Thailand Futures Exchange (TFEX), a subsidiary of the Stock Exchange of Thailand (SET), was established on May 17, 2004 as a derivatives exchange. TFEX is governed by the Derivatives Act B.E. 2546 (2003) and is under the supervision of the Securities and Exchange Commission (SEC). TFEX receives license and permission to trade derivatives products from the SEC on Feb 11, 2005.
Thailand Futures Exchange (TFEX) provide investors, fund managers, financial institution and the general public with the necessary tools to manage their portfolio effectively. TFEX offers comprehensive product offering such as SET50 Index Futures, SET50 Index Options, Gold Futures, Rubber Futures, Currency Futures, Interest Rate Futures and Single Stock Futures. TFEX are constantly developing new product that will benefit the current market. Recent development of TFEX to becoming a global derivative exchange includes Block Trading and Extended Trading Hours of Precious metals Futures.
UOB Kayhian Securities (Thailand) Public Company Limited is a Full License Member of Thailand Futures Exchange (TFEX) that can trade all products listed on TFEX and also is a member of The Thailand Clearing House (TCH) , the subsidiary of The Stock Exchange of Thailand (SET).
Thailand Futures Exchange (TFEX), a subsidiary of the Stock Exchange of Thailand (SET), was established on May 17, 2004 as a derivatives exchange. TFEX is governed by the Derivatives Act B.E. 2546 (2003) and is under the supervision of the Securities and Exchange Commission (SEC). TFEX receives license and permission to trade derivatives products from the SEC on Feb 11, 2005.
Thailand Futures Exchange (TFEX) provide investors, fund managers, financial institution and the general public with the necessary tools to manage their portfolio effectively. TFEX offers comprehensive product offering such as SET50 Index Futures, SET50 Index Options, Gold Futures, Rubber Futures, Currency Futures, Interest Rate Futures and Single Stock Futures. TFEX are constantly developing new product that will benefit the current market. Recent development of TFEX to becoming a global derivative exchange includes Block Trading and Extended Trading Hours of Precious metals Futures.
UOB Kayhian Securities (Thailand) Public Company Limited is a Full License Member of Thailand Futures Exchange (TFEX) that can trade all products listed on TFEX and also is a member of The Thailand Clearing House (TCH) , the subsidiary of The Stock Exchange of Thailand (SET).
How to read Ticker Symbol
Futures: S50Z18 = SET50 Index Futures expiring on December, 2018.
Options:S50Z18C950 = SET50 Index Call Options expiring on December, 2018 with strike price of 950.
Delivery Months Symbol
| Delivery Months Symbol | |
|---|---|
| January | F |
| February | G |
| March | H |
| April | J |
| May | K |
| June | M |
| July | N |
| August | Q |
| September | U |
| October | V |
| November | X |
| December | Z |
Ticker Symbol
| Ticker Symbol | |
|---|---|
| SET50 Index Futures | S50 |
| SET50 Index Options | S50 |
| Sector Index Futures : | |
| Sector Bank Index | BANK |
| Sector ICT Index | ICT |
| Sector Energy & Utilities Index | ENERG |
| Sector Commerce Index | COMM |
| Sector Food and Beverage Index | FOOD |
| Stock Futures | Same as stock symbol |
| 50 Baht Gold Futures | GF |
| 10 Baht Gold Futures | GF10 |
| Gold Online Futures | GO |
| Interest Rate Futres : | |
| 5Y GOV Bond Futures | TGB5 |
| 3M BIBOR Futures | BB3 |
| USD Futures | USD |
| Rubber Futures | RSS3 |
Trading Hours of All Product
| Trading Hours of All Product | ||
|---|---|---|
| Morning | Afternoon | Night |
| Pre open: 9.15 – 9.45 Morning Session: 9.45 – 12.30 |
Pre open: 13.45 – 14.15 Afternoon Session: 14.15 – 16.55 |
Pre open: 18.45 – 19.00 Night Session: 19.00 – 23.55 |
| SET50 Index Futures SET50 Index Options Sector Index Futures Stock Futures |
SET50 Index Futures SET50 Index Options Sector Index Futures Stock Futures |
|
| Gold Futures Gold Online Futures |
Gold Futures Gold Online Futures | Gold Futures Gold Online Futures |
| Interest Rate Futures | Interest Rate Futures (End 16.00 hrs.) |
|
| USD Futures | USD Futures | |
| Rubber Futures | Rubber Futures (non lunch break) |
|
Last Trading Day of All Product
| Last Trading Day of All Product | |
|---|---|
| Product | Last Trading Day |
| SET50 Index Futures SET50 Index Options Sector Index Futures Stock Futures Gold Futures Gold Online |
The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Interest Rate Futures : 5Y GOV Bond Futures |
The third Wednesday of the contract month and the trading of series going to expire will be ceased after 16:00 hrs. on the last trading day |
| Interest Rate Futures : 3M BIBOR Futures |
The third Wednesday of the contract month and the trading of expiring contract will be ceased after 11:00 hrs. on the last trading day |
| USD Futures | The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 11:00 hrs. |
| Rubber Futures | The business day immediately preceding the last business day of the contract month. |
Combination Order
Combination Order is a time spread which is the purchase and sale of two different series simultaneously with the same underlying. Each combination series is predefined by TFEX as a combination strategy with two legs in TFEX.
