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Item
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Description
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Underlying Index
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Taiwan Stock Exchange Electronics Sector Index
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English Code
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TE
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Ticker Symbol
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EXF
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Delivery Months
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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
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Last Trading Day
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The third Wednesday of the delivery month of each contract
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Trading Hours
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Trading days are the same as the regular business days of the Taiwan Stock Exchange
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
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Contract Size
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NTD 4,000 x per index point
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Minimum Price Fluctuation
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0.05 index points (NTD 200)
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Price Limits
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+/- 10% of daily settlement price of preceding regular trading session.
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Margin
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The initial and maintenance margin level 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.
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Daily Settlement Price
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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 of regular trading session, or otherwise determined by TAIFEX according to the Trading Rules.
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Final Settlement Day
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The same day as the last trading day
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Final Settlement Price
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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.
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Settlement
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Cash settlement
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Position Limit
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Combined with the calculation of ZEF position limit (on a pro rata basis of 1:8 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 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.
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