BME Launches The IBEX 35® IMPACTO DIV Index - It Will Act As An Underlying Asset For Derivative Products - It Will Be Calculated And Disseminated As Of September 30th

Bolsas y Mercados Españoles (BME) has created the IBEX 35® IMPACTO DIV, which is meant to act as an underlying asset for derivative products. The index will start to be calculated and disseminated on September 30^th.

The index IBEX 35® IMPACTO DIV reflects, in index points, the total value of the dividends paid by the constituents of the IBEX 35® index during a specified period. The calculation period goes from the third Friday of December of the previous year, excluding the said day, until the third Friday of December of the current year, including this day. 

The IBEX 35® IMPACTO DIV index is launched with the purpose of being an underlying asset for options and futures contracts. In addition to this, through the use of derivative instruments, the index gives investors the chance to isolate the dividend component. 

The IBEX 35® IMPACTO DIV index is calculated and disseminated daily at the end of the trading session. For its calculation, only the dividends paid that are regarded as ordinary dividends and that are subject to the same criteria used for the IBEX 35® index will be taken into account. 

If no dividends are paid during the trading session the index will have the same value as that of the previous day. The index reaches its highest value on the last day of the calculation period, going back to zero the next trading session.