Buy Combination
A buy combination order is a long in the far series and a short in the near series (buy far & sell near). For example, a buy combination order of S50M18U18 means long in S50U18 and short in S50M18.
Sell Combination
A sell combination order is a short in the far series and a long in the near series (sell far & buy near). For example, a sell combination order of S50M18U18 means short in S50U18 and long in S50M18.
* A Combination Order is not send order to Pre-open hrs.
Margin Call and Force Close
| Margin Call and Force Close | |
|---|---|
| Case 1 Intraday EB < MM |
If client has the value of Equity Balance (EB) less than Maintenance Margin (MM): EB < MM. Then client can take action one of the followings : 1. client can top up margin until EB >= MM before afternoon session ending (4.55 p.m.) or 2. client can close position until EB >= MM before afternoon session ending (4.55 p.m.) If client do not take action. Client may have Margin Call tomorrow. (case2) |
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| Case 2 At the end of trading day (T) EB < MM |
If client has the value of Equity Balance (EB) less than Maintenance Margin (MM): EB < MM at the end of trading . Then Client has to do one of the followings : 1. Transfer cash >= Margin Call (by 3.00 p.m. of T+1). or 2. ATS (Automatic Transfer) on T+1 = Margin Call : Please inform your Investment Consultant (IC) in case you could not use this method before 10.00 a.m. of T +1. or 3. Close position until your Equity Balance (EB) of T >= Initial Margin (IM) by 3.55 p.m. of T+1 Day T+1 If client do not take action by 3.55 p.m., Force Close action will taken by company until your EB of T >= Initial Margin (IM) |
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|
| Case 3 Intraday EB < FM |
If client has Equity Balance (EB) less than Intraday Force Close Margin (FM) : EB < FM, client has to top up margin until EB >= FM within 1 hour. If no action is taken, Force Close action will taken by company |
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| Case 4 Intraday at 12.30 P.M EB < FM |
If Equity Balance (EB) in your portfolio is still less than Intraday Force Close Margin (FM) at 12.30 p.m.: EB < FM. Then Client has to do as the followings : 1. client has to top up margin until EB >= FM within 1 hour If no action is taken, Force Close action will taken by company. and 2. client has to top up margin until EB >= MM before 3.55 p.m. If no action is taken, Force Close action will taken by company. |
| * The force close action begins with closing position of contracts with the highest mark-to-market loss to the lowest, in that order. In case that the highest mark-to-market loss contracts cannot be force closed because of illiquidity, the contracts with the next highest mark-to-market loss and with sufficient liquidity will be force closed. | |
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|
| SET50 Index Futures (S50) | |
|---|---|
| Underlying Asset | SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand |
| Contract Multiplier | THB 200 per index point |
| Contract Months | 3 nearest consecutive months plus next 3 quarterly months |
| Minimum Price Fluctuations | 0.10 index point (or THB 20 per contract) |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:55 |
| Final Settlement Price | The final settlement price shall be the numerical value of the SET50 Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 delta equivalent SET50 Index Futures contracts on one side of the market in any contract months of SET50 Index Futures and SET50 Index Options combined. |
| Settlement Method | Cash Settlement |
| BANK Index Futures (BANK) | |
|---|---|
| Underlying Asset | Sector Bank Index computed and disseminated by the Stock Exchange of Thailand. |
| Contract Multiplier | THB 1,000 per index point |
| Contract Months | March, June, September, December up to 4 quarters |
| Minimum Price Fluctuations | 0.10 index point (or THB 100 per contract) |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 14:00 – 14:30 Afternoon session 14:30 – 16:55 |
| Final Settlement Price | The final settlement price shall be the numerical value of the Sector Bank Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months combined. |
