| PHLX
Oil Service Sector Index Futures
Contract Specifications
Contract Name: PHLX Oil Service
Sector Index Futures
Listing Date: March 12, 2008
Description & Contract Size: Broad-based
stock index futures on the Philadelphia Stock Exchange Oil Service
Sector Index (“OSX”); price quoted in terms of the
PHLX Oil Service Sector Index; cash settlement; $50 multiplier.
Contract Listings: Two months in the March Quarterly
Cycle
Trading Hours: 8:20 AM to 4:15 PM ET
Trading Platform: PBOT XL
Ticker Symbols: Base = OS9 : Months = H-March,
M-June, U-September, Z-December
Minimum Price Intervals / Dollar Value Per Tick Regular:
0.01 = $.50
Daily Settlement Price: Daily settlement price
will be based on the closing Oil Service Sector Index (“OSX”).
Last Trading Day: Futures trading shall terminate
on the business day preceding the maturity date.
Maturity Date: The maturity date shall be the
third Friday of the contract month.
Settlement: Cash settlement in USD. Settlement
of The PHLX Oil Service Sector Index Futures Contract will result
in the delivery of a cash settlement on the first business day
following the maturity date. The cash settlement amount on the
Final Settlement Date shall be the final mark to market amount
against the final settlement price multiplied by $50.
Final Settlement Price: The final settlement
price shall be based on the opening prices of component stocks
of the PHLX Oil Service Sector on the third Friday of the contract
month.
Reportable Position Level: 25 Contracts
Block Trade Minimum Threshold: 100 Contracts
Margin Initial: $1,486; Variation $1,486, Spread
$100
Issuer and Guarantor: The Options Clearing
Corporation
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