HANG SENG
CONTRACT SPECIFICATIONS FOR HONG KONG STOCK INDEX
| Contract Code | HKK50 |
Basic Contract | 43 The index number of shares traded on the Hong Kong Futures Exchange for a contract month is used as reference ( Reference Month ) |
| Type of contract | Rolling Periodic Contract |
| Typical features of the Contract | This contract does not recognize the last trading day . Position still open at the end of the day will be extended automatically to the next day . |
| Unit Contract / Contract Multiplier | Rp 50000 per index number or US$ 5 per point |
| Minimum Tick Change | 1 ( one) index numbers |
Reference Month | Periodically , the Stock will be set one -month contract was the Settlement Price is used as reference for the Settlement Amounts. Month contract which will be the Reference Month is the Month Spot. |
| Daily Price Limits | There are no daily price limit |
| Settlement Amounts | Figures refer to the Settlement Settlement Price Index Futures Contracts 43 shares traded on the Hong Kong Futures Exchange Reference to the Moon closest to the Reference Month Change Day . |
Reference Month Day Change | 2 (two ) working days before the last working day of the current Reference Month , Figure Settlement will be based on Settlement Price Reference next month . |
| Reference Month Adjustment due to change | Basis ( difference ) between the two Settlement Amounts month contract at the end of the day before the Reference Month Day CHANGE is not counted as income or loss . These adjustments will be announced by the Exchange with the applicable procedures for adjustments in the stock . |
| Trading Costs | DAILY INTEREST : Rp 30.000, - / lot / side or US$ 3 / lot / side COMMISSION : Rp 600.000, - / settlement or US$ 60 / settlement |
| Guarantee Fund per lot
| Day Trade: Rp 10 million , - or US$ 1,000 Overnight Trade: Rp 20 million , - or US$ 2,000 Hedge : Rp 3.000.000, - or US$ 300 |
| Days and Hours Trading | Days and Hours of Trade followed the Hong Kong Futures Exchange WIB: 8:45 to 11:30 ( first session ) WIB : 13:30 to 15:15 ( second session ), except for the last Trading Day which is from 13:30 o'clock until 15:00 o'clock *Hours trading in Online Trading System using the time difference GMT +1 or 6 (six ) hours with the WIB .* |
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