TAIFEX NT Dollar Gold Futures
|Underlying||Gold with a purity of 0.9999|
|Abbreviation||NT Dollar Gold Futures|
Trading days conform to regular exchange trading days
|Contract Size||10 Taiwan taels (100 Taiwan cians or 375 grams)|
|Daily Settlement Price||The daily settlement price is the volume-weighted average price of all trades during the last minute of regular trading session, or as otherwise determined by TAIFEX according to the Trading Rules for NT Dollar Denominated Gold Futures.|
|Price Limits||3-Level Price Limits at ±5%, ±10% and ±15% of the daily settlement price of the preceding regular trading session.|
|Price Quotation and Tick Size||
|Last Trading Day||Third last business day of the delivery month.|
|Final Settlement Day||The first business day following the last trading day|
|Final Settlement Price||The final settlement price of the Contracts shall be set
on the basis of the LBMA Gold Price AM announced by ICE
Benchmark Administration Limited(IBA) on the same calendar day
as the last trading day and the USD/TWD spot exchange rate at 11
AM Taiwan time announced by Taipei Forex Inc. on the last
trading day, after conversion for weight and fineness. The
formula for its calculation is as follows:
(LBMA Gold Price AM ÷ 31.1035 × 3.75 × 0.9999 ÷ 0.995 )× the USD/TWD spot exchange rate at 11 AM
- 1 troy ounce = 31.1035 grams, 1 Taiwan cian = 3.75 grams; the LBMA Gold Price AM is on 0.995 gold, while the underlying of this contract is 0.9999 gold.
- If the last trading day falls on a national holiday, or a day on which the London gold market is closed, or if trading may not proceed on that day due to a force majeure event, the next business day shall be the last trading day. However, TAIFEX may make adjustments as circumstances warrant.(Please refer to Trading Rules.)
- ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF THE LBMA GOLD PRICE AND/OR THE FIGURE AT WHICH THE LBMA GOLD PRICE STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE. ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO TAIFEX TGF.
- LBMA Gold Price is a trade mark of Precious Metals Prices Limited.
- Copying, dissemination and use of LBMA Gold Price without the express written permission of IBA is prohibited.