S&P 500 Futures
|Underlying Index||S&P 500® Index|
|Contract Size||TWD 200 x TAIFEX S&P 500 Futures Price|
|Delivery Months||Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)|
|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 as otherwise determined by TAIFEX according to the Trading Rules.|
|Daily Price Limit||3-Level Price Limits at ±7%, ±13% and ±20% of the daily settlement price of the preceding regular trading session|
|Minimum Price Fluctuation||0.25 index points (TWD 50)|
|Last Trading Day||The third Friday of the contract expiration month (If the third Friday is a non-business day of TAIFEX or a day on which S&P 500 Index is not scheduled to be published, the last trading day shall be the preceding business day at TAIFEX and on which the S&P 500 Index is scheduled to be published)|
|Final Settlement Day||The first business day following the last trading day|
|Final Settlement Price||Special Opening Quotation (SOQ) of the S&P 500 Index on the last trading day|
|The last trading day shall be adjusted accordingly as follows, provided that the TAIFEX may adjust that date in view of market circumstances:|
|1.||If the third Friday of the delivery month is a non-business day of the TAIFEX or a day on which S&P 500® Index is not scheduled to be published, the last trading day shall be changed to the preceding business day both on TAIFEX and on which the S&P 500® Index is scheduled to be published.|
|2.||If trading during the after-hours trading session on the last trading day cannot proceed due to a force majeure event or other factors, the next following business day, both on TAIFEX and on which the S&P 500® Index is scheduled to be published, shall be the last trading day.|
|(Please refer to Trading Rules.)|
* S&P Dow Jones Indices LLC (“SPDJI”) and Chicago Mercantile Exchange Inc. (“CME” and together with SPDJI, the “Index Licensors”) license the Exchange to use various S&P Stock Indices (the “S&P Stock Indices”) in connection with the trading of futures contracts and options on futures contracts based upon such indices. Neither of the Index Licensors shall have any liability for any damages, claims, losses or expenses caused by any errors or delays in calculating or disseminating the S&P Stock Indices or special open quotations in connection therewith.
* Neither Index Licensor guarantees the accuracy and/or completeness of the S&P Stock Indices, special open quotations (“SOQ”) or any data included therein. Neither Index Licensor makes any warranty, express or implied, as to the results to be obtained by any person or any entity from the use of the S&P Stock Indices, SOQ or any data included therein in connection with the trading of futures contracts, options on futures contracts or any other use. Neither Index Licensor makes any express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the S&P Stock Indices, SOQ or any data included therein. Without limiting any of the foregoing, in no event shall any Index Licensor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.