LATIBEX Launches The FTSE LATIBEX TOP Index Société Générale Will Issue The First Warrants On The Index

LATIBEX, the Euro Market for Latin American Companies, have launched a new index called FTSE Latibex TOP. The index will be disseminated in real time from February 23th. FTSE Latibex TOP is the first negotiable index for euro-denominated Latin American equities and will be made up of the 15 most capitalised and liquid stocks in LATIBEX.

One of the main advantages of the index is that liquidity is guaranteed at anytime by specialists(*). The responsibility specialists take on by carrying out arbitrage operations together with the relevance of the stocks that make up the index will help it achieve a high correlation to other widely known indices for Latin American stocks.

Société Genérale is the first company to issue warrants on this index throughout Europe. The warrants will first be issued on the Spanish market and later on other European marketplaces. SG will issue 10 call warrants which will have an expiry date of between 13 and 22 months and strike prices ranging between 1100 and 2500. With this warrants issue on the FTSE Latibex TOP index, LATIBEX will offer investors a new way to access the market by using derivatives linked to the main stocks that make up the index.

Investors will be able to track the performance of the FTSE Latibex TOP index and the warrants issued by SG through the usual channels of market data dissemination. Reuters' new code (ric) for the index is . Investors will also be able to track the performance of the index and the warrants though the website www.latibex.com.