|| Copper - Grade A as defined in the rules and regulations of The London Metal Exchange from time to time
| HKATS Code
| Contract Size
|| 5 tonnes
| Trading Currency
| Contract Months
|| Spot Month and the next eleven calendar months
| Minimum Fluctuation
|| RMB 10.00 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 3:00 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 7:35 p.m. (after-hours trading session during British Summer Time)
5:15 p.m. to 8:35 p.m. (after-hours trading session outside British Summer Time)
| Last Trading Day
| The LTD determined by the LME for its Copper 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 Copper 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
| Holiday Schedule
|| Follow HKFE holiday schedule
| Exchange Fee2
(per contract per side)
| RMB 3.00
| Settlement Fee (per lot)
| Commission Levy
|| RMB 0.44**
|Investor Compensation Levy3
|HKD 0.50 per contract per side
| Commission Rate
| Calendar spreads
|| Cover Spot Month and the nearest11 serial month
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 a.m. 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
3. Investor Compensation Levy
- The collection of Investor Compensation Levy (ICL) is currently suspended and no person is required to pay since 2005.
- If the SFC is to publish a termination of exemption notice, the effective date of the reinstatement of the ICL, if any, shall not be earlier than 2 months after the date of such publication.
- EPs are reminded to take all necessary actions to prepare for the ICL calculation and payment of ICL via HKEX in case the ICL is reinstated by the SFC, including enhancing their HKATS Application Programming Interface, back office systems, relevant applications and operational facilities.
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