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┌────────┬─────────────────────┐
│Item │Description │
├────────┼─────────────────────┤
│Underlying │Gold with a purity of 0.995 │
├────────┼─────────────────────┤
│Ticker Symbol │GDF │
├────────┼─────────────────────┤
│Trading Hours │Trading days conform to regular exchange │
│ │trading days │
│ │Regular trading session: 08:45AM-04:15PM │
│ │Taiwan time │
│ │After-hours trading session: 05:25PM on │
│ │trading day - 05:00AM of the following day│
│ │; no after-hours trading session on the │
│ │last trading day for the delivery month │
│ │contract │
├────────┼─────────────────────┤
│Contract Size │10 troy ounces │
├────────┼─────────────────────┤
│Delivery │6 consecutive even months │
│Months │(Feb., Apr., Jun., Aug., Oct., Dec.) │
│ │Upon expiration of near month, new │
│ │contract month will be listed for trading │
│ │beginning on the next regular trading │
│ │session. │
├────────┼─────────────────────┤
│Daily Settlement│The daily settlement price is the volume │
│Price │weighted average price, which is │
│ │calculated by dividing the value of trades│
│ │by the volume within the last one minute │
│ │of regular trading session, or as │
│ │otherwise determined by TAIFEX according │
│ │to the Trading Rules. │
├────────┼─────────────────────┤
│Price Limits │3-Level Price Limits at ±5%, ±10% and ±15%│
│ │of the daily settlement price of the │
│ │preceding regular trading session │
├────────┼─────────────────────┤
│Minimum Price │USD 0.10 per troy ounce │
│Fluctuation │(USD 1 per contract) │
├────────┼─────────────────────┤
│Last Trading │Trading terminates at the close of │
│Day │business on the third to last business day│
│ │of the maturing delivery month. │
├────────┼─────────────────────┤
│Final Settlement│The first business day following the last │
│Day │trading day │
├────────┼─────────────────────┤
│Final Settlement│The final settlement price will be based │
│Price │upon the LBMA Gold Price AM as released │
│ │by ICE Benchmark Administration │
│ │Limited(IBA) 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 │
│ │accounts are subject to the limits for │
│ │institutional investors. │
├────────┼─────────────────────┤
│Margin │The initial and maintenance margin levels │
│ │as well as the collection measures │
│ │prescribed by the FCM to its customers │
│ │shall not be less than those required by │
│ │TAIFEX. │
│ │ │
│ │The initial margin and maintenance margin │
│ │announced by TAIFEX shall be based on the │
│ │clearing margin calculated according to │
│ │Taiwan Futures Exchange Corporation │
│ │Methods and Standards for Receipt of │
│ │Clearing Margins, plus a percentage │
│ │prescribed by TAIFEX. │
│ │ │
│ │Payment/receipt of the principal's margins│
│ │may be in New Taiwan Dollars or in a │
│ │foreign currency publicly announced by │
│ │TAIFEX, as stipulated between the │
│ │principal and the futures commission │
│ │merchant, with the futures commission │
│ │merchant acting as foreign exchange │
│ │settlement agent. The futures commission │
│ │merchant shall conduct the required │
│ │exchange settlements in accordance with │
│ │the Regulations Governing the Reporting │
│ │of Foreign Exchange Receipts and │
│ │Disbursements or Transactions prescribed │
│ │by the Central Bank of the Republic of │
│ │China (Taiwan). │
└────────┴─────────────────────┘
‧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 GDF.
‧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.
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