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Product Description
The Credit Suisse First Boston Technology IndexSM is designed to provide a benchmark
of technology stock performance by weighting components to reflect the average holdings
of technology-oriented investment funds. Stocks are selected from the communications
equipment, computer hardware, Internet, semiconductor, technology services and software sectors (Index Components). |
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Modified Equal-Dollar Weighting
The Index is calculated using a modified equal-dollar weighting method designed to reflect the holdings
of technology investors. The largest capitalized components are given a higher weight in
the Index. At the time of the annual Index rebalancing, each of the 25 largest stocks in
the Index is assigned a weight of 2.4% and each of the remaining 50 stocks in the Index is
assigned a weight of 0.8%. The
Index was set to a benchmark value of 200.00 on Dec. 31, 1998. Adjustments are made
annually after the close of trading on the third Friday of January so that each component
stock approximately represents its assigned Index weighting. |
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Trading Unit
The minimum trade size is one option contract. The notional value underlying each contract equals $100
multiplied by the Index value. |
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Expiration Cycle
Three consecutive near-term expiration months plus two successive months from the March cycle. |
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Expiration
The Saturday following the third Friday of the expiration month. |
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Last Trading Day
Two business days prior to expiration (normally a Thursday). |
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Limited Exercise of Options
European style. Options may be exercised only on the last business day prior to expiration
(normally a Friday). Writers are subject to assignment only at expiration. Check with
broker to ascertain cut-off times for exercise and provisions for automatic exercise. |
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"Delivery" Method if Exercised
Cash settlement based on the dollar difference between the final settlement value of the Index and strike
price of the contract multiplied by $100. |
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Exercise Price Intervals
Exercise (strike) prices are set at five-point intervals, bracketing the current value of the Index,
when the Index is above 200. If the Index is below 200, the interval will be 2 ½ points. |
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Option Premium Quotations
Stated in points and fractions. One point equals $100. Minimum tick for series trading below 3
is 1/16 ($6.25); for all other series, 1/8 ($12.50). |
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Final Index Settlement Value
Determined on the last business day prior to expiration, based on the first (opening) reported sale
price for each component stock. |
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Settlement
Next business day following expiration. |
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Position Limits
31,500 contracts on the same side of the market. |
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Minimum Customer Margin for Uncovered Writers
Premium plus 20% of the aggregate Index value (Index value x $100) minus the amount by which the
option is out-of-the-money, if any. The minimum margin is premium plus 1% of the aggregate Index value. |
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Trading Hours
9:30 a.m. to 4:02 p.m., New York time. |
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Trading System
Specialist/Registered Options Trader. |
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CUSIP Number
12633E109 |
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Trading Symbol
CTN |
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Final Settlement Value Symbol
CTM |
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Index Components
Components list as of 07/23/01
| The Credit
Suisse First Boston Technology Index is composed of shares of the following issues: |
| ADC
Telecommunications, Inc. |
(ADCT) |
International
Business Machines Corp. |
(IBM) |
| Altera Corp. |
(ALTR) |
Intuit Inc. |
(INTU) |
| Amazon.com,
Inc. |
(AMZN) |
JDS Uniphase
Corp. |
(JDSU) |
| Amdocs
Limited |
(DOX) |
Juniper
Networks, Inc. |
(JNPR) |
| America Online
Inc. |
(AOL) |
KLA-Tencor
Corp. |
(KLAC) |
| Analog Devices,
Inc. |
(ADI) |
Lexmark
International Inc. |
(LXK) |
| Apple Computer,
Inc. |
(AAPL) |
Linear
Technology Corp. |
(LLTC) |
| Applied Materials,
Inc. |
(AMAT) |
Lucent
Technologies Inc. |
(LU) |
| Ariba Inc. |
(ARBA) |
Maxim
Integrated Products, Inc. |
(MXIM) |
| ASM Lithography
Holding N.V. |
(ASML) |
Microchip
Technology Inc. |
(MCHP) |
| At Home
Corp. |
(ATHM) |
Micromuse Inc. |
(MUSE) |
| Automatic Data
Processing Inc. |
(ADP) |
Micron
Technology, Inc. |
(MU) |
| BEA Systems,
Inc. |
(BEAS) |
Microsoft
Corp. |
(MSFT) |
| BMC Software,
Inc. |
(BMCS) |
Motorola, Inc. |
(MOT) |
| Broadcom
Corp. |
(BRCM) |
Nokia Corp. |
(NOK) |
| Cadence Design
Systems, Inc. |
(CDN) |
Nortel
Networks Corp. |
(NT) |
| Cisco Systems,
Inc. |
(CSCO) |
Oracle
Corporation |
(ORCL) |
| Compaq Computer
Corp. |
(CPQ) |
Palm Inc. |
(PALM) |
| Computer
Associates International, Inc. |
(CA) |
Parametric
Technology Corp. |
(PMTC) |
| Computer Sciences Corp. |
(CSC) |
PeopleSoft,
Inc. |
(PSFT) |
| Comverse Technology,
Inc. |
(CMVT) |
PMC-Sierra, Inc. |
(PMCS) |
| Conexant Systems
Inc. |
(CNXT) |
QUALCOMM Inc. |
(QCOM) |
| Dell Computer
Corp. |
(DELL) |
Rational Software Corporation |
(RATL) |
| E.piphany,
Inc. |
(EPNY) |
Sanmina Corp. |
(SANM) |
| E*TRADE Group,
Inc. |
(ET) |
Sapient Corp. |
(SAPE) |
| eBay Inc. |
(EBAY) |
Siebel
Systems, Inc. |
(SEBL) |
| Electronic Arts
Inc. |
(ERTS) |
Solectron
Corp. |
(SLR) |
| Electronic Data
Systems Corp. |
(EDS) |
STMicroelectronics
N.V. |
(STM) |
| EMC Corp. |
(EMC) |
Sun
Microsystems, Inc. |
(SUNW) |
| Ericsson |
(ERICY) |
Tellabs, Inc. |
(TLAB) |
| Exodus
Communications, Inc. |
(EXDS) |
Teradyne, Inc. |
(TER) |
| First Data
Corp. |
(FDC) |
Texas
Instruments Inc. |
(TXN) |
| Gateway
Inc. |
(GTW) |
Unisys Corp. |
(UIS) |
| Hewlett-Packard
Co. |
(HWP) |
VeriSign, Inc. |
(VRSN) |
| i2 Technologies,
Inc. |
(ITWO) |
VERITAS
Software Corp. |
(VRTS) |
| Inktomi
Corp. |
(INKT) |
Vitesse
Semiconductor Corp. |
(VTSS) |
| Intel
Corp. |
(INTC) |
Xilinx, Inc. |
(XLNX) |
| |
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Yahoo! Inc. |
(YHOO) |
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