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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 .*