Contract Specifications for SGX MSCI Singapore Index Futures (SG)
|EXCHANGE||Singapore Exchange (SGX)|
|UNDERLYING STOCK INDEX||MSCI Singapore Free (SiMSCI) IndexSM|
|LAST TRADING DAY||Second last business day of the expiring contract month.|
|CONTRACT SIZE||S$100 x MSCI Singapore IndexSM Futures Price|
|CONTRACT MONTHS||2 nearest serial months and March, June, September and December months on a 1-year cycle.|
|MINIMUM PRICE FLUCTUATION||0.05 index point (S$5)|
|DAILY PRICE LIMIT||
Whenever the price moves by 15%, in either direction, from the previous day’s settlement price, trading at or within the price limit of +/- 15% is allowed for the next 10 minutes. After this cooling off period has elapsed, there shall be no price limits for the remainder of the trading day.
There shall be no price limits on the last trading day of the expiring contract month.
With regards to the T+1 session, the Daily Settlement Price (DSP) derived in the T session that just ended will be the reference price to determine price limits.
|POSITION LIMIT||A person shall not own or control more than 10,000 contracts net long or net short in all contract months combined.|
|FINAL SETTLEMENT PRICE||Value of the underlying Index computed based on the Special Quotation methodology applied on each stock of the MSCI Singapore Free IndexSM on the day following the last trading day.|
|ADDITIONAL TRADING FACILITIES||
Negotiated Large Trade (NLT):
Minimum size 50 lots
|TRADING METHOD||On the SGX Quotation and Execution System for Trading (SGX QUEST) only.|
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