions are entitled to exercise their options before the expiration date.
Please note New option classes may be listed as a result of corporate

actions. Different contract specifications apply to these option
classes.
Option Training
class unit
AHO 18
DRO 14
HEQ 31
HEX 25
HHO 25
KLO 15
KPO 2
KPX 3
LAQ 28
LAZ 13
1.1.2 Contract specifications of equity options on non-Dutch shares
Contract size 100 shares
Trading unit 100
Pricing unit NAI, DC, DEB, DTL : In euros per share
Currency NAI, DC, DEB, DTL : Euros
Tick size NAI, DC, DEB, DTL : EUR 0.05 (= EUR 5 per contract)
Trading hours NAI, DC, DEB, DTL : 9.00 a.m. – 5.25 p.m. CET
Option type American style 1
Expiry months See page 13 and appendix C
month, provided that the stock exchange where the underlying
price is established is open for normal, regulated trading on
that day. If this is not the case or if that day is not a business
day, the last day of trading is the last business day preceding the
third Friday in the expiration month.
Settlement Delivery of 100 shares through the settlement system of

LCH.Clearnet S.A.
1 Holders of long positions are entitled to exercise their options before the expiration date.
Expiration months for equity options
With effect from 20 October 2003 Euronext.liffe Amsterdam has changed the expiration cycle
for equity and index option classes and index futures from the January, April, July, October
(JAJO) quarterly cycle to the March, June, September, December (MJSD) quarterly cycle.
New expiration months will be introduced under the MJSD cycle.
Please refer for a detailed information on the expiration months schedule for equity and index
options; equity and index futures to appendix C.
Trading symbol Initial lifetime Cycle

(months)
AAB FOR PHI 1, 2, 3 every month

AGN ING RD 6, 9, 12 March, June, September, December
AH KPN UN 18 June, December
ASL 24, 36, 48, 60 December
AKZ GTN TPG 1, 2, 3 every month

DSM NUM WKL 6, 9 March, June, September, December
HEI REN 12, 18 June, December
24, 36, 48, 60 December
BHR MOO VNU 1, 2, 3 every month

6, 9 March, June, September, December
12, 18 June, December
24 December
DC DEB DTL 1, 2, 3 every month

NAI 6,9 March, June, September, December
AFA HGM RND 3, 6, 9 March, June, September, December

ASM IHC RPN
COS LAU STO
CSM LC VDR
DRK NUO VPK
FUR OCE VRS
HDG ORD WES
HEH PNK
CIO REU WHV 3, 6, 9, 12 March, June, September, December

● 1.2 Index options
1.2.1 AEX-index® options
Euronext symbol AEX
Reuters code AEX*.E and AEXI*.E
Contract size EUR 100 x the level of the AEX-index®
Trading unit 100
Pricing unit In euros per index point
Currency Euro
Tick size EUR 0.05 (= EUR 5 per contract)
Option type European style 1
Expiry months See appendix C
expiration month.
Settlement Cash settlement on the last business day based on the average
of values of the AEX-index® calculated at one-minute intervals
between 3.30 p.m. to 4.00 p.m. CET.
1 Holders of long positions are not entitled to exercise their options before the expiration date.
1.2.2 Light AEX-index® options
Euronext symbol AEL
Reuters code AEXL*.E and AEXLI*.E
Contract size EUR100 x 1/10 level of the AEX-index®
Trading unit 100
Pricing unit In euros per 10 index points
Currency Euro
Tick size EUR 0.05 (= EUR 5 per contract)
Last day of trading Until 4.00 p.m. CET on the third Friday of the expiry months,
provided this is a business day. If not, the last day of trading is
the last business day preceding the third Friday in the expiry
months.
Settlement Cash settlement, based on the positive difference between the

exercise price and the settlement rate. The settlement rate is
equal to the settlement rate of the AEX-index® option (AEX)
divided by 10.This value will be rounded off to two decimal
places.
1 Holders of long positions are not entitled to exercise their options before the expiration date.
Composition of the AEX-index®
The AEX-index® is a weighted index based on the prices of shares in 25 leading companies listed
on Euronext Amsterdam N.V. The composition of the AEX-index® can be considered
representative of general trends on the stock market of Euronext Amsterdam N.V.
The securities included in the AEX-index® are selected on the basis of turnover in these shares on
Euronext Amsterdam. In order to qualify for inclusion in the index, the turnover in a security at
Euronext Amsterdam should be at least equal to 20%1 of the total number of shares issued,
calculated over the course of the previous calendar year. The weighting of each security in the
AEX-index® is determined on the basis of the company’s market capitalisation at the time the
index is compiled or periodically adjusted. The market capitalisation will be adjusted in
accordance with the following rules if part of the issued share capital of a company is not freely
available for trading (i.e. the free float is restricted):
– If the free float of a security is less than or equal to 50% but greater than 25%, 50% of the
market capitalisation will be taken into account for the purpose of determining the weight.
– If the free float of a security is less than or equal to 75% but greater than 50%, 75% of the
market capitalisation will be taken into account for the purpose of determining the weight.
– If the free float is greater than 75%, the total market capitalisation will be taken into account for
the purpose of determining the weight.
– If the free float of a security is less than 25%, the security will not be included in the index
unless the free float equals, or is greater than, the free float of the security which ranks 25th
on Euronext Amsterdam in terms of free float market capitalisation.
– If a security having a free float of less than 25% is included in the index in accordance with
the above, 25% of the market capitalisation will be taken into account for the purpose of
determining the weight.
The maximum weighting of a security in the index is 15% at the time of periodic adjustment.
The weighting of each security is expressed in the number of shares included in the AEX-index®.
The number of shares required according to the weighting is generally rounded off to the nearest
whole number.
The AEX-index® may be revised to take account of stock dividends, stock splits,
bonus issues or rights issues. However, the AEX-index® will not be revised if in such a
situation the impact of revision on the index would amount to less than 0.01 index
point.
The settlement value for options and futures on the AEX-index® is calculated on the last day of
trading of the expiration month on the basis of the average of the levels calculated prices quoted
for the AEX-index® at one-minute intervals between 3.30 and 4.00 p.m. CET.
The rules of the AEX-index® are available on request from the Euronext Information Point (EIP)
tel. +31 (0) 20 550 5555.
The AEX-index® is calculated as follows:
1. Multiply the last price of each security in the index by that security’s weighting.
2. Add up the twenty-five results.
3. Divide the sum of 2) by 100.
110% as from 1 November 2004, please refer to Euronext announcement 2004-086.

The composition of the AEX-index® as at 1 July 2004 was:
Company Symbol % - weight Closing Market Shares
ABN AMRO HOLDING AAB 10.29 17.97 3,558.06 198.00

AEGON AGN 5.94 10.02 2,054.10 205.00
AHOLD KON AH 3.95 6.50 1,365.00 210.00
AKZO NOBEL AKZ 3.34 30.39 1,154.82 38.00
ASML HOLDING ASL 2.73 13.90 945.20 68.00
BUHRMANN BHR 0.43 8.29 149.22 18.00
DSM DSM 1.52 40.46 525.98 13.00
FORTIS FOR 9.22 18.22 3,188.50 175.00
GETRONICS GTN 0.45 2.24 154.56 69.00
HEINEKEN HEI 2.66 27.22 918.68 33.75
HAGEMEYER HGM 0.34 1.76 117.92 67.00
IHC CALAND IHC 0.51 39.14 176.13 4.50
ING GROEP ING 10.15 19.40 3,511.40 181.00
KPN KON KPN 6.14 6.26 2,122.14 339.00
VAN DER MOOLEN MOO 0.09 5.95 29.75 5.00
NUMICO NUM 1.75 26.32 605.36 23.00
PHILIPS KON PHI 9.49 22.18 3,282.64 148.00
ROYAL DUTCH RD 11.00 42.29 3,806.10 90.00
REED ELSEVIER REN 3.18 11.59 1,101.05 95.00
TPG TPG 2.61 18.41 902.09 49.00
UNILEVER UN 9.89 56.10 3,422.10 61.00
VNU VNU 2.37 24.06 818.04 34.00
VERSATEL VRS 0.26 1.50 90.00 60.00
WOLTERS KLUWER WKL 1.70 15.08 588.12 39.00
The level of the AEX-index® as at 1 July 2004 was 34,586.96/100 = 345.87
AEX-index® composition on Reuters terminals
Further information about the AEX-index® can be found on the following Reuters pages:
Page EOEC: the current composition of the AEX-index®.

