CROX® - Croatian Traded Index
Indexlaunch: 05.06.2007
The CROX is a capitalization-weighted price index and is made up of 12 most liquid and highest capitalized stocks of Zagreb Stock Exchange (ZSE). The index is calculated in HRK (Croatian Kuna), EUR and USD. It is disseminated in real-time by Wiener Börse AG and designed as tradable index to be used as underlying for structured products and standardized derivatives.
The CROX is a capitalization-weighted price index and is made up of 12 most liquid and highest capitalized stocks of Zagreb Stock Exchange (ZSE). The index is calculated in HRK (Croatian Kuna), EUR and USD. It is disseminated in real-time by Wiener Börse AG and designed as tradable index to be used as underlying for structured products and standardized derivatives.
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| CROX HRK | AT0000A02WT5 | CROX <Index> | .CROXL | CET 10:00 – 16:00 |
| CROX EUR | AT0000A02WU3 | CROXEUR<Index> | .CROXEUR | CET 09:00 – 17:45 |
| CROX USD | AT0000A03H92 | CROXUSD <Index> | .CROXUSD | CET 09:00 – 17:45 |
Main Features of the CROX:
- Dividend payments are not considered
- Possible free float factors that an index member can have: 0.10 - 0.20 – 0.30 - 0.40 - 0.50 – 0.60 - 0.70 - 0.80 - 0.90 - 1.00.
- Representation factors can take values between 0.01 and 1.00 and are used to avoid that an index member exceeds a max. weighting cap of 25%.
- Calculation on every day ZSE is open for trading (also in case of an exchange holiday in Austria)
- New index values are triggered in real-time by new traded prices of the index members or by new exchange rates (updates every 2 minutes).
- Only traded prices from ZSE (transmitted via Reuters) are considered for the calculation of CROX. Block Trades or calculated prices will not be considered.
- Quarterly review and adjustments of the calculation parameters
- Revision and changes to the index composition on a semi-annual basis (March / September)
- All decisions regarding the index are taken by the index committee on a quarterly basis.