| Settlement Method | Cash Settlement |
| ICT Index Futures (ICT) | |
|---|---|
| Underlying Asset | Sector ICT Index computed and disseminated by the Stock Exchange of Thailand. |
| Contract Multiplier | THB 1,000 per index point |
| Contract Months | March, June, September, December up to 4 quarters |
| Minimum Price Fluctuations | 0.10 index point (or THB 100 per contract) |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 14:00 – 14:30 Afternoon session 14:30 – 16:55 |
| Final Settlement Price | The final settlement price shall be the numerical value of the Sector ICT Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months combined |
| Settlement Method | Cash Settlement |
| FOOD Index Futures (FOOD) | |
|---|---|
| Underlying Asset | Sector Food and Beverage Index computed and disseminated by the Stock Exchange of Thailand. |
| Contract Multiplier | THB 10 per index point |
| Contract Months | March, June, September, December up to 4 quarters |
| Minimum Price Fluctuations | 1 index point (or THB 10 per contract) |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 14:00 – 14:30 Afternoon session 14:30 – 16:55 |
| Final Settlement Price | The final settlement price shall be the numerical value of the Sector FOOD Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months combined |
| Settlement Method | Cash Settlement |
| ENERG Index Futures (ENERG) | |
|---|---|
| Underlying Asset | Sector Energy & Utilities Index computed and disseminated by the Stock Exchange of Thailand. |
| Contract Multiplier | THB 10 per index point |
| Contract Months | March, June, September, December up to 4 quarters |
| Minimum Price Fluctuations | 1 index point (or THB 10 per contract) |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 14:00 – 14:30 Afternoon session 14:30 – 16:55 |
| Final Settlement Price | The final settlement price shall be the numerical value of the Sector ENERG Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months combined |
| Settlement Method | Cash Settlement |
| COMM Index Futures (COMM) | |
|---|---|
| Underlying Asset | Sector Commerce Index computed and disseminated by the Stock Exchange of Thailand. |
| Contract Multiplier | THB 10 per index point |
| Contract Months | March, June, September, December up to 4 quarters |
| Minimum Price Fluctuations | 1 index point (or THB 10 per contract) |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 14:00 – 14:30 Afternoon session 14:30 – 16:55 |
| Final Settlement Price | The final settlement price shall be the numerical value of the Sector Commerce Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months combined |
| Settlement Method | Cash Settlement |
| Single Stock Futures | |
|---|---|
| Underlying Asset | Listed securities in SET which meet TFEX listing criteria. List of underlying will be announced by TFEX. |
| Contract Multiplier | 1,000 shares per contract |
| Contract Months | March, June, September, December up to 4 quarters |
| Minimum Price Fluctuations | THB 0.01 |
| Price Limit | +30% of the previous settlement price |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:55 |
| Final Settlement Price | The average of the underlying share price during last 15 minutes and the closing price on the last trading day, rounded to the nearest two decimal points. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Speculative Position Limit | Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months combined |
| Settlement Method | Cash Settlement |
| SET50 Index Options (S50C , S50P) | |
|---|---|
| Underlying Asset | SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand. |
| Exercise Style | European Options |
| Contract Multiplier | THB 200 per index point |
| Contract Months | 3 nearest consecutive months plus 1 quarterly month |
| Minimum Price Fluctuations | 0.10 index point (or THB 20 per contract) |
| Price Limit | +30% of the previous day’s SET 50 Index |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:55 |
| Final Settlement Price | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
| Final Settlement Price | The final settlement price shall be the numerical value of the SET50 Index, rounded down to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
