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USD/CNT FX Options
 Item  Description
Underlying USD/ RMB(Renminbi) FX rate
Ticker Symbol RTO
Exercise Style European (exercisable on expiration date only)
Contract Size USD 20,000
Expiration Months Spot month, the next calendar month, and the next four quarterly months.
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
Strike Price Interval RMB 0.02 for spot and the next calendar month; RMB 0.04 for the next four quarterly months
Strike Price For listing series of new expiration months or series with new strike prices for existing expiration dates, TAIFEX shall, based on the daily settlement price of preceding regular trading session of the corresponding USD/CNT FX Futures (base price), in the regular trading session consecutively introduce series with new strike prices according to the strike price interval above, until the following conditions are satisfied:
  • For the spot and the next monthly options, the highest and lowest strike prices should cover 2 percent above and below the base price.
  • For the next 4 quarterly options, the highest and lowest strike prices should cover 4 percent above and below the base price.
Premium Quotation 0.0001 point (RMB 2)
Price Limits +/- 7% of daily settlement price of preceding regular trading session of the corresponding USD/CNT FX Futures
Position Limit
  • Open positions held on either side of the market at any time shall not exceed the limit standard announced by TAIFEX.
  • “Open positions on either side of the market” means the total of call options bought and put options sold or the total of call options sold and put options bought.
  • Institutional investors may apply for an exemption from the above limit on trading accounts for hedging purposes.
  • The 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.
Trading Hours Trading days are the same as bank business days in Taiwan
  • Regular trading session:08:45AM-4:15PM Taiwan time, 08:45AM-11:00AM on the last trading day for the expired contract
  • After-hours trading session: 05:25PM on trading day - 05:00AM of the following day; no after-hours trading session on the last trading day for the delivery month contract
Last Trading Day The third Wednesday of the expiration month.
Final Settlement Day The same day as the last trading day
Final Settlement Price Spot USD/CNY (TW) fixing published at 11:15 a.m. on the Last Trading Day by Taipei Foreign Exchange Market Development Foundation
Settlement Cash settlement. A contract that is in-the-money shall be exercised automatically.

If any of the following circumstances occurs on the last trading day, then the next business day shall be the last trading day, provided that the TAIFEX may adjust that date in view of the following circumstances:

1.The last trading day falls on a TAIFEX holiday, or trading cannot proceed due to a force majeure event.

2.Other factors affect the trading or settlement of the Contracts.

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