● 1.3 Currency options
1.3.1 US dollar / Euro options
Euronext symbol DEX
Reuters code DEX*.E
Contract size USD 10,000
Trading unit 100
Pricing unit In euros per USD 100

(EUR 0.01 of the exchange rate represents EUR 100 per contract)
Currency Euro
Tick size EUR 0.05 per USD 100 (= EUR 5 per contract)
Expiry months 1) Initial lifetime: 1, 2, and 3 months

Cycle: all months
2) Initial lifetime: 6, 9 and 12 months
Cycle: March, June, September and December
3) Initial lifetime: 3 years
Cycle: September
Last day of trading Trading in expiring currency derivatives that have the EuroFX
rate as their settlement basis ends at 1 p.m. CET on the third
Friday of the expiration month, provided this is a business day.
If it is not, the previous business day will be the last day of
trading.
Settlement EuroFX rate contracts: Cash settlement, based on the value of

the euro / US dollar rate set by EuroFX at 1 p.m. CET.
For DEX, the inverse value of the EuroFX euro / US dollar rate
is used and rounded off to four decimal places.
1 Holders of long positions are not entitled to exercise their options before the exercise date.
1.3.2 Euro / US dollar options
Euronext symbol EDX
Reuters code EDX*.E
Contract size EUR 10,000
Trading unit 100
Pricing unit US dollars per EUR 100

(USD 0.01 of the exchange rate represents USD 100 per contract)
Currency US dollar
Tick size USD 0.05 per EUR 100 (= USD 5 per contract)
Expiry months 1) Initial lifetime: 1, 2, and 3 months

Cycle: all months
Cycle: September
rate as their settlement basis ends at 1 p.m. CET on the third
Friday of the expiration month, provided this is a business day.
If it is not, the previous business day will be the last day of
trading.

the euro / US dollar rate set by EuroFX at 1 p.m. CET.
1 Holders of the long positions are not entitled to exercise their options before the expiration date.
● 1.4 Index futures
1.4.1 AEX-index® futures
Euronext symbol FTI
Reuters code AEX
Contract size EUR 200 x the level of the AEX-index®
Trading unit 200
Pricing unit In points (each full point = EUR 200 per contract)
Currency Euro
Tick size 0.05 points (= EUR 10 per contract)
expiration month.
Settlement Cash settlement on the last business day based on the average
of level of the AEX-index® calculated at one-minute intervals
from 3.30 p.m. to 4.00 p.m. CET.

1.4.2 Light AEX-index® futures
Euronext symbol FTL
Reuters code FTIL:
Contract size EUR 200 x 1/10 level of the AEX-index®
Trading unit 200
Pricing unit In points, 1/10 level of the AEX-index®

(each full point = EUR 20 per contract)
Currency Euro
Tick size 0.05 points (= EUR 10 per contract)
expiration month.
Settlement Cash settlement at the settlement rate. The settlement rate is

equal to the settlement rate of the AEX-index® future (FTI)
divided by 10. This price is rounded off to two decimal places.

● 1.5 Currency futures
1.5.1 US dollar / Euro futures
Euronext symbol FDE
Reuters code FDE:
Contract size USD 20,000
Trading unit 200
Pricing unit In euros per USD 100

(EUR 0.01 of the exchange rate represents EUR 200 per contract)
Currency Euro
Tick size EUR 0.05 per USD 100 (= EUR 10 per contract)
Expiry months: 1) Initial lifetime: 1, 2 and 3 months

Cycle: Every month
Cycle: September
rate as their settlement basis will end at 1 p.m. CET on the
third Friday of the expiration month, provided this is a business
day. If it is not, the previous business day will be the last day of
trading.

the euro / US dollar rate set by EuroFX at 1 p.m. CET. For FDE,
the inverse value of the EuroFX euro / US dollar rate is used
and rounded off to four decimal places.

1.5.2 Euro / US dollar futures
Euronext symbol FED
Reuters code EDX:
Contract size EUR 20,000
Trading unit 200
Pricing unit In US dollars per EUR 100

(USD 0.01 of the exchange rate represents USD 200 per contract)
Currency US dollar
Tick size USD 0.05 per EUR 100 (= USD 10 per contract)
Expiry months 1) Initial lifetime: 1, 2 and 3 months

Cycle: Every month
Cycle: September
rate as their settlement basis will end at 1 p.m. CET on the
third Friday of the expiration month, provided this is a business
day. If it is not, the previous business day will be the last day of
trading.

the euro / US dollar rate set by EuroFX 1 at p.m. CET.
Clearing organisation LHC.Clearnet S.A.

●
● Contract
● 2 Specifications –
Commodity Derivatives
● 2.1 Potato futures
Euronext symbol FAP
Reuters code AEX/FUTEX2
Unit of trading 25 tonnes
Quality The potatoes must be of the varieties Bintje, Asterix,

Maritiema, Agria,Victoria or Arcade and suitable for french
fries
The potatoes must meet the following requirements:
a. A tuber count of a maximum of 65 tubers per
10 kilogrammes
b. Minimum size equivalent to a 40 mm riddle and with no
maximum
c. An underwater weight of a minimum of 360 grammes
(in special circumstances Euronext.liffe Amsterdam can
determine a different underwater weight.)
d. A frying colour grade of maximum 4
e. Maximum 8 class 3 french fries
f. Maximum 50 points
(d), (e) and (f) are based on the rules of the ‘Commissie
Kwaliteitskeuring Aardappelen’ (CKA II) of the
‘Hoofdproductschap Aardappelen’ (HPA). For full details
please refer to www.euronext.com website
Delivery months April 2005 and June 2005
Price Basis - Euro per 100 kg

- Ex works, loose, loaded on a bulk trailer, in one of the
following areas:
- Netherlands
- Belgium
- Germany, in one of the following federal states:
Lower Saxony, North Rhine-Westphalia
- France, in one of the following ‘Départements’ (number):
Aisne (2), Ardennes (8), Marne (51), Nord (59), Oise (60),
Pas-de-Calais (62), Seine-Maritime (76) or Somme (80).
- Excluding VAT
Minimun price
movement
(thick size & value) 5 Eurocent per 100 kg (€ 12.50 per contract)
Last trading day Thursday, 28 April 2005 and Thursday, 16 June 2005
Trading hours 10.00 a.m. - 3.30 p.m. Amsterdam time
Contract standard Cash settlement based on the settlement price calculated by

Euronext.liffe Amsterdam, as described in Euronext
announcement 2004-024
SPAN margin
parameters As determined by LCH.Clearnet S.A.

● 2.2 Options on potato futures
Euronext symbol OPA
Reuters code OPTEX8
Contract size 1 potato futures contract
Trading unit 250
Price basis Euro per 100 kg
Minimum price movement

(tick size & value) € 0.05 per 100 kg (EUR12,50 per contract)
Exercise price interval 1.00 Euro
Trading hours 10.15 a.m. to 3.25 p.m. Amsterdam time
Option style American style
Expiry month April and June
Expiry date Until 15.25 p.m. Amsterdam time on the third Friday of the
april expiration month and on the first Friday of the June
expiration month, provided these are business days. If not a
business day then the first business day immediately preceding.
Exercise prices For both call options and put options: at least three series
in the money and at least three series out of the money
Settlement Delivery of one FAP potato future contract with

corresponding delivery month through LCH.Clearnet S.A.
SPAN margin parameters As determined by LCH.Clearnet S.A.

