TAIWAN FUTURES EXCHANGE-Products-Equity Index Futures-Nasdaq-100 Futures

Item	Description
Underlying Index	Nasdaq-100 Index^®
Ticker Symbol	UNF
Trading Hours (Taipei Time)	Trading days conform to regular exchange trading days Regular Session: 8:45~13:45 After-hours Session: 15:00~5:00.The expiring contract on the last trading day trades until 22:30. In the event during the U.S. Daylight Saving Time, trading in the expiring contract shall end at 21:30.
Contract Size	TWD 50 x TAIFEX Nasdaq-100 Futures Price
Delivery Months	Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
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	3-Level Price Limits at ±7%, ±13% and ±20% of the daily settlement price of the preceding regular trading session
Minimum Price Fluctuation	1 index point (TWD 50)
Last Trading Day	The third Friday of the contract expiration month (If the third Friday is a non-business day of TAIFEX or a day on which Nasdaq-100 Index^® is not scheduled to be published, the last trading day shall be the preceding business day at TAIFEX and on which the Nasdaq-100 Index^® is scheduled to be published)
Final Settlement Day	The first business day following the last trading day
Final Settlement Price	Special Opening Quotation (SOQ) of the Nasdaq-100 Index^® on 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 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 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 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 market circumstances:

If the third Friday of the delivery month is a non-business day of the TAIFEX or a day on which the Index is not scheduled to be published, the last trading day shall be changed to the preceding business day of the TAIFEX and on which the Index is scheduled to be published.
If trading during the after-hours trading session on the last trading day cannot proceed due to a force majeure event or other factors, the next following business day, both on TAIFEX and on which the Index is scheduled to be published, shall be the last trading day.

(Please refer to Trading Rules.)

Nasdaq^®, Nasdaq-100^® and Nasdaq-100 Index^® are trademarks of Nasdaq, Inc. (which with its affiliates are the Corporations) and are licensed for use by Taiwan Futures Exchange Corporation. TAIFEX Nasdaq-100 Futures have not been passed on by the Corporations as to their legality or suitability. TAIFEX Nasdaq-100 Futures are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO TAIFEX NASDAQ-100 FUTURES.