|Underlying||Gold with a purity of 0.9999|
|Abbreviation||Gold Options (gold call, gold put)|
|Exercise Style||European(exercisable on expiration date only)|
|Contract Size||5 Taiwan taels (50 Taiwan cians or 187.5 grams)|
|Strike Price Interval||
|Strike (Exercise) Price||
|Premium Quotation||0.5 points (NTD 25)|
|Price Limits||3-Level Price Limits at ±5%, ±10% and ±15% of the daily settlement price of the preceding regular trading session of nearest month NT Dollar gold futures contract.|
|Trading Hours||Trading days conform to regular exchange trading days
|Last Trading Day||Third-to-last business day in the delivery month.|
|Expiration Day||The first business day following the last trading day|
|Final Settlement Price||The final settlement price 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 TGO.
- 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.