●
● Prof Trade Facility
● 3
● 3.1 Introduction
Professional investors, such as pension funds, insurance companies and trading desks at
investment banks have different needs from private investors when it comes to derivatives
trading. Professional investors want to be able to process large orders without disrupting prices.
The over-the-counter (OTC) market does offer possibilities, but here users have a certain
degree of counterparty risk.That is why professional investors use the Prof Trade Facility,
developed by Euronext.liffe.The Prof Trade Facility is a Wholesale Facility that combines the
freedom of the OTC market with the security of guaranteed settlement, meeting a key need of
professional investors. Prof Trades can be entered as a trade in a single series at one price with
one counterparty. It is also possible to trade one Prof Trade over different series in the class at
different prices against different counterparties. In this way it is possible to trade any
combination of series within a class. It is also possible to trade at different prices in one series
and it is possible to trade with different counterparties.This gives the professional investor
ultimate flexibility.The Prof Trade Facility is currently available for all Euronext.liffe Amsterdam
Individual Equity Options, Index Derivatives (options and futures) and Currency Derivatives
(options and futures).
● 3.2 Prof Trades
The Prof Trade Facility combines the benefits of the regulated market with those of the OTC
market, and involves no counterparty risks as they are guaranteed and cleared by the Clearing
House, LCH.Clearnet S.A. Prof Trades therefore provide the assurance that the rights and
obligations resulting from a transaction will be settled properly.
● 3.3 Euronext.liffe’s Prof Trade Facility offers:
• Transactions concluded away from the central market

• No counterparty risk
• Standard contract specifications
• Large orders can be processed without disrupting prices
• No restrictions on traded prices
• One price for entire order
• Included in exchange’s open interest
• Contracts interchangeable with those concluded on the regulated central market
• No additional administrative activities
• Anonymous publication of Prof Trade details
• Prof Trades available for Series on Request
● 3.4 Participants in the Prof Trade Facility

The following parties may participate in Prof Trades:
• Professional investors that are not Members of Euronext.liffe Amsterdam are only allowed to
trade Prof Trades for their own account.
• Professional investors that are members of Euronext.liffe Amsterdam in the capacity of
Dealer are only allowed to trade Prof Trades for their own account.
• Professional investors that are members of Euronext.liffe Amsterdam in the capacity of
Broker can trade Prof Trades for their own account and for the account of others, provided
that the clients for which they act as intermediary meet the following conditions:
• The client is a professional investor
(Additional Rules on the Supervision of Securities 2002, article 43), or
• The client is a non-professional investor and the client agreement (as prescribed in the
Additional Rules on the Supervision of Securities 2002, article 27 (1) (c)), concluded with
the non-professional investor permits trading of Prof Trades. Only Brokers can act as
intermediaries in Prof Trades for clients. If they do this, they must be able to present
evidence on demand to Euronext.liffe Amsterdam that the client meets the above
mentioned conditions. Brokers can only process Prof Trades if explicitly approved by the
principal.
For detailed information on Prof Trades please order the Prof Trade Facility Brochure and contact:
Euronext.liffe Market Services
tel. +31 (0)20 550 5050
●
● Transaction fees – Euronext.liffe Amsterdam
● 4
● 4.1 Option classes traded on the central market and Prof Trades
Options Transaction fee

(central market trades and Prof Trades) (including LCH.Clearnet S.A. fee)
Liquidity provider Broker Dealer

and preferential (client account) (own account)
classes
Equity options €0.10 €0.80 €0.20
Index options premium < € 0.05 €0.00

(AEX: contract size 100) premium € 0.06 - € 0.65 €0.10 €0.80 €0.20
premium > € 0.65 €1.35
Index options premium < € 0.05 €0.00

€0.10 €0.20
(AEL: contract size 10) premium > € 0.05 €0.80
Currency options premium < € 0.05/ $0.05 €0.00

€0.10 €0.20
premium > € 0.05/ $0.05 €0.45
Maximum fee per order

€50 €200 €100
(including combination orders)
● 4.2 Futures traded on the central market and Prof Trades
Futures Transaction fee

(central market trades and Prof Trades) (including LCH.Clearnet S.A. fee)
Broker Dealer
(client account) (own account)
Index futures (FTI: contract size 200) and currency futures €1.10 €0.45
Index futures (FTL: contract size 20) €0.55 €0.25
Maximum fee per order (including combination orders) €200 €100
Note
1. Liquidity providers pay the liquidity provider fee in the Euronext Class Combinations they
are assigned to (up to €50 per order) and the member own account fee in all other option
classes (up to €100 per order).
2. Combination orders are charged per single option class or per single future class.
3. The initiator's order must comply with the minimum order size (250 contracts).
● 4.3 Fee Incentive Schemes for German equity options and Nokia
Special transaction fees (including clearing fees) in effect until 31 December 2004
From 1 October 2003 to 31 December 2004 the following fees will apply for transactions in all
German equity options and Nokia options listed on Euronext.liffe Amsterdam.
Broker Member
(client account) (own account)
Central market ● EUR 0.20 per contract ● EUR 0.20 per contract
transactions ● Maximum fee of € 200 per ● Maximum fee of € 100 per
order order*
Prof Trades ● Capped fee of € 200 per ● Fixed fee of € 100 per
order (regardless of number order (regardless of number
of contracts traded) of contracts traded)
* The standard fee for designated traders (including PMMs and CMMs) is € 0.10 per contract
and the maximum fee per transaction is € 50.
Special exercise and assignment fee until 31 December 2004

An exercise and assignment fee of EUR 0.20 per contract will apply for all members from
1 October 2003 to 31 December 2004.
● 4.4 Transaction and settlement fees for commodity derivatives
Fees are one-way transaction and clearing fees in Euros applicable to FAP potato futures and to
OPA options with 2005 expiry months.
Broker Dealer Dealer (PMM)
Opties Transaction fee 1,50 0,17 0,07 (1)

Clearing fee 0,75 0,75 0,75 (2)
Exercise- and assignment fee 2,25 (3) 2,25 (3) 2,25 (3)
Futures Transaction fee 3,00 0,58 0,29 (1) (5)

Clearing fee 0,75 0,75 0,75 (2) (5)
Tender- and Assignment fee 11,50 (4) 11,50 (4) 11,50 (4) (5)
Notes:
(1) Fee Holiday for PMM will apply until 31 December 2004
(2) Fee Holiday for PMM will apply until 31 December 2004, as agreed with LCH.Clearnet S.A.
(3) The maximum fee is €500 per individual exercise or assignment
(4) The maximum fee is €4,500 per individual tender or assignment (a refund will be granted
under conditions set by LCH.Clearnet S.A.).
(5) Dealer PMM fees for futures are the fees payable by the PMM appointed for the potato
options contract in respect of his related activities in the potato futures contract
●
● Members and procedures – Options
● 5
● 5.1 Members of Euronext.liffe Amsterdam
Persons may apply for Euronext Derivatives Membership as a Broker and/or a Dealer.
– Brokers
are entitled to trade only for third parties, including other Euronext Derivatives Members.
– Dealers
are entitled to trade for their own account.
– Primary market maker (PMM)

PMMs are dealers who are required to maintain the market in all series in a combination of
option classes (Euronext Class Combination).
– Competitive market maker (CMM)

CMMs are dealers who are required to maintain the market in specified series in a
combination of option classes (Euronext Class Combination).
– Broker/Dealers
combination of broker and dealer capacities.
– Clearing member (CM)

Clearing members shall act in their own name but at the order and for the account of a
customer. Clearing members shall hold positions at the order and for the account of their
customer. Clearing members handle the administrative and financial settlement of transactions
and guarantee that all obligations will be met.
● 5.2 Clearing
LCH.Clearnet S.A. clears all options and futures at Euronext.liffe Amsterdam.
● 5.3 Exercise, assignment and delivery
The exercise cut-off time:

– regular (non-expiry days) 6.45 p.m. CET
– expiry days 8.00 p.m. CET
● 5.4 Complaints Committee
Persons who believe that the losses they have incurred are directly related to the actions or
the negligence of an admitted institution member of Euronext.liffe Amsterdam may make a
complaint. Complaints must be submitted in writing to:
Dutch Securities Institute – Complaints Committee

P.O. Box 3861
1001 AR Amsterdam
The Netherlands
Tel. +31 (0) 20 420 9102
Fax +31 (0) 20 620 1216
● 5.5 Delta Neutral Trades
Delta Neutral trades are strategy trades involving the simultaneous execution of a number
of orders for various options and futures legs or shares. In order to make sure that Delta
Neutral trades are traded in a consistent and orderly manner, Euronext.liffe Amsterdam has
set mandatory trading procedures. The mandatory trading procedures are described in the
Trading Procedures Part I, rule 3.9. of Euronext.liffe Amsterdam.
● 5.6 Criteria and trading rules Series-on-Request for options
Series-on-Request with a certain strike price and expiration month
Request to Euronext.liffe Market Services +31 (0)20 550 5050
Euronext.liffe Market Services checks the criteria for introducing Series-on-Request,

and introduces the series according to one of the following two possibilities:
Standard Series-on-Request Non-standard Series-on-Request
Feature: Feature:
Contract specifications guided by the official Almost no restriction in selecting contract
series introduction rules specifications
Criteria: Criteria:
• Expiry month equal to a standard listed • Any expiry month, as long as its lifetime
month is not exceeding the last existing expiry
• When lifetime ≤ 12 months: strike price month of the option class
has to be between highest and lowest • Strike price has to be a multiple of € 0.10*
existing strike price and the strike price
is a multiple of € 0.50*
• When lifetime > 12 months: the strike
price has to be the first or second, not
yet listed, out-of-the-money/in-the-money
strike price.The strike price has to comply
with the official interval.
Extra requirements Extra requirements

