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Contract Summary
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02/03/2012
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H-shares Index Options
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Underlying Index |
Hang Seng China Enterprises Index |
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HKATS Code |
HHI |
XHH |
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Contract Multiplier |
HK$50 per index point |
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Minimum Fluctuation |
One index point |
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Contract Months
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Short-dated Options:-
Spot, next two calendar months & next three calendar quarter months
Long-dated Options:-
the next three months of June & December
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Any calendar month not further out than the longest term of expiry months that are available for trading |
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Exercise Style |
European Style |
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Option Premium |
Quoted in whole index points |
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Strike Prices |
| Short-dated Options:- |
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| Index points |
Intervals |
| Below 2,000 |
50 |
| At or above 2,000 but below 8,000 |
100 |
| At or above 8,000 |
200 |
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| Long-dated Options:- |
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| Index points |
Intervals |
| Below 4,000 |
100 |
| At or above 4,000 but below 8,000 |
200 |
| At or above 8,000 but below 12,000 |
400 |
| At or above 12,000 but below 15,000 |
600 |
| At or above 15,000 but below 19,000 |
800 |
| At or above 19,000 |
1,000 |
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Within +/-30% from the opening price of the spot month futures contract on the day of request, or the range of the prevailing highest and lowest strike prices available amongst the contract month requested to be created, and all other existing contract months with longer expiry terms on the day of request, whichever range is the largest
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Trading Hours |
9:15 am - 12:00 noon & 1:00 pm - 4:15 pm
(Expiring contract month closes at 4:00 pm on the Expiry Day)
For Flexible Index Options, no request of series creation is acceptable within the last 30 minutes before market close |
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Expiry Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
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Official Settlement Price |
The average of quotations taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Last Trading Day |
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Transaction Costs
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Exchange Fee HK$3.50
Commission Levy HK$0.60
Commission Rate Negotiable |
Please visit “Rules, Regulations and Procedures of the Futures Exchange” of “Trading Rules” under “Rules and Regulations” of the HKEx website for full contract specifications. |
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