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Item
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Description
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Underlying
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Gold with a purity of 0.995
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Ticker Symbol
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GDF
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Trading Hours
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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
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Contract Size
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1 troy ounce
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Delivery Months
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6 consecutive even 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.
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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 as otherwise determined by TAIFEX according to the Trading Rules.
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Price Limits
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3-Level Price Limits at ±5%, ±10% and ±15% of the daily settlement price of the preceding regular trading session
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Minimum Price Fluctuation
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USD 0.10 per troy ounce (USD 0.10 per contract)
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Last Trading Day
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Trading terminates at the close of business on the third to last business day of the maturing delivery month.
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Final Settlement Day
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The first business day following the last trading day
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Final Settlement Price
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The final settlement price will be based upon the LBMA Gold Price AM as released by ICE Benchmark Administration Limited(IBA) on the last trading day.
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Settlement
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Cash settlement
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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 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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Margin
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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).
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‧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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