• None • Party requesting the series is required to
execute a transaction with a minimum size
of 250 contracts in this series, immediately
after the introduction.
Trading with a guaranteed two-sided market:

• A two-sided market will be maintained by Liquidity Providers
• Central market: all investors are allowed to open and close positions
(client and own account)
• Prof market: all professional investors are allowed to open and close positions
(client and own account)
* or dollars, if applicable
Procedure for the FOR, ASM and NUO classes

It is only possible to request introduction of series:
• expiring during any calendar month before the end of the maximum lifetime of the relevant
option class
• having an exercise price which does not yet exist, provided the requested exercise price is a
multiple of € 0.50
If the requested series meets the series-on-request criteria, the Euronext.liffe Market Services
contacts all CMMs active in the relevant option class.The series is accepted if the majority of
these CMMs agree to this.
Procedure for introducing Series-on-Request

• Members can request an option series before 16.30 (CET) on trading days by calling
Euronext.liffe Market Services on +31 (0)20 550 5050.
• Series may be requested with non-standard expiry months and strike prices.
• Requests for series with a strike price of zero will not be granted.
• Requests for series in expiring months will not be granted on the last trading day
before expiry.
• Requests for series in classes remaining after corporate events having a non-standard
contract size (so-called O-classes) will not be granted.
• If there is no open interest in a requested standard series on the day it is introduced, this
series will, as a rule, be deleted or suspended after the close of trading. Non-standard series
may be deleted or suspended during the day if the requirement of executing a minimum of
250 contracts is not met.
• Euronext.liffe reserves the right to decide whether or not to grant a request for a series.
For more information please contact the Amsterdam Sales & Account Management department:
Tel. +31(0)20 550 6315, e-mail: derivativesamsterdam@euronext.com or visit our website at
www.euronext.com.
● 5.7 Euronext Information Services
Euronext’s strategic business unit Information Services is responsible for all activities concerning
market information generated by Euronext.liffe Amsterdam. It publishes a wide variety of
products, ranging from electronic to printed information.
The current product range includes:
• Market data services

Information Services sells real-time market data (prices, indices, news, volumes and other
information) to data vendors, market intermediaries such as investment banks and brokerage
firms, websites, news agencies and other financial institutions. It collects annual royalty fees and
licence fees from data vendors, which distribute flows of information to customers. Delayed
data is displayed after 15 minutes and is provided free of charge. Also cut-and-dried snapshots
from the Euronext.liffe Amsterdam can be bought by the end-users.
• Internet-related products
The euronext.com website is designed to serve the information needs of customers and
investors.The internet-related products and services currently on offer are webvertising
on Euronext websites and facilities for investment fund issuers via NOS Teletekst pages in
the Netherlands.
• Publication products
Every day, a number of exchange newspapers are published, such as Cote Officielle in Paris,
the Daily Bulletin in Lisbon and the Euronext Amsterdam Daily Official List in Amsterdam.
In addition to this, in 2002 two electronic services were introduced: the Listed Company News
(formerly known as EBN) and Notices & Announcements (formerly known as END).
The Listed Company News is a real-time news service that provides the original corporate and
press releases as written by companies themselves. Euronext’s own announcements and press
releases are also included in the Listed Company News.
The Notices & Announcements distributes official Euronext notices and announcements such
as listing notices, LCH.Clearnet S.A. notices and cash market notices from Euronext Amsterdam,
Euronext Paris and Euronext Brussels. Information services also supplies a number of statistical
products, other notices (as part of the Notices & Announcements service) such as ex-dividend
notices, details of new series listed at Euronext.liffe Amsterdam and 2003 fact book, which
contain statistics on Euronext’s markets.
• Indices
The index department (Euronext Indices BV) is responsible for maintaining and improving
more than 600 existing indices, and developing new ones. Index related data is produced for
investment support.The important national blue-chip indices owned by Euronext (AEX, BEL20,
CAC40 and PSI20) were introduced 15 to 20 years ago and are well-established and traded.
For further information, please visit www.euronext.com (> for our clients > information
services) or send an email to databyeuronext.com.
●
● Members and procedures – Futures
● 6
● 6.1 Members of Euronext.liffe Amsterdam
Persons may apply for Euronext Derivatives Membership as a Broker and/or a Dealer.
– Brokers
are entitled to trade only for third parties, including other Euronext Derivatives Members.
– Dealers
are entitled to trade for their own account.
– Broker/Dealers
combination of broker and dealer capacities.
– Clearing member (CM)

Clearing members shall act in their own name but at the order and for the account
of a customer. Clearing members shall hold positions at the order and for the account
of their customer. Clearing members handle the administrative and financial settlement
of transactions and guarantee that all obligations will be met.
● 6.2 Tenders and deliveries
The settlement of index and equity futures takes place at fixed times. Trading in expiring index
futures (cash settlement) ceases at 4.00 p.m. on the last day of trading.
LCH.Clearnet S.A. procedure is as follows:
Friday: last day of trading in index futures

Monday: instructions passed on to Kas Bank (next business day)
● 6.3 Complaints Committee
Persons who believe that the losses incurred are directly related to the actions or the
negligence of a member of the futures market may make a complaint. Written complaints must
be submitted to:
Dutch Securities Institute – Complaints Committee

P.O. Box 3861
1001 AR Amsterdam
The Netherlands
Tel. +31(0) 20 420 9102
Fax +31(0) 20 620 1326
● ●
● Appendix A
Key figures of underlying values
Yearly highs and lows of underlying values

High and lows in euros or index points
2004 (1 Jan - 31. Jun) 2003 2002

High Low High Low High Low
Company (Dutch)
ABN AMRO Holding AAB 19.90 16.16 18.97 11.76 22.88 10.35
AEGON AGN 13.22 9.21 14.25 5.88 30.73 8.85
Air France AFA 14.84 12.25
Akzo Nobel AKZ 33.79 27.85 32.44 16.00 54.50 27.25
ASM International ASM 22.22 15.11 17.78 8.32 32.99 6.40
ASML Holding ASL 17.92 12.40 17.04 5.39 29.79 5.13
Buhrmann BHR 9.15 6.68 8.10 1.81 15.99 2.31
Corio CIO 36.50 29.83
Corus Group COS 0.71 0.43 5.70 0.30 14.80 3.40
CSM CSM 21.80 16.92 21.24 16.64 27.45 19.00
Draka Holding DRK 20.90 12.60 16.85 4.10 46.50 6.70
DSM DSM 41.23 35.66 45.10 31.01 51.65 36.70
Fortis FOR 19.46 15.97 17.80 9.26 29.08 12.51
Fugro FUR 53.10 40.44 51.45 24.51 66.00 39.50
Getronics GTN 3.33 1.69 2.01 0.09 4.39 0.45
Hagemeyer HGM 2.65 1.30 7.75 1.69 26.80 5.87
Heineken HEI 35.27 26.82 38.27 28.74 50.50 35.00
Heineken Holding HEH 30.85 23.63 30.22 22.94 37.50 26.30
Hunter Douglas HDG 42.00 36.33 38.28 24.60 37.39 24.20
IHC Caland IHC 43.83 36.18 52.25 33.53 64.95 41.32
ING Groep ING 21.32 16.58 19.35 8.55 31.32 12.26
Ahold AH 7.53 5.32 13.65 2.39 32.90 10.18
Kon. KPN KPN 7.18 5.80 7.24 5.30 6.97 3.82
Kon. Numico NUM 27.51 21.76 22.60 4.31 33.38 10.45
Kon. Philips Electronics PHI 26.30 20.67 25.27 12.45 36.20 12.61
Kon. P&O NedLloyd RPN 31.75 22.50
Kon.Vopak VPK 15.75 12.83 15.50 8.50 22.66 9.60
Kon.Wessanen WES 12.49 8.84 10.05 4.30 10.25 6.20
Laurus LAU 1.49 0.99 1.60 0.87 5.50 0.75
LogicaCMG LC 4.09 2.57
Nutreco Holding NUO 31.00 20.35 24.40 11.65 38.40 11.54
Océ OCE 16.10 12.17 13.70 6.50 14.07 6.50
2004 (1 Jan - 31. Jun) 2003 2002

