TAIWAN FUTURES EXCHANGE-Products-Equity Index Futures-Mini Finance Sector Futures

Item	Description
Underlying Index	TAIEX Finance and Insurance Sub-Index
Ticker Symbol	ZFF
Trading Hours	08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the Taiwan Stock Exchange 08:45AM-1:30PM on the last trading day for the delivery month contract
Contract Size	NTD 250 x Mini Finance Sector Futures Price
Delivery Months	Spot month, the next two calendar months, and the next three quarterly months
Daily Settlement Price	The daily settlement price is the same as that for the Finance Sector Index Futures
Daily Price Limit	+/- 10% of previous day's settlement price
Minimum Price Fluctuation	0.2 index points (NTD 50)
Last Trading Day	The third Wednesday of the delivery month
Settlement	Cash settlement
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.Method used to calculate final settlement price.
Position Limit	Combined with the calculation of TF position limit (on a pro rata basis of 4:1 contract size) 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 purpose. 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.)