Trading Arrangements for Swire Pacific A Futures and Options
Market Operations
07 May 2010
Hong Kong Exchanges and Clearing Limited (HKEx) announces updated trading arrangements for Swire A futures and options following Swire Pacific Limited’s announcement that its proposed spin-off of Swire Properties Limited will not proceed and the conditional dividend will not be distributed.*
HKEx’s updated trading arrangements for Swire A futures and options have replaced the arrangements announced by HKEx on 20 April 2010.
Highlights of the updated arrangements are shown below.
Swire A Futures
1.
Outstanding positions under trading symbol SWB will not be adjusted.
2.
Positions in SWB contracts will not be transferred to trading symbol SWC.
3.
Contracts under trading symbol SWB will open for trading on 10 May 2010.
4.
The trading arrangements for SWA and SWB contracts are in Table A.
Table A: Trading Arrangements for SWA and SWB Futures Contracts
|
Trading Symbol |
Underlying Stock
|
Contract Multiplier (Shares)
|
Availability For Trading
|
Addition of New Contract Months
|
|
SWA |
Swire A |
500 |
From 22 Apr 2010 onwards |
Yes |
|
SWB |
Swire A |
500 |
From 10 May 2010 till 30 Dec 2010
|
No |
Swire A Options
1.
Outstanding positions under trading symbol SWB will not be adjusted.
2.
Positions in SWB contracts will not be transferred to trading symbol SWC.
3.
Contracts under trading symbol SWB will open for trading on 10 May 2010.
4. The trading arrangements for SWA and SWB contracts are in Table B.
Table B: Trading Arrangements for SWA and SWB Option Contracts
|
Trading Symbol |
Underlying Stock |
Contract Size (Shares) |
Availability For Trading |
Addition of New Series |
|
SWA |
Swire A |
500 |
From 22 Apr 2010 onwards |
Yes |
|
SWB |
Swire A |
500 |
From 10 May till 30 Dec 2010 |
No |
Information on the clearing and settlement and risk management arrangements is in the 7 May 2010 Exchange Participant circulars for Swire A Futures and Swire A Options in the Market Operations section of the HKEx website (www.hkex.com.hk). Investors should consult their brokers if they have enquiries about the trading arrangements.
* For details, please see the Swire Pacific Limited announcement of 6 May 2010.
Ends