High Low High Low High Low
Company (Dutch)
Ordina ORD 11.88 7.50 10.19 2.16 14.05 2.89
PinkRoccade PNK 14.00 9.40 12.15 2.62 25.69 4.35
Reed Elsevier REN 12.24 9.55 12.07 8.01 16.05 12.81
Randstad Holding RND 24.19 18.90 19.70 7.15 18.48 5.02
Rodamco Europe REU 53.20 45.50
Royal Dutch Petroleum RD 43.94 36.59 44.58 33.35 63.20 39.21
Stork STO 19.20 13.70 16.50 4.40 12.50 4.25
TPG TPG 19.54 15.86 19.34 11.71 25.08 14.98
Unilever UN 60.15 51.15 60.10 45.35 72.50 48.00
Van der Moolen Holding MOO 8.14 5.63 21.70 5.51 36.25 15.70
Vedior VDR 14.28 10.70 13.40 3.07 16.65 3.90
Versatel VRS 2.34 1.33
VNU VNU 27.14 20.85 29.64 18.40 39.17 17.00
Wereldhave WHV 68.80 58.00
Wolters Kluwer WKL 15.50 11.90 17.35 8.66 26.45 13.40
Company (non-Dutch)
Deutsche Telekom DTL 16.87 12.70 14.62 9.07 20.45 8.15
Nokia NAI 19.09 10.68 16.65 10.56 30.35 10.52
Daimler Chrysler DC 39.56 32.51 37.58 23.71 55.44 28.40
Deutsche Bank DB 77.69 62.20 66.04 32.97 82.65 35.65
Index
AEX-index® AEX 365.93 319.11 344.62 217.80 531.45 282.79
Currency
US Dollar / euro DEX 84.85 77.45 96.69 79.05 116.62 95.20
euro / US Dollar EDX 129.12 117.86 126.50 103.42 105.04 85.75
Average daily turnover and open interest in futures and options
DT = Average daily contract turnover

OI = Open interest at the end of the year
2004 (1 Jan - 31. Jun) 2003 2002

DT OI DT OI DT OI
Individual equity options
ABN AMRO Holding AAB 25,899 2,175,819 28,856 2,041,532 31,714 2,105,499
AEGON AGN 21,793 1,648,150 21,484 1,069,089 23,239 1,123,987
Air France - KLM AFA 418 42065
Akzo Nobel AKZ 3517 168,181 3,470 137,127 4,614 193,946
ASM International ASM 759 15,480 552 15,346 1,086 29,486
ASML Holding ASL 16,061 1,323,899 19,594 1,183,622 21,643 1,402,813
Buhrmann BHR 1,422 48,242 1,192 32,465 1,322 75,241
Corio1 CIO 23 939
Corus Group COS 2,520 298,975 1,149 381,981 672 75,403
CSM CSM 358 9,735 108 8,745 203 7,416
Draka Holding DRK 28 848 33 1,349 21 1,042
DSM DSM 2,463 159,266 2,808 154,432 2,890 207,289
Fortis FOR 11,508 839,216 9,423 618,056 13,963 769,353
Fugro FUR 45 1230 35 2,258 15 692
Getronics GTN 15,665 1,188,939 4,924 714,078 3,256 480,774
Hagemeyer HGM 3,994 110,153 2,053 151,662 723 36,588
Heineken HEI 1,840 72,017 1,871 77,228 1,699 82,992
Heineken Holding HEH 83 3,975 141 6,165 - -
Hunter Douglas HDG 36 1,144 40 2,111 32 707
IHC Caland IHC 250 8,649 143 4,963 89 1,705
ING Groep ING 27,907 1,969,322 27,444 1,473,854 34,069 1,773,305
Ahold AH 16,569 1,477,954 22,969 1,174,872 15,250 951,491
Kon. KPN KPN 9,575 1,433,189 10,151 1,105,347 13,010 938,650
KLM KLM 1,459 - 2,305 103,067 612 46,583
Kon. Numico NUM 1,915 180,318 3,046 197,721 2,377 210,590
Kon. Philips Electronics PHI 21,935 1,155,354 24,046 935,298 27,837 1,116,284
Kon. P&O NedLloyd3 RPN 161 4,907
Kon.Vopak VPK 169 6,121 299 11,100 237 22,868
Kon.Wessanen WES 656 16,748 682 28,883 316 35,089
Laurus LAU 173 11,078 217 22,971 286 11,886
Nutreco Holding NUO 443 14,170 207 8,383 401 10,083
Océ OCE 638 21,386 570 24,741 678 42,802
Ordina ORD 256 7,714 335 15,264 432 28,914
PinkRoccade PNK 40 1747 24 1,766 14 693
Randstad Holding RND 544 10,662 396 18,092 410 25,382
Reed Elsevier REN 2,583 213,557 2,942 225,193 1,505 616,449
Rodamco Europe1 REU 5 192
Royal Dutch Petroleum RD 37,280 1,799,295 20,989 1,142,280 21,878 1,221,290
Stork STO 155 6,151 113 7,391 58 1,445
TPG TPG 993 75,147 1,060 70,502 1,619 113,058
Unilever UN 10,715 545,234 11,937 468,290 9,062 515,897
2004 (1 Jan - 31. Jun) 2003 2002

DT OI DT OI DT OI
Individual equity options
Van der Moolen Holding MOO 1,417 50,571 1,876 75,558 2,371 63,546
Vedior VDR 612 17,176 321 15,722 137 11,327
Versatel2 VRS 1,620 68,512
VNU VNU 1,021 32,217 1,176 17,341 1,469 66,542
Wereldhave1 WHV 24 1,375
Wolters Kluwer WKL 853 64,656 1,626 70,963 1,374 60,477
LogicaCMG2 LC 381 17,132
Deutsche Telekom DTL 5 161 4 159 3 168
Nokia NAI 204 7,528 123 4,107 182 8,658
Daimler Chrysler DC 7 364 8 389 1 83
Deutsche Bank DEB 22 537 6 393 8 169
Equity index futures

AEX-index® FTI 20,813 58,999 20,453 52,619 16,592 33,726
Light AEX-index® FTL 27 40 26 39 49 439
Equity index options

AEX-index® AEX 59,893 1,451,841 55,373 1,168,979 35,819 917,035
Light AEX-index® AEL 169 8240 515 9,226 339 15,567
Commodity futures
Potato futures4 FAP/APC 141 1,155 158 2,879 154 3,188
Commodity options
Potato options5 OPA / OPJ 24 301
Currency futures
US Dollar / euro FDE 11 535 4 334 4 79
euro / US Dollar FED 9 144 6 131 2 75
Currency options
euro / US Dollar EDX 588 11,845 291 11,333 85 3,731
US Dollar / euro DEX 423 21,598 251 16,277 160 10,296
1 Corio, Rodamco Europe and Wereldhave 9 January 2004

2Versatel and LocigaCMG 12 March 2004
3 Kon. P&O NedLloyd 19 April 2004
4 Potato Futures (FAP) 14 March 2004
5 Potato Options (OPA/OPJ) 14 June 2004
● ●
● Appendix B
Members of Euronext.liffe Amsterdam
ICO Individual Clearing Member Options ICF Individual Clearing Member Futures ICA Individual Clearing Member Commodities
GCO General Clearing Member Options GCF General Clearing Member Futures GCA General Clearing Member Commodities
BRO Broker Options BRF Broker Futures BRA Broker Commodities
DLO Dealer Options DLF Dealer Futures DLA Dealer Commodities
BDO Broker/Dealer Options BDF Broker/Dealer Futures BDA Broker/Dealer Commodities
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
323 Trading B.V. Amsterdam ● ●
ABN AMRO Bank N.V. Amsterdam ● ●
ABN AMRO Bank N.V. Amsterdam ● ●
ABN AMRO Bank N.V. Breda ● ●
ABN AMRO Bank N.V. - London Branch London ● ●
ABN AMRO Futures Limited London ● ● ● ●

Accent Aigu B.V. Amsterdam ● ●
Accent Grave B.V. Amsterdam ● ●
Accent Tonique B.V. Amsterdam ● ●
Aespen B.V. Amsterdam ● ●
AFS Brokers B.V. Amsterdam ● ● ●

