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Item
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Description
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Underlying Index
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Taiwan Stock Exchange Non-Finance Non-Electronics Sub-Index
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Ticker Symbol
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XIF
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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
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 10 x per index point
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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 10)
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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. Method used to calculate final settlement price.
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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.
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