31 Jan 2003 Euronext: Wijziging regelementen in AEX-, Midkap- en
All-share- index
Euronext Mededeling 2003-11
Euronext Indices B.V. maakt bekend dat de reglementen van de
AEX-index, de Amsterdam Midkap index en de Amsterdam All-Share index
worden gewijzigd.
1. De wijziging voor de AEX-index en de Amsterdam Midkap index betreft
een verschuiving van de verantwoordelijkheid over de calculatie van
settlement prijzen. Deze verantwoordelijkheid verschuift van Euronext
Indices B.V. naar Euronext Amsterdam N.V.
De settlement procedure verdwijnt uit het AEX-index reglement en het
Amsterdam Midkap index® reglement. De procedure blijft te vinden in
het Reference Book van Euronext Amsterdam Derivative Markets.
De wijzigingen voor de Amsterdam All-Share index betreffen het
volgende:
2. Peildata en effectieve data van herwegingen worden aangepast naar
het schema van de AEX-index en de Amsterdam Midkap index.
3. De effectieve datum voor de Amsterdam All-Share Smaller Companies index zal direct op de peildatum volgen en zal worden afgestemd op de herweging van de AEX-index en de Amsterdam Midkap index.
4. De omschrijving van de volledige Amsterdam All-Share index serie wordt geconcentreerd in hoofdstuk 1 van het reglement.
5. De peildatum voor de periodieke herclassificatie van de fondsen uit de Amsterdam All-Share index voor de Amsterdam All-Share Sector indices blijft gehandhaafd op de derde vrijdag van de maand; effectief de tweede handelsdag van de maand daarop volgend.
Dit houdt in dat de peildatum voor de periodieke herweging van de
Amsterdam All-Share Smaller Companies index en de peildatum voor de
herclassificatie van alle fondsen voor de Amsterdam All-Share Sector
Indices niet langer aan elkaar gelijk zijn. Daarom wordt een nieuw
hoofdstuk opgenomen met daarin de omschrijving en de criteria voor de
Amsterdam All-Share Smaller Companies index.
6. Euronext Indices B.V. maakt voorts van de gelegenheid gebruik om
enkele kleine updates, verduidelijkingen en correcties aan te brengen.
De details zijn opgenomen in de appendix.
In verband met de aankondigingsperiode van 3 maanden, worden alle
veranderingen effectief op 1 mei 2003.
31 januari 2003
APPENDIX
1. Deze wijziging heeft gevolgen voor artikel 2.12 en 2.13 van het
AEX-index®
reglement en het Amsterdam Midkap index reglement, te weten:
Regel 2.12 van de AEX-index en van de Amsterdam Midkap index®
2.12 Every month the compiler of the AEX-index will calculate a
settlement
price for financial products based on the index.
komt te vervallen.
Regel 2.13 van de AEX-index
2.13 The settlement price of the AEX-index will be calculated as the
average
of the index value measured every minute during the last thirty
minutes
preceding the calculation of the settlement price (including the time
of
calculation).
en regel 2.13 van de Amsterdam Midkap index
2.13 The settlement price of the Amsterdam Midkap index will be
calculated as
the average of the index value measured every fifteen seconds during
the
last twenty minutes preceding the calculation of the settlement price
(including the time of calculation). Of the 81 index values the 12
highest
and
12 lowest values will be ignored and the 57 remaining values will be
used to
calculate the settlement price with the result being rounded off to
two
decimal places.
komen te vervallen.
2. Deze wijziging heeft gevolgen voor artikel 4.2 van het Amsterdam
All-Share
Index® reglement, te weten:
Regel 4.2
4.2 The periodic assessment of the sector classification of stocks
occurs in
accordance with the following timetable:
Quarterly review: 3^rd Friday in January;
Quarterly review: 3^rd Friday in April;
Quarterly review: 3^rd Friday in July;
Quarterly review: 3^rd Friday in October.
wordt gewijzigd in:
4.2 The periodic assessment of the sector classification of stocks
occurs in accordance with the following timetable:
Quarterly review: 3^rd Friday in February;
Quarterly review: 3^rd Friday in May;
Quarterly review: 3^rd Friday in August;
Quarterly review: 3^rd Friday in November.
3. Deze wijziging heeft gevolgen voor artikel 4.3 van het Amsterdam
All-Share
Index reglement, te weten:
Regel 4.3
4.3 Adjustments in sector classification resulting from the periodic
assessment become effective on the first business day in the month
following the periodic assessment.
wordt gewijzigd in:
4.3 Adjustments in sector classification resulting from the
periodic assessment become effective on the second business day in
the month following the periodic assessment.
4. Deze wijziging heeft gevolgen voor artikel 7.1 en 7.2 van het
Amsterdam
All-Share Index reglement, te weten:
Regel 7.1
7.1 The other indices in the Amsterdam All-Share Index series are:
(a) Amsterdam All-Share Index AEX Stocks
This index contains the same securities as the AEX-index.
Review: February.
(b) Amsterdam All-Share Index AMX Stocks
This index contains the same securities as the Amsterdam Midkap
index.
Review: February.
© Amsterdam All-Share Index Excluding AEX & AMX stocks
This index contains the same securities as the Amsterdam All-Share
Index excluding the securities which are constituents of the AEX-index
and
the Amsterdam Midkap index.
Review: February.
(d) Amsterdam All-Share Smaller Companies index
securities which are constituents of the AEX-index and the Amsterdam
Midkap index and all stocks with a market capitalisation over 0.4% of
the total Amsterdam All-Share Index market capitalisation at time of
the review.
