Change Of Time For Calculating Settlement Prices In Danish Futures Contracts

The time for fixing futures prices are changing from being based on prices at 2.30 pm to being based on prices at the normal close of the market; i.e. 5 pm. The change will be effective from Monday 21 June 2004, and is to be seen as an adaptation of international practise. The objective is to ensure that daily variation margin on futures contracts on the KFX index and individual Danish shares is as close as possible to current prices.