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Contract Specifications for H-Shares Index Futures (HHI)

EXCHANGE Hong Kong Exchange and Clearing Limited (HKEx)
PRODUCT SYMBOL HHI
UNDERLYING STOCK INDEX Hang Seng China Enterprises Index (HSCEI)
TRADING HOURS Hong Kong Time
Pre-Market Opening Period:
8.45 am – 9:15 am & 1:00 pm – 1:30 pm
8.45 am – 9:15 am & 12:30 pm – 1:00 pm (Effective 5 March 2012)
Trading Hours:
9.15 am – 12.00 pm & 1.30 pm – 4.15 pm
9.15 am – 12.00 pm & 1.00 pm – 4.15 pm (Effective 5 March 2012)
(Expiring contract month closes at 4.00 pm on the Last Trading Day)
There is no afternoon trading session on the eves of Christmas, New Year and Lunar New Year.
There shall be no afternoon trading session if the last trading day falls on Christmas Eve, New Year’s Eve or Lunar New Year’s Eve
CONTRACT SIZE The price in whole Index points at which a Hang Seng China Enterprises Index Futures Contract is registered by the Clearing House
CONTRACT MONTHS Spot, next calendar month & next two calendar quarter months.
TICK SIZE (Minimum Fluctuation) HK$50 per one index point
LAST TRADE DATE The Business Day immediately preceding the last Business Day of the contract month.
SETTLEMENT TYPE Financial Settlement
POSITION LIMIT Position delta for Mini-Hang Seng China Enterprises Index Futures, Hang Seng China Enterprises Index Futures and Hang Seng China Enterprises Index Options combined of 12,000 long or short in all contract months combined provided the position delta for Mini-Hang Seng China Enterprises Index Futures shall not at any time exceed 2,400 long or short in all contract months combined, per Exchange Participant for the Exchange Participant’s own behalf.

For this purpose, the position delta of one Mini-Hang Seng China Enterprises Index Futures Contract will have a value of 0.2; and Position delta for Mini-Hang Seng China Enterprises Index Futures, Hang Seng China Enterprises Index Futures and Hang Seng China Enterprises Index Options combined of 12,000 long or short in all contract months combined provided the position delta for Mini-Hang Seng China Enterprises Index Futures shall not at any time exceed 2,400 long or short in all Contract Months combined, per Client. For this purpose, the position delta of one Mini-Hang Seng China Enterprises Index Futures Contract will have a value of 0.2
LARGE OPEN POSITION 500 open contracts, in any one contract month, per Exchange Participant for the Exchange Participant's own behalf; and 500 open contracts in any one Contract month, per client.

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