Historical Futures Prices: SGX Nikkei Stock Average Dividend Point Index Futures, December 2015 (NDZ2015), December 2015. With the launch of the SGX Nikkei Stock Average Dividend Point Index Futures (“SGX Nikkei Dividend Index Futures”), the Singapore Exchange will be the first Asian exchange to trade dividend futures contracts. Dividend futures have grown to become an important asset class. It is commonly used to hedge away dividend risk. Due to its low correlation to other asset classes, dividend futures are also used to create efficient portfolios. Underlying Stock Index: Represents an index which computes the accumulated dividends which an investor would have been entitled to receive if the investor had held the constituent stocks of the Nikkei Stock Average for a calendar year. Minimum Price Fluctuation: 0.10 pt (JPY 1,000). Final Settlement Price: The FSP shall be the value of the underlying Nikkei Stock Average Dividend Point Index determined by Nikkei on the first contract business day in April. The official closing price will be rounded to 2 decimal places.