Contract Specification  
16/11/2015 
 

Contract                              

London Zinc Mini Futures

Underlying

Special High Grade Zinc
as defined in the rules and regulations of The London Metal Exchange from time to time

HKATS Code

LRZ

Contract Size

5 tonnes

Trading Currency

RMB

Contract Months

Spot Month and the next eleven calendar months

Minimum Fluctuation

RMB 5.00 per tonne

Trading Hours1
(Hong Kong Time)

9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 1:00 a.m. the next morning (after-hours trading session)

Trading Hours on
Last Trading Day 
(Hong Kong Time)
9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 7:55 p.m. (after-hours trading session during British Summer Time)
5:15 p.m. to 8:55 p.m. (after-hours trading session outside British Summer Time)

Last Trading Day
(LTD)

The LTD determined by the LME for its Zinc Futures (i.e. Usually two business days before the third Wednesday of the Spot Month). If it is not a Hong Kong Business Day, the LTD shall be the immediately preceding HK Business Day

Final Settlement Price

Shall be a whole number, determined by the Clearing House, and shall be the Official Settlement Price determined and published by the LME for its Zinc Futures, and converted to RMB equivalent using the USD/CNY(HK) Spot Rate published by the Treasury Markets Association in Hong Kong at or around 11:30 a.m. Hong Kong time on the Last Trading Day. It is rounded up if the figure in the first decimal place is 5 or above and rounded down if it is below 5

Settlement Type

Cash-settled

Holiday Schedule

Follow HKFE holiday schedule

Exchange Fee2
(
per contract per side)

RMB 3.00

Commission Levy

RMB0.44**

Commission Rate

Negotiable

Calendar spreads

Cover Spot Month and the nearest 11 serial month

Notes : 
1. There is no trading after 12:30 p.m. on the eves of Christmas, New Year and Lunar New Year.  The trading hours on those three days shall be 9:00 am to 12:30 p.m. There is no after-hours trading session if it is a bank holiday in the United Kingdom, the United States and the People’s Republic of China

2. The amount indicated above is subject to change by the Exchange from time to time

** The RMB equivalent of HK$0.54 per contract at the exchange rate determined by the Exchange from time to time

Please note the following disclaimers and copyright notice regarding information provided on the Treasury Markets Association (TMA)'s website:

a. The price fixings and reference rates on the TMA’s website are provided with delays for general information purposes. While the TMA will make all reasonable efforts to ensure a continuous, accurate and timely service, the TMA and other data providers make no warranties, representations or undertakings, expressed or implied by law or otherwise, in relation to the price fixings and reference rates and are not responsible for any errors or omissions, or losses caused by disruptions in the service or late publication of the daily rates or inaccuracy of the daily rates or otherwise arising from the use of or reliance on the price fixings and reference rates. By viewing or downloading these rates, you implicitly accept this disclaimer and agree to its terms.

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