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

Item	Description
Underlying Index	TAIEX Finance and Insurance Sub-Index
English Code	TF
Ticker Symbol	FXF
Delivery Months	Spot month, the next two calendar months, and the next three quarterly months
Last Trading Day	The third Wednesday of the delivery month of each contract
Trading Hours	08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the Taiwan Stock Exchange 08:45AM-1:30PM on the last trading day for the delivery month contract
Contract Size	NTD 1,000 x per index point
Minimum Price Fluctuation	0.2 index points (NTD 200)
Daily Price Limit	+/- 10% of previous day's settlement price
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 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 ZFF position limit (on a pro rata basis of 1:4 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.)