|Underlying Index||Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX)|
|Expiration Months / Weeks||Spot month, the next two calendar months, and the next
three quarterly months.
The TAIFEX may, in the regular trading session on the Wednesday in a given trading week, add the weekly futures for which the initial trading day is the given Wednesday and the last trading day is the next Wednesday. The exception is the second Wednesday of each month.
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
|Last Trading Day||For the weekly futures, the last trading day is the
next Wednesday of its listing day.
For the monthly and quarterly futures, the last trading day is the third Wednesday of the delivery month.
|Trading Hours||Trading days are the same as the regular business days
of the Taiwan Stock Exchange
|Contract Size||NTD 50 x per index point|
|Minimum Price Fluctuation||One index point (NTD 50)|
|Price Limits||+/- 10% of daily settlement price of preceding regular trading session.|
|Daily Settlement Price||For the weekly futures, 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.
For the monthly and quarterly futures, the daily settlement price is the same as that for the TAIEX futures.
|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||Combined with the calculation of TX position limit
(on a pro rata basis of 4:1 contract size)
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.)