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MSCI Indonesia Index (USD) Futures

Introduction

The MSCI Indonesia Index is designed to measure the performance of the large and mid cap segments of the Indonesia market.  As at 30 June 2020, the index comprises 22 constituents and covers about 85% of the free float-adjusted market capitalization in Indonesia market.  

Uses of MSCI Indonesia (USD) Index Futures

The introduction of the MSCI Indonesia (USD) Index Futures contract aims to meet the trading and hedging needs of investors who have exposure to large and mid-cap companies of the Indonesian equity market in a cost effective manner.  Asset managers and banks can make use of MSCI Indonesia (USD) Index Futures for cash equitisation and manage market, settlement and liquidity risks without cross zone trading issue. 

The constituent list and vendor codes can be found in MSCI websites https://www.msci.com/constituents and https://www.msci.com/ticker-codes respectively.  


Updated 12 Aug 2020


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CONTRACT SUMMARY

Item Contract Terms
Underlying Index MSCI Indonesia Index
HKATS Code MID
Trading Currency USD 
Index Currency IDR
Contract Multiplier US$2 per index point
Minimum Fluctuation 5.00
Contract Months 2 nearest serial months and the following 4 quarterly months
Trading Hours
9:00am-4:30pm (T); 5:15pm-3:00am (T+1)
(Expiring contract month closes at 4:30 pm on the Last Trading Day)

Last Trading Day Second last Hong Kong business day of the month.  If it falls on a Indonesia public holiday, the LTD will be the preceding Hong Kong and Indonesia business day
Final Settlement Price

The average of the MSCI Indonesia Index on the LTD taken at (i) 1-minute intervals during the last 30 minutes of trading on the Indonesia Stock Exchange before the end of the continuous trading session, and (ii) the closing index value, rounded to the nearest 2 decimal places

Transaction Costs Exchange Fee US$1.00
Commission Levy US$0.07
Commission Rate Negotiable

Updated 18 Aug 2020

TRADING FEES AND COMMISSION

Trading Fee and Levies
Exchange Fee US$1.00 per contract per side
Commission Levy US$0.07 per contract per side
Investor Compensation Levy* HK$0.00 per contract per side
Total US$1.07 per contract per side
Commission Negotiable
The amount indicated above is subject to change from time to time.

Updated 16 Jul 2020

Updated 12 Aug 2020