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Version date: 19 December 2016 - onwards

Question 3 What is a lot in the case of Economically Equivalent OTC contracts (EEOTC)? [Last update: 19/12/2016]

Art. 9 of RTS 21

What is a lot in the case of Economically Equivalent OTC contracts (EEOTC)?

Answer 3

A significant number of OTC contracts are specified by reference to a quantity of the underlying commodity and not the standardised lot sizes of an exchange-traded derivative. Where an OTC contract is not defined in standardised lots the size of the contract should be calculated as a multiple of the standard unit of trading used by the trading venue for the commodity derivative to which the OTC contract is equivalent.

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