TAIWAN FUTURES EXCHANGE-Products-Equity Index Futures-Taiwan Mid-Cap 100 Futures(To be launched on Dec.9)

Item	Description
Underlying Index	FTSE TWSE Taiwan Mid-Cap 100 Index
Ticker Symbol	M1F
Trading Hours	Trading days are the same as the regular business days of the Taiwan Stock Exchange (TWSE) Regular trading session: 08:45AM-1:45PM Taiwan time. 08:45AM-1:30PM on the last trading day for the delivery month contract After-hours trading session: 03:00PM on trading day of TWSE- 05:00AM of the following day; no after-hours trading session on the last trading day for the delivery month contract
Contract Size	NTD 10 x Taiwan Mid-Cap 100 Futures Price
Delivery Months	Spot month, the next two calendar months, and the next three quarterly months. Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session.
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 of regular trading session, or as otherwise determined by TAIFEX according to the Trading Rules.
Daily Price Limit	+/- 10% of daily settlement price of preceding regular trading session
Minimum Price Fluctuation	1 index point (NTD 10)
Last Trading Day	The third Wednesday of the delivery month
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. The method used to calculate the final settlement price is prescribed by TAIFEX.
Settlement	Cash settlement
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 purposes. 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 trading margin and the maintenance margin may not be lower than the publicly announced TAIFEX standard for the initial margin and the maintenance margin. The initial margin and maintenance margin announced by the TAIFEX shall be based on the clearing margin calculated according to the Taiwan Futures Exchange Corporation Methods and Standards for Receipt of 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 Rules.)

*“FTSE^®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under licence. “TWSE®” is a trade mark of the Taiwan Stock Exchange Corporation (“TWSE”). All rights in the FTSE TWSE Taiwan Mid-Cap 100 Index (the “Index”) vest in FTSE and TWSE. Neither FTSE nor TWSE nor any of their affiliates or licensors: (a) assumes any liability, losses, damages, expenses or obligations in connection with any derivative product based on the Index; or (b) accepts any liability for any errors or omissions, fitness for a particular purpose or the results to be obtained from the use of the Index or related data. No party may rely on the Index or related data contained in this communication which Index and data is owned by FTSE or TWSE or their affiliates. No use or distribution of the Index is permitted without FTSE’s or TWSE’s express written consent. Neither FTSE nor TWSE promotes, sponsors or endorses the content of this communication nor any financial or derivative product that it relates to.