AFS Capital Management B.V. Amsterdam ● ● ●
Agrigento Bassa B.V. Warmenhuizen ● ●
All Options International B.V. Amsterdam ● ●
Alpha Options Trading B.V. Almere ● ●
Amoptions Trading VII B.V. Amsterdam ● ●

Amoptions Trading VIII B.V. Amsterdam ● ●
Amstel Securities N.V. Amsterdam ●
Amsterdam Brokers B.V. Amsterdam ● ●
Amsterdams Effectenkantoor B.V. Amsterdam ● ●
AOT Derivatives B.V. Amsterdam ● ●

AOT Floorbroker Specialist B.V. Amsterdam ●
Archelon Deutschland GmbH Frankfurt am Main ● ●
Aurel Leven Securities S.A. Paris ● ●
B.H. Henkelman Market Makers B.V. Hilversum ●
Bank Insinger de Beaufort N.V. Amsterdam ● ●

Bank ten Cate & Cie N.V. Amsterdam ● ●
Banque Artesia Nederland N.V. Amsterdam ● ●
Banque Degroof S.A. Brussels ● ●
Barclays Bank Plc London ● ● ● ●
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
Bear, Stearns International Ltd. London ● ●
Bergshoeff Options B.V. Bentveld ● ●
Bever Financial Services B.V. Hilversum ● ●
BNP Paribas Arbitrage SNC Paris ● ●
BNP Paribas Equities France S.A. Paris ● ●
BNP Paribas Securities Services S.A. Paris ● ●

Bonnewijn, Renwart,Van Goethem & Co. S.A. Brussels ●
Borghols B.V. Amsterdam ● ●
Boris Trading B.V. Hoofddorp ● ●
C en E Bankiers N.V. Utrecht ● ●
Calimero Trading B.V. Badhoevedorp ● ●

Calyo Financial SNC. Paris ● ● ● ●
Cargill Investor Services SNC Paris ● ●
Cebulon Options B.V. Haarlem ● ●
Centercross B.V. Amsterdam ● ●
Cho Option Traders B.V. ’s-Gravenhage ●

City of London Options Limited London ● ●
Crédit Agricole Indosuez Cheuvreux S.A. Courbevoie ● ●
Crédit Agricole Indosuez S.A. Paris ● ●
Credit Suisse First Boston (Europe) Limited London ● ● ● ●
Cross Options Int. II B.V. Amsterdam ● ●

Currency Options B.V. Amsterdam ● ●
Curvalue France SAS Paris ● ●
Curvalue II B.V. Amsterdam ● ●
Curvalue III B.V. Amsterdam ● ●
D.W.Traders V.O.F. Diemen ●

De Vries & Westermann B.V. Hoofddorp ●
Delta Lloyd Securities N.V./S.A. Amsterdam ● ● ● ●
Derivatives Traders Amsterdam B.V. Amsterdam ● ●
Deutsche Bank AG (Amsterdam Branch) Amsterdam ● ● ● ●
Deutsche Bank AG (London) London ● ● ● ●

DEX Option Company Holland B.V. Amsterdam ● ●
Dierickx, Leys & Cie. Effectenbank N.V. Antwerp ● ●
Domix Opties B.V. Amsterdam ●
Douchka B.V. Wognum ● ●
Dresdner Kleinwort Wasserstein

Securities Ltd. London ● ●
DSB Bank N.V. Opmeer ● ●
DTS Derivative Trading System B.V. Amsterdam ● ●
EDI Equity Derivatives Investments B.V. Amsterdam ● ●
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
Edutraders B.V. Haarlem ● ●
Edutraders III B.V. Oostzaan ● ●
Effectenbank Binck N.V. (M.H.O. Binck Bank) Amsterdam ● ● ●
Effectenbank Stroeve N.V. Amsterdam ● ●
Effectenkantoor Wijs & Van Oostveen B.V. Amsterdam ● ●
Effective Traders Amsterdam B.V. Amsterdam ● ●

Eureffect B.V. Amsterdam ● ●
Exane S.A. Paris ● ●
Extra Options B.V. Bloemendaal ● ●
F. van Lanschot Bankiers N.V. ’s-Hertogenbosch ● ● ● ●
Fast Eddy Options B.V. Amsterdam ●

FBS Bankiers N.V. Amsterdam ● ●
Fimat International Banque S.A.
(U.K. Branch) London ● ● ● ● ● ●
Flow Traders B.V. Amsterdam ● ●
Fluhalp Trading B.V. Amsterdam ●

Fortis (GSLA) B.V. Amsterdam ● ●
Fortis Bank (Nederland) N.V. Amsterdam ● ●
Fortis Bank (Nederland) N.V. Rotterdam ● ●
Fortis Bank Global Clearing N.V. Amsterdam ● ● ● ● ● ●
Fortis Banque S.A. Brussels ● ●

Fortis Floorbroker B.V. Amsterdam ● ● ●
Fortop B.V Wassenaar ● ●
Fortop Futures B.V. Wassenaar ● ●
Friesland Bank N.V. Leeuwarden ● ●
Future Surfing B.V. Amsterdam ●

FX Currency Management Amsterdam B.V. Amsterdam ● ●
Gestion N.V. Amsterdam ● ●
GFI Securities Ltd. London ● ●
Global Derivatives Trading Amsterdam B.V. Amsterdam ● ●
Global Equities S.A. Paris ● ●

Goldman Sachs International Ltd. London ● ● ● ●
Hardcastle Trading A.G. Rapperswill ● ●
Hiëronymus Options B.V. Amsterdam ●
Hollandsche Bank-Unie N.V. Rotterdam ● ●
HOT Traders V.O.F. Amsterdam ● ●

Huyzer Effects B.V. Rotterdam ●
I.D.T.Trading B.V. Haarlem ● ●
IDE International Derivatives Enterprise B.V. Amsterdam ● ●
IMC Financial Products B.V. Amsterdam ● ●
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
IMC International Marketmakers
Combination B.V. Amsterdam ●
IMC Options B.V. Amsterdam ● ●
IMC Trading B.V. Amsterdam ● ●
Independent Trading Combination B.V. Amsterdam ● ●
ING Bank N.V. Amsterdam ● ● ●

ING Bank N.V. Amsterdam ● ●
ING Bank N.V. Amsterdam Zuidoost ● ●
ING Bank N.V.
(M.H.O. ING Securities Services) Amsterdam ● ● ● ●
ING Belgium S.A. Brussels ● ●

Instinet Clearing Services Inc. New York ●
Intal B.V. Amsterdam ● ●
Inter Value Options B.V. Amsterdam ● ●
Interactive Brokers (UK) Limited London ● ●
Intereffekt Commissionairs B.V. Joure ● ●

Interoptions B.V.
(M.H.O. Interoptions Brokerage B.V.) Amsterdam ● ●
IWB Independent Wholesale
Brokerage B.V. Amsterdam ● ●
J.P. Morgan Securities Ltd. London ● ● ● ●

Kaldenbach Derivatives Trading B.V. Leidschendam ● ●
Kas Bank N.V. Amsterdam ● ● ●
Kas Derivaten Clearing N.V. Amsterdam ● ● ●
KBC Bank N.V. Brussels ●
KBC Clearing N.V. Amsterdam ● ● ● ● ●

KBC Securities N.V. Brussels ●
Keijser Securities N.V. Amsterdam ● ●
Kempen & Co. N.V Amsterdam ● ●
Keytrade Bank S.A. Brussels ● ● ●
Klinkenberg Traders B.V. Amsterdam ● ●

Kuperus Effecten B.V Bussum ● ●
Lehman Brothers International (Europe) London ● ● ● ●
Leleux Associated Brokers S.A. Brussels ● ● ● ●
Leopark Options B.V. Amsterdam ● ●
London Capital Group Limited London ● ●

M & M Trading B.V. Amsterdam ● ●
M.A. en J.H. Damsté Beheer B.V. Amsterdam ●
M.R. van El Amsterdam ●
Madron B.V. Amsterdam ● ●
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
MAKO Financial Markets Partnership LLP London ● ●
Mako Global Derivatives Partnership LLP London ● ●
Man Financial Ltd. London ● ● ● ●
Man Financial S.A. Paris ● ● ● ●
Marc Castelijn Options B.V. Bergen aan Zee ● ●
Market Makers United B.V. Amsterdam ● ●

