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┌────────┬────────────────────────┐
│Item │Description │
├────────┼────────────────────────┤
│Underlying │Common stocks or exchange-traded funds (ETFs) │
│ │listed on Taiwan Stock Exchange or Taipei │
│ │Exchange. │
├────────┼────────────────────────┤
│Contract Name │Equity options │
├────────┼────────────────────────┤
│Ticker Symbol │Each option is assigned a ticker symbol. │
├────────┼────────────────────────┤
│Contract Unit │Common Stocks：2,000 shares of underlying │
│ │security. │
│ │Exchange-traded securities investment trust │
│ │funds：10,000 beneficial units of underlying │
│ │security. │
│ │Offshore ETFs：Contract size will be determined │
│ │by TAIFEX. │
│ │ │
│ │(Unless in the case of Contract Adjustments) │
├────────┼────────────────────────┤
│Exercise Style │European │
├────────┼────────────────────────┤
│Contract Months │Spot month, the next calendar month, and the │
│ │next three quarterly months │
├────────┼────────┬────────┬──────┤
│Strike Price │ │The Monthly │The │
│Interval │ │Options Interval│Quarterly │
│ │ Strike Price │(Spot month and │Options │
│ │ │the next │Interval │
│ │ │calendar month) │(The next │
│ │ │ │quarterly │
│ │ │ │months) │
│ ├────────┼────────┼──────┤
│ │NTD 2 or above, │ │ │
│ │but below NTD 10│ │ │
│ │(The minimum │ NTD 0.2 │ NTD 0.4 │
│ │strike price │ │ │
│ │is NT$2.) │ │ │
│ ├────────┼────────┼──────┤
│ │NTD 10 or above,│ NTD 0.5 │ NTD 1 │
│ │but below NTD 25│ │ │
│ ├────────┼────────┼──────┤
│ │NTD 25 or above,│ NTD 1 │ NTD 2 │
│ │but below NTD 50│ │ │
│ ├────────┼────────┼──────┤
│ │NTD 50 or above,│ │ │
│ │but below │ NTD 2.5 │ NTD 5 │
│ │NTD 100 │ │ │
│ ├────────┼────────┼──────┤
│ │NTD 100 │ │ │
│ │or above,but │ NTD 5 │ NTD 10 │
│ │below NTD 250 │ │ │
│ ├────────┼────────┼──────┤
│ │NTD 250 │ │ │
│ │or above, but │ NTD 10 │ NTD 20 │
│ │below NTD 500 │ │ │
│ ├────────┼────────┼──────┤
│ │NTD 500 │ │ │
│ │or above, but │ NTD 25 │ NTD 50 │
│ │below NTD 1,000 │ │ │
│ ├────────┼────────┼──────┤
│ │NTD 1,000 │ NTD 50 │ NTD 100 │
│ │or above │ │ │
├────────┼────────┴────────┴──────┤
│Strike(Exercise)│For listing series of new expiration months or │
│Price │series with new strike prices for existing │
│ │expirations dates, TAIFEX shall, based on the │
│ │given day's opening reference price of the │
│ │underlying securities, consecutively introduce │
│ │series with new strike prices according to the │
│ │strike price interval above, until the highest │
│ │and lowest strike prices cover 15 percent above │
│ │and below the base price. │
├────────┼────────────────────────┤
│Premium │Contract premium is quoted by points │
│Quotation │Premium< 5 points: 0.01 points │
│ │Premium≧5 points,<15 points: 0.05 points │
│ │Premium≧15 points,<50 points: 0.1 points │
│ │Premium≧50 points, <150 points: 0.5 points │
│ │Premium≧150 points, <1000 points: 1 point │
│ │Premium≧1,000 points: 5 points │
├────────┼────────────────────────┤
│Daily Price │Common Stocks or ETFs comprising only domestic │
│Limit │securities：Maximum change of premium │
│ │(in points) shall be maximum change of value of │
│ │the underlying asset divided by premium │
│ │multiplier. │
│ │ETFs comprising foreign securities or offshore │
│ │ETFs：Maximum change of premium (in points) │
│ │shall be 15 percent above and below the opening │
│ │quote of the underlying security (Unless in the │
│ │case of contract adjustment). │
├────────┼────────────────────────┤
│Trading Hours │Underlying Security of a Stock Option Contract │
│ │is a stock or a domestic component securities │
│ │ETF：08:45AM - 1:45PM Taiwan time Monday through│
│ │Friday of the regular business days of the │
│ │Underlying │
│ │Underlying Security is an ETF with foreign │
│ │component securities or an offshore ETF： │
│ │08:45AM - 4:15PM Taiwan time Monday through │
│ │Friday of the regular business days of the │
│ │Underlying │
│ │08:45AM - 1:30PM on the last trading day for │
│ │the delivery month contract │
├────────┼────────────────────────┤
│Last Trading │The third Wednesday of the contract month │
│Day │ │
├────────┼────────────────────────┤
│Expiration Day │The same as the last trading day │
├────────┼────────────────────────┤
│Settlement │Cash settlement │
├────────┼────────────────────────┤
│Final Settlement│The price is computed by applying the Simple │
│Price │Arithmetic Average Price Method to price of the │
│ │underlying stock taken within 60 minutes prior │
│ │to close of trading. Method used to calculate │
│ │final settlement price. │
├────────┼────────────────────────┤
│Position Limit │Any investor's aggregate open same-side │
│ │positions in the Contract for various contract │
│ │months at any time shall not exceed the limit │
│ │standards announced by TAIFEX. │
│ │ │
│ │Institutional investors may apply for an │
│ │exemption 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. │
│ │ │
│ │If the underlying security is a common stock │
│ │and the number of shares represented by the │
│ │overall market open positions of a single │
│ │stock futures and an equity option on the │
│ │same underlying security at the close of any │
│ │trading day exceeds 15 percent of the total │
│ │number of outstanding shares of the underlying │
│ │security, TAIFEX may impose a restriction on │
│ │adding new positions and only allow closing out │
│ │existing positions on the following trading day,│
│ │unless otherwise provided. TAIFEX may lift the │
│ │restriction on the next trading day when the │
│ │aforesaid percentage of such contracts has │
│ │fallen to a level below 12 percent. │
│ │ │
│ │If the underlying security is an exchange-traded│
│ │securities investment trust fund and the number │
│ │of beneficial units represented by the overall │
│ │market open positions of a single stock futures │
│ │and an equity option on the same underlying │
│ │security at the close of any trading day exceeds│
│ │70 percent of the total number of beneficial │
│ │units already issued by the fund, TAIFEX may │
│ │impose a restriction on adding new positions │
│ │and only allow closing out existing positions │
│ │on the following trading day, unless otherwise │
│ │provided. TAIFEX may lift the restriction on │
│ │the next trading day when the aforesaid │
│ │percentage of such contracts has fallen to a │
│ │level below 56 percent. │
│ │ │
│ │If the underlying security is an offshore ETF │
│ │and the number of units represented by the │
│ │overall market open positions of a single stock │
│ │futures and an equity option on the same │
│ │underlying security at the close of any trading │
│ │day exceeds 70 percent of the total number of │
│ │units of that fund offered and sold domestically│
│ │within the ROC territory, TAIFEX may impose a │
│ │restriction on adding new positions and only │
│ │allow closing out existing positions on the │
│ │following trading day, unless otherwise │
│ │provided. TAIFEX may lift the restriction on the│
│ │next trading day when the aforesaid percentage │
│ │of such contracts has fallen to a level below │
│ │56 percent. │
└────────┴────────────────────────┘
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