Contract Summary 
22/07/2016 
 

BRICS Futures 

Contract

IBOVESPA Futures

MICEX Index Futures

S&P BSE SENSEX Index Futures

FTSE/JSE Top40 Futures

Underlying Index

IBOVESPA

MICEX Index

S&P BSE SENSEX Index

FTSE/JSE Top40 Index Note

Contract Multiplier

HK$5 per Index point

HK$100 per Index point

HK$10 per Index point

Contract Months

Two nearest even-numbered calendar months

Two nearest quarter calendar months

Spot Month and the next calendar month

Two nearest quarter calendar months

Minimum Fluctuation

5 Index points

0.05 Index point

1.00 Index point

1 Index point

Maximum Fluctuation

 10% of daily settlement price of the nearest contract month determined by BVMF on the previous Business Day

Nil

 

Trading Hours  (including Last Trading Day)

9:15 a.m. – 4:30 p.m.  (Hong Kong Time)

Final Settlement Day

The second Business Day after the Last Trading Day

Last Trading Day

The Last Trading Day determined  by BVMF (i.e. usually the Wednesday closest to the 15th calendar day of the Contract Month)

The Last Trading Day determined by Moscow Exchange

(i.e. usually the 15th calendar day of the Contract Month)

The Last Trading Day determined by BSE   (i.e. usually the last Thursday of the Contract Month)

 

The Last Trading Day determined  by JSE (i.e. usually the third Thursday of the Contract Month)

If it is not a Hong Kong Business Day, the Last Trading Day shall be the immediately preceding Hong Kong Business Day.

Final Settlement Price

The Final Settlement Price of the IBOVESPA futures at BVMF

The Final Settlement Price of the MICEX Index futures at Moscow Exchange

The Final Settlement Price of the S&P BSE SENSEX Index futures at BSE

The Final Settlement Price of the FTSE/JSE Top40 futures at JSE.

Exchange Fee 

HK$10.00

HK$5.00

(Exchange fee and settlement fee are waived in the first six months of trading)

Levies

Commission Levy and Investor Compensation Levy are payable at the rate or of the amount prescribed from time to time pursuant to the Securities and Futures Ordinance.

(Commission Levy is waived for the first six months of trading)

Note:
All intellectual property rights in the index values and constituent list vest in FTSE and the JSE.  "FTSE®" is a trade mark of the London Stock Exchange Group of Companies, "JSE"  is a trade mark of the JSE Limited.