Contract Summary 
04/01/2017 
 

Mini H-shares Index Options

 


Item


Contract Terms

Underlying Index

Hang Seng China Enterprises Index (HSCEI)

HKATS Code

MCH

Contract Multiplier

HK$10 per index point

Minimum Fluctuation

One index point

Contract Months

Spot month, next calendar month, & next two calendar quarter months

Trading Hours

9:15 am - 12:00 noon, 1:00 pm - 4:30 pm
(Expiring contract month closes at 4:00 pm on the Last Trading Day)

Exercise Style European
Strike Series

Index points                                     Intervals
Below 2,000                                          50
At or above 2,000 but below 8,000         100
At or above 8,000                                  200

Expiry  Day

The Business Day immediately preceding the last Business Day of the Contract Month

Official Settlement Price

The average of quotations of Hang Seng China Enterprises Index 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 Expiry Day.

Transaction Costs

Exchange Fee            HK$1.00
Commission Levy*       HK$0.54
Commission Rate       Negotiable

* The Commission Levy is exmpted from 5 September 2016 to 3 March 2017