Market Wizards B.V. Amsterdam ● ●
Math B.V. Haarlem ● ●
Matrix Asset Management B.V. Delft ●
Maynard & Keynes B.V. Amsterdam ● ●
Merrill Lynch International London ● ● ● ●

Molengouw Options B.V. ’s-Gravenhage ● ●
Mondiaen Capital Management N.V. Amsterdam ● ●
Morgan Stanley & Co International Limited London ● ●
Muda Trading B.V. Amsterdam ●
Munnik Opties & Futures Trading B.V. Amsterdam ● ●

Mxmike Options B.V. Ede ● ●
N.V. De Vereenigde Effectencompagnie Edam ● ●
Nachenius,Tjeenk & Co N.V. Amsterdam ● ●
Nederland Option Traders B.V. Amsterdam ● ●
Newtrade Derivatives I B.V. Amsterdam ● ●

NIB Capital Bank N.V. ’s-Gravenhage ● ●
Noordnederlands Effektenkantoor B.V. Groningen ● ●
Nyenburgh Beheer B.V. Amsterdam Zuidoost ● ●
Oddo Options SNC Paris ● ●
OFS Traders B.V. Amsterdam ● ●

Onno Schamhart Beheer B.V. ’s-Gravenhage ●
Optima Options B.V. Amsterdam ● ●
Optimix Vermogensbeheer N.V. Amsterdam ● ●
Optiver V.O.F. Amsterdam ● ●
Optra V.O.F. Amsterdam ● ●

Optrix V.O.F. Amsterdam ● ●
Oyens & van Eeghen N.V. Amsterdam ● ●
Paerel Trading Partners B.V. Amsterdam ● ●
Parel S.A. Paris ● ●
PDM Holding B.V. Amsterdam ●

Perk & Schmidt International B.V. Beverwijk ● ●
Petercam Bank N.V. Amsterdam ● ●
Petercam S.A. Brussels ● ●
Polderpeil Options B.V. Alphen a/d Rijn ● ●
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
Postbank N.V. Amsterdam ●
Pro-Options Beheer B.V. Amsterdam ● ●
Pro-Options Trading II B.V. Amsterdam ●
Rabo Securities N.V. Amsterdam ● ● ●
Rabo Securities N.V. Amsterdam ● ● ●
Rabobank Nederland (Coöperatieve

Centrale Raiffeisen Boerenleenbank) Amsterdam ● ● ●
Rabobank Nederland (Coöperatieve
Centrale Raiffeisen Boerenleenbank) Utrecht ● ● ● ● ●
River Options and Futures Trading B.V. Beneden Leeuwen ● ●
Rob Defares Options B.V. Amsterdam ● ●

Robeco Direct N.V. Rotterdam ● ●
Robein Bank N.V. ’s-Gravenhage ● ●
Rokin Derivatives Trading B.V. Amsterdam ● ●
Roku Option Traders B.V. Naarden ● ●
Ropal Opties B.V. Leusden ● ●

Roparco N.V. Rotterdam ●
Saen Options B.V. Amsterdam ● ●
Saened B.V. Amsterdam ● ●
Saxa Gotha B.V. Amsterdam ● ●
Schneider Trading Associates Ltd. London ● ●

Schretlen & Co. N.V Amsterdam ● ●
Scrocca Option Trading B.V. Castricum ● ●
SG Bank De Maertelaere N.V. Gent ●
SNS Bank N.V. ’s-Hertogenbosch ● ●
SNS Securities N.V. Amsterdam ● ● ●

Société Générale S.A. Paris ● ●
Staal Bank N.V. ’s-Gravenhage ● ●
Summer Traders B.V. Naarden ● ●
TD Securities Limited London ● ●
TFS Derivatives Ltd. London ● ●

The Hague Options I B.V. ’s-Gravenhage ● ●
The Last Lap B.V. Amsterdam ● ●
The Link Asset and Securities
Company Ltd. London ● ●
The Royal Bank of Scotland Plc.

(h/o RBS Greenwich Futures) London ● ●
Theodoor Gilissen Bankiers N.V. Amsterdam ● ● ● ●
Timber Hill (Europe) AG Zug ● ● ● ●
Tradelink Worldwide Limited London ● ●
Registered
A
O
O
A
A
F
A
F
F
O
A
F
GC
GC
GC
BD
BD
BD
DL
DL
DL
BR
BR
BR
Company office
IC
IC
IC
Transpan Options B.V. Amsterdam ● ●
Turtle Trading B.V. Amsterdam ●
UBS Limited London ● ● ● ●
Van Berkel Options B.V. Amsterdam ● ●
Van der Hoop Effektenbank N.V Amsterdam ● ●
Vierlander Effecten N.V. Amsterdam ● ●

Voltrex Options Limited London ● ●
Wallaart Derivatives B.V. Amsterdam ●
WESA-Effecten B.V. Amsterdam ● ●
WestlandUtrecht Effectenbank N.V. Amsterdam ● ●
Wimaro Options B.V. Den Helder ● ●

Win Trading B.V. Middenbeemster ● ●
WVO Trading B.V. Nunspeet ●
XBZ Limited London ● ●
Zima B.V. Roosendaal ● ●
● ●
● Appendix C
Expiration months scheme: equity and index
options; equity and index futures
Company name or Trading over- Company name or Trading over-

underlying value symbol view underlying value symbol view
Equity ABN AMRO Holding AAB page 49 Equity Corio CIO page 54
options AEGON AGN options Rodamco Europe REU
Koninklijke Ahold AH Wereldhave WHV
ASML Holding ASL
Fortis FOR
ING Groep ING
Koninklijke KPN KPN
Koninklijke Philips Electronics PHI Index AEX-index® option AEX page 55
Royal Dutch RD options
Unilever UN Light AEX-index® option AEL page 56
Akzo Nobel AKZ page 50

DSM DSM
Getronics GTN
Heineken HEI Index AEX-index® future FTI page 57
Koninklijke Numico NUM futures
Reed Elsevier REN Light AEX-index® future FTL page 58
TPG TPG
Wolters Kluwer WKL
Buhrmann BHR page 51 Currency US Dollar/Euro options DEX page 59

