TAIWAN FUTURES EXCHANGE-Products-Equity Index Futures-TOPIX Futures

Item	Description
Underlying Index	Tokyo Stock Price Index (TOPIX)
Ticker Symbol	TJF
Trading Hours	Trading days conform to regular exchange trading days 8:00AM-4:15PM Taiwan time
Contract Size	NTD 200 x per index point
Delivery Months	Spot month, the next calendar month, and the next three quarterly months
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	Three-phase price limit, applied on ±8%, ±12% and ±16% of previous trading day's settlement price.
Minimum Price Fluctuation	0.25 index points (NTD 50)
Last Trading Day	The business day preceding the second Friday of each contract month. New contracts will be listed on the next business day.
Final Settlement Day	The first business day following the last trading day
Final Settlement Price	Special Quotation on the Tokyo Stock Exchange, Inc. (TSE) business day following the last trading day
Settlement	Cash settlement
Position Limit	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 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 are subject to the limits for institutional investors.
Margin	The initial and maintenance margin levels, and the collection measures that the FCM prescribes for its customers, may not be less than those required by the TAIFEX. The initial margin and maintenance margin announced by the TAIFEX shall be based on the clearing margin calculated according to the Taiwan Futures Exchange Corporation Methods and Standards for Receipt of Clearing Margins plus a percentage prescribed by the TAIFEX.

If any of the following circumstances occurs 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 circumstances:

If the second Friday of the delivery month is not a TSE business day, the last trading day will be changed to the TAIFEX business day immediately preceding the TSE business day that immediately precedes the second Friday of the delivery month.
If the last trading day falls on a national holiday in Taiwan, it will be changed to the TAIFEX business day immediately preceding the holiday.
If trading on the last trading day cannot proceed due to a force majeure event or other factor, the last trading day shall be postponed to the TAIFEX business day immediately preceding the second TSE business day following such event or factor.
If trading on the last trading day cannot proceed due to a force majeure event or other factor, the last trading day shall be postponed to the TAIFEX business day immediately preceding the second TSE business day following such event or factor.

(Please see “Taiwan Futures Exchange Corporation Trading Rules for Tokyo Stock Price Index (TOPIX) Futures Contracts” for further details.)

*TOPIX is calculated by JPX Market Innovation & Research, Inc.. JPX Market Innovation & Research, Inc. does not sponsor, endorse or promote this product.

*All copyright in the index values and constituent list vests in JPX Market Innovation & Research, Inc.. Taiwan Future Exchange has obtained a license from JPX Market Innovation & Research, Inc. to use such copyright in the creation of this product.