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Item
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Description
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Underlying Index
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TIP Taiwan Market Biotechnology and Medical Care Index
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Ticker Symbol
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BTF
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Trading Hours
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‧08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the Taiwan Stock Exchange and the Taipei Exchange
‧08:45AM-1:30PM on the last trading day for the delivery month contract
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Contract Size
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NTD 50 x TIP Taiwan BIO Futures Price
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Delivery Months
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Spot month, the next two calendar months, and the next three quarterly months
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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 or otherwise determined by TAIFEX according to the Trading Rules.
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Daily Price Limit
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+/- 10% of previous day's settlement price
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Minimum Price Fluctuation
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1 index point (NTD 50)
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Last Trading Day
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The third Wednesday of the delivery month
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Settlement
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Cash settlement
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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. The method used to calculate the final settlement price is prescribed by TAIFEX.
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Position Limit
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‧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.
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Margin
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‧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.
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* TIP Taiwan Market Biotechnology and Medical Care（TIP Taiwan BIO）Index is owned by the Taiwan Index Plus Corporation（TIP） and the Taipei Exchange（TPEx）. The use of TIP Taiwan BIO index has been authorized by the TIP and the TPEx. The TIP and the TPEx make no warranties and bear no liability with respect to TIP Taiwan BIO Futures.
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