| Speculative Position Limit | Net 20,000 delta equivalent SET50 Index Futures contracts on one side of the market in any contract months of SET50 Index Futures and SET50 Index Options combined. |
| Settlement Method | Cash Settlement |
| Gold Futures (10 and 50 Baht) | ||
|---|---|---|
| Heading | Mini Gold Futures(10 Baht) | Gold Futures (50 Baht) |
| Contact Size | 10 Thai Gold Baht (152.44 grams) (1 Thai Gold Baht = 15.244 grams) |
50 Thai Gold Baht (762.20 grams) (1 Thai Gold Baht = 15.244 grams) |
| Minimum Price Fluctuations | THB 10 (or THB 100 per contract) | THB 10 (or THB 500 per contract) |
| Underlying Asset | Sector Bank Index computed and disseminated by the Stock Exchange of Thailand. | |
| Underlying Asset | Gold Bullion with a purity of 96.5% | |
| Contract Months | 3 nearest even month : February, April, June, August, October, December | |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:55 Night Pre-open 18:45 – 18:50 Night session 18:50 – 03:00 (Next day) |
|
| Price Quotation | Baht per one baht-weight of gold | |
| Price Limit | Initial price limit is +10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to +20% of the latest settlement price. | |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of expiring contract will be ceased at 16:30 hrs on Last Trading Day. | |
| Final Settlement Price | The Final Settlement Price shall be calculated on - the basis of the London Gold A.M. Fixing price announced by London Gold Market Fixing Limited on the last trading day and the foreign exchange rate for Baht to US dollar announced by TFEX on the last trading day, after conversion for weight and fineness. The formula for its calculation is as follows: = London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD) |
|
| Settlement Method | Cash Settlement | |
| Speculative Position Limit | Exchange may announce the position limit as it deems appropriate. | |
Note
- 1 troy ounce = 31.1035 grams
- 1 Thai Gold Baht = 15.244 grams
- London Gold AM Fixing is based on 0.995 gold
- The underlying of gold futures contract is 0.965 gold
- Price per one baht-weight of gold (2 decimal points)
| Gold Online Futures (GO) | |
|---|---|
| Underlying Asset | Gold Bullion with a purity of 99.50% |
| Contract Size | THB 300 per 1 USD |
| Contract Months | |
| Price Quotation | Baht per 1 troy ounce of spot gold |
| Minimum Price Fluctuations | THB 0.1 (THB 30 per contract ) |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:55 Night Pre-open 18:45 – 18:50 Night session 18.50-03.00 (Next day) |
| Price Limit | Initial price limit is +10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to +20% of the latest settlement price. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of expiring contract will be ceased at 16:30 hrs on Last Trading Day. |
| Final Settlement Price | The Final Settlement Price shall be calculated on the basis of the London Gold A.M. Fixing price announced by London Gold Market Fixing Limited on the last trading day |
| Settlement Method | Cash Settlement |
| Speculative Position Limit | Exchange may announce the position limit as it deems appropriate. |
| 5Y Gov Bond Futures (TGB5) | |
|---|---|
| Underlying Asset | 5-Year Thai Government Bond with 5% coupon (semi-annual) |
| Contract Size | THB 1,000,000 |
| Contract Months | 2 nearest quarter months on March June September December cycle |
| Price Quotation | Price quoted by percent of par value with 2 decimal points. |
| Minimum Price Fluctuations | 0.01 (or THB100 per contract) |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 14:00 – 14:30 Afternoon session 14:15 – 16:00 |
| Price Limit | Initial price limit is +2.50% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to +5.00% of the latest settlement price. |
| Last Trading Day | The third Wednesday of the contract month and the trading of series going to expire will be ceased after 16:00 hrs. on the last trading day |
| Final Settlement Price | - Based on basket of eligible bond – A designated basket of Government Bonds with a minimum issuance size of ฿5,000 million and 4 - 6 year term to maturity on the first calendar day of the contract month. - Calculated from average yield quoted by primary dealers (4 decimal points) |
| Settlement Method | Cash Settlement |
