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Contract Summary

Updated: 26 May 2008

FTSE/Xinhua China 25 Index Options

Item

Contract Terms

Underlying Index

 

 

FTSE/XinhuaChina 25 Index
(the share price index of that name compiled, computed and disseminated by
FTSE/Xinhua Index Limited)

HKATS Code

 

FXC

Contract Multiplier

 

HK$50 per index point

Minimum Fluctuation

 

One index point

Contract Months

 

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

 

Exercise Style

 

European Style

Option Premium

 

Quoted in whole index points

Strike Prices

 

 

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

Trading Hours

 

9:45 am - 12:30 pm & 2:30 pm - 4:30 pm
(Expiring contract month closes at 4:00 pm on the Expiry Day)

The trading hours on eves of Christmas, New Year and Chinese New Year
shall be 9:45 am - 1:00 pm

 

Expiry Day

 

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

Official Settlement Price

 

Average of quotations of the FTSE/Xinhua China 25 Index taken at five minute intervals during the Expiry Day

Transaction Costs

Exchange Fee                    HK$5.00
Commission Levy               HK$0.80
Commission Rate               Negotiable

Note:
FTSE/Xinhua China 25 Index Futures are not in any way sponsored, endorsed, sold or promoted by FTSE/Xinhua Index Limited ("FXI") or its licensors and none of them  makes any warranty or representation whatsoever, express or implied as to the results to be obtained from the use of the FTSE/Xinhua China 25 Index Futures. All rights in and to the FTSE/Xinhua China 25 Index vest in FXI and/or its licensors as the case may be.

Please visit HKEx website http://www.hkex.com.hk/regulatory.htm  for full contract specifications under
Trading Rules of the Rules, Regulations and Procedures of the Futures Exchange