Instrument: CAC 40 Index

Trading Unit: 200 times the value of the CAC 40 Index

Quotation: Index with one decimal.

Tick: 0.5 Index Point, I.E. Frf 100.

Delivery Months: 3 spot months and 3 quarterly delivery months.

First Trading Day: First business day following the last trading day.

Last Trading Day: Last business day of delivery month at 4:00 P.M. (Paris Time)

Delivery: Cash Settlement.

Settlement Price : Equal arithmetic average (rounded off to one decimal) of each cac 40 index value calculated and broadcast between 3:40 p.m. and 4-.00 p.m., the first index value after 4.00 p.m. being included.

Daily Price Limit: 120 Index Points Of Previous Settlement Price.

Initial Margin: Regular.: Frf 30,000

Straddle:: Frf 12,000

Trading Hours: Open Outcry: 10:00 A.M. To 5.00 P.M;

Globex: 5:00 P.M. To 11:00 A.M.