| Speculative Position Limit | Net 10,000 contracts of 5Y Gov Bond Futures on one side of the market in any contract month or all contract months combined. |
| 3M BIBOR Futures (BB3) | |
|---|---|
| Underlying Asset | 3M BIBOR |
| Contract Size | THB 10,000,000 |
| Price Quotation | In terms of index 100.000 – Yield (on annual basis with 3 decimal points) |
| Minimum Price Fluctuations | 0.005 (or THB125 per contract) |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:00 |
| Price Limit | Initial price limit is +1.25% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to +2.50% of the latest settlement price. |
| Last Trading Day | The third Wednesday of the contract month and the trading of expiring contract will be ceased after 11:00 hrs. on the last trading day |
| Final Settlement Price | Calculated from 3M BIBOR fixed at 11:00 hrs. (BKK time) as announced by Bank of Thailand on the last trading day (4 decimal points) |
| Settlement Method | Cash Settlement |
| Speculative Position Limit | Net 2,000 contracts of 3M BIBOR Futures on one side of the market in any contract month or all contract months combined. |
| USD Futures (USD) | |
|---|---|
| Underlying Asset | US Dollar |
| Contract Size | 1,000 USD |
| Contract Months | 3 nearest consecutive months plus the next quarterly months (March, June, September, or December) |
| Price Quotation | The price is quoted in term of Baht per 1 US Dollar (with 2 decimal points) |
| Minimum Price Fluctuations | Tick size is 0.01 Baht (10 Baht per contract) |
| Trading Hours | Morning Pre-open 9:15 – 9:45 Morning session 9:45 – 12.30 Afternoon Pre-open 13:45 – 14:15 Afternoon session 14:15 – 16:55 Night Pre-open 18:45 – 18:50 Night session 18.50 – 23.55 *เริ่มขยายเวลาซื้อขายช่วงกลางคืนตั้งแต่วันที่ 27 ก.ย. 2564 เป็นต้นไป |
| Price Limit | Initial price limit is +2% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to +4% of the latest settlement price. |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 11:00 hrs. |
| Final Settlement Price | Calculated from the exchange rate announced by Thomson Reuters at 11:00 hrs (BKK time) on the last trading day (4 decimal points) |
| Settlement Method | Cash Settlement |
| Speculative Position Limit | Net 5,000 contracts on one side of the market in any contract month or all contract months combined |
| RSS3 Futures | |
|---|---|
| Underlying Asset | Natural Rubber Ribbed Smoke Sheet No. 3 according to the Green Book standard. The delivered goods must meet the standard and must be produce by the producer as specified by TCH. |
| Contract Size | 5,000 Kilograms (5 tons) |
| Contract Months | 7 nearest consecutive months |
| Price Quotation | THB per 1 Kilo |
| Minimum Price Fluctuations | THB 0.05 (or THB 250 per contract) |
| Trading Hours | Pre-open 9:15 – 9:45 Open session 9:45 – 16.55 |
| Price Limit | + 10% of the latest settlement price |
| Last Trading Day | The business day immediately preceding the last business day of the contract month. |
| Delivery Method | Delivery must be made within the time frame as set out by the TCH at buyer options between: 1. Free on Board (F.O.B) term at either Bangkok port, Lam Chabang port or other port as specified by the Exchange. 2. Delivery within local warehouse or other places as agreed upon by the buyer and the seller in the area of Bangkok, Nakornpathom, Pathumthani, Samutprakarn, Samutsakorn, Saraburi, Cholburi, Rayong, Chantaburi or other areas as specified by TCH. |
| Settlement Method | - Investors must submit acceptance / delivery notices within the stipulated timeframe for physical delivery. Only investors with capacity to take/deliver physical could submit the notices. - In case that delivery notices could not be matched with acceptance notices or investors fails to submit notices, the positions will be cash settled with the Final Settlement Price. - The Final Settlement Price will be calculated from the Volume Weight Average Price (VWAP) on the last trading day, providing that trading volume of expiring contract exceeds the level specified by exchange. If the trading volume does not meet the criteria, then use the last 3-Day average of Daily Settlement Price (including last trading day). |
| Speculative Position Limit | 1. 1,000 contracts for the nearest contract month 2. 10,000 contracts for all contracts month combined |
