TAIWAN FUTURES EXCHANGE-Products-Equity Index Futures-Electronics Sector Index Futures

Item	Description
Underlying Index	Taiwan Stock Exchange Electronics Sector Index
English Code	TE
Ticker Symbol	EXF
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
Last Trading Day	The third Wednesday of the delivery month of each contract
Trading Hours	Trading days are the same as the regular business days of the Taiwan Stock Exchange 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 4,000 x per index point
Minimum Price Fluctuation	0.05 index points (NTD 200)
Price Limit	+/- 10% of daily settlement price of preceding regular trading session.
Margin	The initial and maintenance margin level 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 Taiwan Futures Exchange Corporation Methods and Standards for Receipt of Clearing Margins, plus a percentage prescribed by TAIFEX.
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 otherwise determined by TAIFEX according to the Trading Rules.
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.
Settlement	Cash settlement
Position Limit	Combined with the calculation of ZEF position limit (on a pro rata basis of 1:8 contract size) 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.

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.)