SCECE® - Short CECE
Indexlaunch: 01.10.2007
Main Features of the Short CECE:
The Short CECE is a capitalization-weighted performance index linked to the development of the
CECE and reproduces it with a leverage of approximately -1. In addition to the inverse development
of the CECE, the Short CECE offers interest payments in the amount of the double interbank rate
EONIA. The index is calculated in EUR and disseminated in real-time by Wiener Börse AG. It is
designed as a tradable index to be used as underlying for structured products and for standardized
derivatives (futures & options).
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| SCECE | SCECE <Index> | .SCECE | CET 09:00 - 17:45 |
Main Features of the Short CECE:
- Consideration of dividend payments
- Free float: percentage of its shares which are effectively available for trading. 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 maximum weighting cap of 20%.
- The index is calculated on every day that at least one of the stock exchanges in Warsaw, Budapest or Prag is open for trading.
- Inverse reproduction of the CECE development
- Due to the portfolio strategy (short selling and thus earning of cash) generation of revenues of interest payments in the amount of the double interbank rate EONIA. Therefore this strategy offers in addition the possibility of an additional performance in sideward developing markets.
- Quarterly review and adjustment of the calculation parameters
- Semi-annual revision of the number of index constituents (March / September)
- All decisions regarding the index are taken by the index committee at its quarterly meetings.