| 1 |
┌───────┬──────────────────────┐
│Item │Description │
├───────┼──────────────────────┤
│Ticker Symbol │XEF │
├───────┼──────────────────────┤
│Underlying │USD/JPY FX rate │
├───────┼──────────────────────┤
│Trading Hours │‧Trading days are the same as bank business│
│ │ days in Taiwan │
│ │‧08:45AM-4:15PM Taipei time │
│ │‧08:45AM-2:00PM on the last trading day for│
│ │ the delivery month contract │
├───────┼──────────────────────┤
│Contract Size │USD 20,000 │
├───────┼──────────────────────┤
│Delivery │4 consecutive quarterly months │
│Months │ │
├───────┼──────────────────────┤
│Daily │The daily settlement price is the volume │
│Settlement │weighted average price, which is calculated │
│Price │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 │+/- 7% of previous day's settlement price │
│Limit │ │
├───────┼──────────────────────┤
│Price │JPY per USD │
│Quotation │ │
├───────┼──────────────────────┤
│Minimum Price │JPY 0.01 per USD (JPY 200 per contract) │
│Fluctuation │ │
├───────┼──────────────────────┤
│Last Trading │The third Wednesday of the delivery month. │
│Day │New contracts will be listed on the next │
│ │business day. │
├───────┼──────────────────────┤
│Final │The same day as the last trading day │
│Settlement │ │
│day │ │
├───────┼──────────────────────┤
│Final │The mid rate of WM/Reuters Intraday Spot │
│Settlement │Rates for USD/JPY at 2:00PM Taipei Time on │
│Price │the Last Trading Day, rounded to 2 decimal │
│ │places │
├───────┼──────────────────────┤
│Settlement │Cash settlement │
├───────┼──────────────────────┤
│Position Limit│‧Any trader'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 traders. │
├───────┼──────────────────────┤
│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 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. │
│ │‧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 China. │
└───────┴──────────────────────┘
|