TAIWAN FUTURES EXCHANGE-Products-Equity Index Futures-Micro TAIEX Futures

Item	Description
Underlying Index	Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX)
Ticker Symbol	TMF
Trading Hours	Trading days are the same as the regular business days of the Taiwan Stock Exchange(TWSE) 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 10 x Micro TAIEX Futures Price
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.
Daily Settlement Price	The daily settlement price is the same as that for the TAIEX futures
Daily Price Limit	+/- 10% of daily settlement price of preceding regular trading session.
Minimum Price Fluctuation	1 index point (NTD 10)
Last Trading Day	The third Wednesday of the delivery month
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.The method used to calculate the final settlement price is prescribed by TAIFEX.
Settlement	Cash settlement
Position Limit	TX, MTX, TMF and MXFFX positions are combined according to their respective contract sizes and are subject to TX position limits. 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.
Margin	The trading margin and the maintenance margin may not be lower than the publicly announced TAIFEX standard for the initial margin and the maintenance margin. 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 TAIFEX.

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.)