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Underlying
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30 kilogram silver of not less than 0.9999 fineness bearing a serial number and identifying stamp of a Recognised Refiner |
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HKATS Code
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SIU
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Contract Size
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30 kilogram
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Trading Currency
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U.S. dollars
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Contract Months
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Spot Month and the next eleven calendar months
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Minimum Fluctuation
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USD 0.05 per kilogram
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Trading Hours1
(Hong Kong Time)
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8:30 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)
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Trading Hours2on
Last Trading Day
(Hong Kong Time)
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8:30 a.m. to 4:30 p.m.
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Last Trading Day
(LTD)
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The third Monday of the Contract Month
If it is not a Trading Day, the Last Trading Day shall be the immediately following Trading Day
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Final Settlement Day
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The second Trading Day after the Last Trading Day
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Settlement Method
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Physical settlement |
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Settlement Currency
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U.S. dollars
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| Final Settlement Price |
Volume weighted average price of all trades3in the expiring Contract Month during the last thirty minutes of trading on the Last Trading Day |
| Delivery Site |
An Approved Depository |
| Minimum Delivery Size |
30 kilogram |
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Holiday Schedule
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Follow HKFE holiday schedule
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Trading Fee4 (per contract per side)
|
USD 1.00
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| Settlement Fee4 (per contract per side) |
USD 2.00 |
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Levies5 (per contract per side)
|
USD 0.07
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Investor Compensation Levy6
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The collection of Investor Compensation Levy is currently suspended and no person is required to pay since 2005.
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Commission Rate
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Negotiable
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Notes :
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 8:30 a.m. – 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. There shall be 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 8:30 a.m. – 12:30 p.m..
3. All trades other than Block Trades in the expiring Contract Month that result from the matching on HKATS of (i) two orders in the individual market series; or (ii) a standard combination order and an order in the individual market series, and executed during the last thirty minutes of trading on the Last Trading Day. If there is no valid traded price during the last thirty minutes of trading on the Last Trading Day, the the Final Settlement Price shall be determined according to the Metal Futures Contract Specifications in HKFE Rules.
4. The amount indicated above is subject to change by the Exchange from time to time.
5. The USD equivalent of HKD 0.54 per contract at the exchange rate determined by the Exchange from time to time.
6. Investor Compensation Levy
- 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.