The invention relates to a rope terminal arrangement of an elevator, comprisingcompression means comprising two compression members delimiting a rope gap between them, the compression members being arranged to compress a rope end of a belt-shaped rope placed in the rope gap for blocking movement of the rope end in its longitudinal direction relative to the compression members; andan electrical circuit comprising a contact switch, which is switchable between a first and second state, in particular between open and closed state; andthe contact switch being mounted on one of the rope end and a compression member, and the arrangement, in particular said other of said rope end and a compression member, is provided with actuating means arranged to move together with the other of said rope end and a compression member relative to said one of said rope end and a compression member and to actuate the contact switch to switch its state when the rope end moves in its longitudinal direction relative to the compression member, whereby movement of the rope end in its longitudinal direction relative to the compression member is arranged to cause state change of the electrical circuit; anda monitoring means arranged to monitor state of the circuit and to trigger one or more actions in response to state change of the circuit. The invention also relates to an elevator implementing said rope terminal arrangement.