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Taipei Exchange Stock Index Futures


Trading Calendar Position Limit Final Settlement Price Trading Rule Trading Cost and Related Cost Margining Annual Trading Volume

Items	Descriptions
Underlying Index	Taipei Exchange Capitalization Weighted Stock Index
Ticker Symbol	GTF
Trading Hours	08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the Taipei Exchange 08:45AM-1:30PM on the last trading day for the delivery month contract
Contract Size	NTD 4,000 x per index point
Delivery Months	Spot month, the next two calendar months, and the next three quarterly months
Daily Settlement Price	The daily settlement price is the volume weighted average price, which is calculated by dividing the value of trades by the volume within the last one minute or otherwise determined by TAIFEX according to the Trading Rules.
Daily Price Limit	+/- 10% of previous day's settlement price
Minimum Price Fluctuation	0.05 index points (NTD 200)
Last Trading Day	The third Wednesday of the delivery month
Settlement	Cash settlement
Final Settlement Day	The same day as the last trading day
Final Settlement Price	The average price of the underlying index disclosed within the last 30 minutes prior to the close of trading on the final settlement day.Method used to calculate final settlement price.
Position Limit	Any investor's aggregate open same-side positions in the Contract for various delivery months at any time shall not exceed the limit standards announced by TAIFEX. Institutional investors may apply for an exemption from the above limit on trading accounts for hedging purpose. These position limits are not applicable to omnibus accounts, with the exception of undisclosed omnibus accounts, which accounts are subject to the limits for institutional investors.
Margin	The initial and maintenance margin levels as well as the collection measures prescribed by the FCM to its customers shall not be less than those required by TAIFEX. The initial margin and maintenance margin announced by TAIFEX shall be based on the clearing margin calculated according to TAIFEX’s Criteria and Collecting Methods Regarding Clearing Margins, plus a percentage prescribed by TAIFEX.

If the last trading day falls on a holiday or if trading cannot proceed on that day due to a force majeure event, the next business day shall be the last trading day. (Please refer to Trading Rule.)