Review: at the quarterly reviews as stated in article 4.2.
(e) Amsterdam All-Share Index NMAX Stocks This index contains all
the
securities which are listed on the Nieuwe Markt of Amsterdam
Exchanges.
wordt hernummerd naar 1.7 en gewijzigd in:
1.7 Other indices in the Amsterdam All-Share Index series are:
a) Amsterdam All-Share Index AEX Stocks
This index contains the same securities as the AEX-index.
Review: First trading day of March
b) Amsterdam All-Share Index AMX Stocks
This index contains the same securities as the Amsterdam Midkap
index.
Review: First trading of March
c) Amsterdam All-Share Index Excluding AEX & AMX stocks
This index contains the same securities as the Amsterdam All-Share
Index excluding the securities which are constituents of the AEX-index
and
the Amsterdam Midkap index.
Review: First trading day of March
d) Amsterdam All-Share Smaller Companies index
This index contains the same securities as the Amsterdam All-Share
Index excluding the securities which are constituents of the AEX-index
and
the Amsterdam Midkap index and all stocks with a market
capitalisation over 0.4% of the total Amsterdam All-Share Index market
capitalisation at time of the review. See chapter 7
e) Amsterdam All-Share sector indices. See chapter 6
Regel 7.2
7.2 The indices in the Amsterdam All-Share Index series are governed
by the same rules and principals governing the Amsterdam All-Share
Index.
wordt hernummerd naar 1.8 en gewijzigd in:
1.8 All indices in the Amsterdam All-Share Index series are governed
by the same rules and principals governing the Amsterdam All-Share
Index.
5. Deze wijziging betreft het invoegen van de nieuwe artikelen 7.1,
7.2 en
7.3
in het Amsterdam All-Share Index reglement, te weten:
7 Classification of Constituents within the Amsterdam All-Share
Smaller
Companies index
7.1 This index contains the same securities as the Amsterdam All-Share
Index excluding the securities which are constituents of the AEX
index and the Amsterdam Midkap index and all stocks with a market
capitalisation over 0.4% of the total Amsterdam All-Share index
market capitalisation at the time of the review. In addition,
should a stock be excluded from the index, to gain
re-entry the stock must fall under 0.4% threshold at two consecutive
reviews.
7.2 The periodic assessment of the Amsterdam All-Share Smaller
Companies index® occurs with the following time table:
Quarterly review: After the close of the first business day of March;
Quarterly review: After the close of the first business day of June;
Quarterly review: After the close of the first business day of
September;
Quarterly review: After the close of the first business day of
December;
7.3 Adjustments in the Amsterdam All-Share Smaller Companies index®
resulting from the periodic assessment become effective on the
first
business
day following the periodic assessment.
6. Deze wijziging heeft gevolgen voor artikel 5.3.12, 6.4, 6.5, 8.7 en
8.8
van
het Amsterdam All-Share Index reglement, te weten:
Regel 5.3.12
5.3.12 Newly listed stocks on Euronext Amsterdam shall be added to the
Amsterdam All-Share Index the trading day following the first day of
trading
at the official closing price of the first day of trading.
wordt gewijzigd in:
5.3.12 Newly listed stocks on Euronext Amsterdam shall be added to the
Amsterdam All-Share Index on the trading day following the first day
of
trading at the official closing price of the first day of trading.
Newly
listed stocks on Euronext shall also be added to the Amsterdam
All-Share
index Excluding AEX & AMX and Amsterdam All-Share Smaller Companies
index®
if the market capitalisation at the end of the first trading day is
less
then
0.4% of the total market capitalisation of the Amsterdam All-Share
Index.
Regel 6.4
6.4 The Amsterdam All-Share Index constituents classified under the
Euronext
Amsterdam Industry Classification System comprise the Amsterdam
All-Share sector indices. The Amsterdam All-Share sector indices
are governed by the same rules and principles governing the
Amsterdam All-Share Index.
wordt gewijzigd in:
6.4 The Amsterdam All-Share Index constituents classified under the
Euronext Amsterdam Industry Classification System comprise the
Amsterdam All-Share sector indices.
Regel 6.5
6.5 All new stocks entering the Amsterdam All-Share Index are assigned
an industry sector classification by the index compiler.
wordt gewijzigd in:
6.5 All new stocks entering the Amsterdam All-Share Index are assigned
an industry sector classification by the index compiler and included
in an Economic Group and Industry Sector index.
Regel 8.7
8.7 The Dutch version of these rules shall be binding.
komt te vervallen.
Regel 8.8
8.8 Substitution of currency
If a currency is converted into another currency or if a unit of
account,
e.g. the ECU, is converted into a currency or ceases to exist as
result of a
change in legislation and another currency is introduced as a
substitute
currency, calculation of the index in these currencies shall (in the
case of
a legal obligation thereto) or may be fixed on the basis of the
relevant legally established exchange rates with due regard to the
laws governing the rounding off of such amounts. In the absence of a
legally established exchange rate or rules for rounding off amounts,
the aforementioned calculation shall be made in accordance with the
method determined by the compiler in consultation with the supervisor
of the index.
In addition, the introduction of a currency may result in changes to
the
value of the index, the composition of the index, the selection and/or
weighting of each security in the index. This provision shall apply
accordingly during a transitional period in connection with the
conversion
of a currency or the conversion of unit of account into a currency.
wordt hernummerd naar 8.7 .
© Euronext Amsterdam / Pers en Public Affairs