Van der Moolen Holding MOO options Euro/US Dollar option EDX
VNU VNU and US Dollar/Euro futures FDE
futures Euro/US Dollar futures FED
Air France AFA page 52
ASM International ASM
Corus Group plc COS
CSM CSM
Draka Holding DRK
Fugro FUR
Hunter Douglas HDG
Heineken Holding HEH
Hagemeyer HGM
IHC Caland IHC
Laurus LAU
Koninklijke Numico NUO
Océ OCE
Ordina ORD
Pink Roccade PNK
Randstad Holding RND
Stork STO
Vedior VDR
Koninklijke Vopak VPK
Koninklijke Wessanen WES
DaimlerChrysler DC page 53
Deutsche Bank DEB
Deutsche Telekom DTL
Nokia NAI
Equity options: AAB, AGN, AH, ASL, FOR, ING, KPN, PHI, RD, UN
Initial lifetime (months) Cycle
1, 2, 3 every month
6, 9, 12 March, June, September, December
18 June, December
24, 36, 48, 60 December
Listed expiration months are shown by column. New introductions of expiry months are marked in bold.
Date
Expi-
ration
months jul-04 aug-04 sep-04 oct-04 nov-04 dec-04 jan-05 feb-05 mch-05 apr-05 may-05 jun-05
jul-04 jul-04
aug-04 aug-04 aug-04
sep-04 sep-04 sep-04 sep-04
oct-04 oct-04 oct-04 oct-04 oct-04
nov-04 nov-04 nov-04 nov-04 nov-04
dec-04 dec-04 dec-04 dec-04 dec-04 dec-04 dec-04
jan-05 jan-05 jan-05 jan-05 jan-05
feb-05 feb-05 feb-05 feb-05 feb-05
mch-05 mch-04 mch-05 mch-05 mch-05 mch-05 mch-05 mch-05 mch-05 mch-05
apr-05 apr-05 apr-05 apr-05 apr-05
may-05 may-05 may-05 may-05 may-05
jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05
jul-05 jul-05 jul-05 jul-05
mch-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05
oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05 oct-05
nov-05
dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05 dec-05
jan-06
feb-06
mch-06 mch-06 mch-06 mch-06 mch-06
apr-06
may-06
jun-06 jun-06 jun-06 jun-06 jun-06 jun-06 jun-06 jun-06
jul-06
aug-06
sep-06
nov-06
dec-06 dec-06
dec-09 dec-09 dec-09 dec-09 dec-09 dec-09 dec-09 dec-09
Equity options: AKZ, DSM, GTN, HEI, NUM, REN, TPG, WKL
1, 2, 3 every month
24, 36, 48, 60 December
Date
Expi-
ration
jul-04 jul-04
sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05
nov-05
jan-06
feb-06
mch-06 mch-06
apr-06
may-06
jul-06
aug-06
sep-06
nov-06
dec-06 dec-06
Equity options: BHR, MOO,VNU
1, 2, 3 every month
24 December
Date
Expi-
ration
jul-04 jul-04
oct-05
nov-05
jan-06
feb-06
mch-06 mch-06
apr-06
may-06
jul-06
aug-06
sep-06
oct-06
nov-06
Equity options: AFA,ASM, COS, CSM, DRK, FUR, HDG, HEH, HGM, IHC, LAU, LC, NUO,
OCE, ORD, PNK, RND, RPN, STO, VDR,VRS,VPK, WES
Date
Expi-
ration
jul-04
aug-04
oct-04
nov-04
jan-05
feb-05
apr-05
may-05
jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05 jun-05
jul-05
aug-05
oct-05
nov-05
dec-05 dec-05 dec-05 dec-05 dec-05
jan-06
feb-06
mch-06 mch-06
Equity options: DC, DEB, DTL, NAI
1, 2, 3 every month
Date
Expi-
ration
jul-04 jul-04
oct-05
nov-05
jan-06
feb-06
mch-06 mch-06
Equity options: CIO, REU,WHV
3,6,9,12 March, June, September, December
Date
Expi-
ration
jul-04
aug-04
oct-04
nov-04
jan-05
feb-05
apr-05
may-05
jul-05
aug-05
sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05
oct-05
nov-05
jan-06
feb-06
apr-06
may-06
jun-06 jun-06
AEX-index® option (AEX)
1, 2, 3 every month
18 June, December
24, 36, 48, 60 December
Date
Expi-
ration
jul-04 jul-04
nov-05
jan-06
feb-06
apr-06
may-06
jul-06
aug-06
sep-06
nov-06
dec-06 dec-06
Light AEX-index® option (AEL)
1, 2, 3 every month
Date
Expi-
ration
jul-04 jul-04
nov-05
jan-06
feb-06
mch-06 mch-06
AEX-index® future (FTI)
1, 2, 3 every month
6, 9,12 March, June, September, December
Date
Expi-
ration
jul-04 jul-04
oct-05
nov-05
jan-06
feb-06
apr-06
may-06
jun-06 jun-06
Light AEX-index® future (FTL)
1, 2, 3 every month
Date
Expi-
ration
jul-04 jul-04
oct-05
nov-05
jan-06
feb-06
mch-06 mch-06
Currency options and futures: DEX, EDX, FDE, FED
1, 2, 3 every month
24, 36 September
Date
Expi-
ration
jul-04 jul-04
sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05 sep-05
oct-05
nov-05
jan-06
feb-06
apr-06
may-06
jun-06 jun-06
jul-06
aug-06
sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06 sep-06
● ●
● Appendix D
Trading calendar for 2004
2004 Exchange Last trading day Last trading day

closed for expiring for expiring
option series and potato futures
financial futures
January 1 16 –
February – 20 –
March – 19 –
April 9, 12 16 29
May – 21 –
June – 18 10
July – 16 –
August – 20 –
September – 17 –
October – 15 –
November – 19 –
December 24*, 31* 17 –
* On Wednesday 24 (Christmas Eve) and Friday 31 December 2004 trading in options will end at 1.55 p.m. CET.
Trading in futures will end at 2 p.m. CET.
This publication is solely intended as information for investors and others who are interested in the securities that are traded on
the exchanges operated by Euronext. No section or clause of this brochure may be regarded as creating any right or obligation.
Rights and obligations in respect of the securities that are traded on the exchanges operated by Euronext shall depend solely on
the rules of Euronext N.V. Although this information has been compiled with great care, neither Euronext nor the exchanges and
companies which are operated by Euronext shall accept any responsibility for errors, omissions or other inaccuracies in this
information or for the consequences thereof. Publication and reproduction for educative and non-commercial purposes is
permitted provided that the source is acknowledged.
© Euronext Amsterdam N.V.

Euronext Amsterdam
P.O. Box 19163
1000 GD Amsterdam
phone +31(0)20 550 63 15
fax +31(0)20 550 49 75
Brussels
Palais de la Bourse / Beurspaleis
Place de la Bourse / Beursplein
1000 Brussels
phone +32 (0)2 509 12 11
fax +32 (0)2 509 12 12
Lisbon
Praça Duque de Saldanha, 1-5ºA
1050-094 Lisbon
phone +351(0)21 790 00 00
fax +351(0)21 795 20 21
London
Euronext.liffe
Cannon Bridge House
I Cousin Lane
London EC4R 3XX
phone +44 (0)20 7623 0444
fax +44 (0)20 7588 3624
Paris
Professioneel 39, rue Cambon
Professional
Professionnel 75039 Paris cedex 01
phone +33 (0)1 49 27 10 00
November 2004 fax +33 (0)1 49 27 11 71
www.liffe.com www.euronext.com

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Reference Book – Euronext.

liffe Amsterdam Derivatives

1.1 Equity options 8

1.1.1 Equity options on Dutch shares 10

1.1.2 Equity options on non-Dutch shares 12

1.2 Index options 14

1.2.1 AEX-index® options 14

1.2.2 Light AEX-index® options 15

1.3 Currency options 18

1.3.1 US dollar / Euro options 18

1.3.2 Euro / US dollar options 19

1.4 Index futures 20

1.4.1 AEX-index® futures 20

1.4.2 Light AEX-index® futures 21

1.5 Currency futures 22

1.5.1 US dollar / Euro futures 22

1.5.2 Euro / US dollar futures 23

2.1 Potato futures 24

2.2 Options on potato futures 26

3.2 Prof Trades 27

3.3 Euronext.liffe’s Prof Trade Facility offers 27

3.4 Participants in the Prof Trade Facility 28

4.2 Futures traded on the central market and Prof Trades 29

4.4 Transaction and settlement fees for commodity derivatives 30

5.1 Members of Euronext.liffe Amsterdam 31

5.3 Exercise, assignment and delivery 31

5.4 Complaints Committee 32

5.5 Delta Neutral Trades 32

5.6 Criteria and trading rules Series-on-Request for options 33

5.7 Euronext Information Services 34

6.1 Members of Euronext.liffe Amsterdam 36

6.2 Tenders and deliveries 36

6.3 Complaints Committee 36

Appendix A Key figures of underlying values 38

Yearly highs and lows of underlying values 38

Average daily turnover and open interest in options 39

Appendix B Members of Euronext.liffe Amsterdam 41

Appendix C Expiration months scheme 48

Appendix D Trading calendar for 2004 60

One Exchange – One Trading Platform

Euronext.liffe migrated successfully to the LIFFE CONNECT ® trading system.

• The deletion of the requirement to report position and exercise limits to

For further information please contact the Account Management department:

● 1.1 Equity options

Underlying value Euronext Security Reuters Bloomberg Introduction ISIN code

ABN AMRO Holding AAB 30110 AAH.AS AABA NA 27-08-1990 NL0000301109

Underlying value Euronext Security Reuters Bloomberg Introduction ISIN code

Océ OCE 35493 OCEN.AS OCEN NA 22-09-1992 NL0000354934

1.1.1 Contract specifications of equity options on Dutch shares

Contract size 100 shares

Trading unit 100

Pricing unit In euros per share

Option price Premium x trading unit

Tick size EUR 0.05 (= EUR 5 per contract)1

Trading hours 9.00 a.m. – 5.25 p.m. CET

Option type American style 2

Expiry months See page 13 and appendix C

Settlement Delivery of 100 shares through the settlement system of

Clearing organisation LCH.Clearnet S.A.

1 For COS EUR 0.01 (= EUR 1 per contract)

Please note New option classes may be listed as a result of corporate

1.1.2 Contract specifications of equity options on non-Dutch shares

Contract size 100 shares

Reuters code AEX.E and AEXI.E

Reuters code AEXL.E and AEXLI.E