|
Heading |
10 Baht Gold Futures |
50 Baht Gold Futures |
|
Underlying Assets |
Gold Bullion with a purity of 96.5%
|
|
Contract Size |
10 Thai Gold Baht (152.44 grams)
(1 Thai Gold Baht = 15.244 grams) |
50 Thai Gold Baht (762.20 grams)
(1 Thai Gold Baht = 15.244 grams) |
|
Settlement Months |
3 nearest even month : February, April,
June, August, October, December |
|
Minimum Price Fluctuations |
Tick size is 10 Baht or
100 Baht per contract |
Tick size is 10 Baht or
500 Baht per contract |
|
Daily Price Limit |
Initial price limit is ±10% from previous
day settlement price. Should traded price reach the
limit, trading will be halted for a certain period
announced by TFEX.
After trading resumes, the price limit will be expanded
to ±20% of previous day settlement price. |
|
Trading Hours |
|
Pre-open: |
9:15 - 9:45 hrs. |
|
Morning session: |
9:45 - 12:30 hrs. |
|
Pre-open: |
14:00 - 14:30 hrs. |
|
Afternoon session: |
14:30 - 16:55 hrs. |
|
|
Speculative Position limit |
Exchange may announce the position limit
as it deems appropriate. |
|
Last Trading Day |
The business day immediately preceding
the last business day of the contract month. The trading
will be ceased at 16:30 hrs on Final Trading Day.
|
|
Final Settlement Price |
|
The Final Settlement Price shall
be calculated on |
|
·
the basis of the London Gold A.M.
Fixing price announced by London Gold Market
Fixing Limited on the last trading day and the
foreign exchange rate for Baht to US dollars
announced by TFEX on the last trading day, after
conversion for weight and fineness. |
|
·
The formula for its calculation
is as follows:
= London Gold AM Fixing x (15.244/31.1035) x
(0.965/0.995) x (THB/USD) |
|
Note: |
|
·
1 troy ounce = 31.1035
grams |
|
·
1 Thai gold Baht = 15.244
grams |
|
·
London Gold AM Fixing is based on
0.995 gold |
|
·
The underlying of gold futures
contract is 0.965 gold |
|
|
Settlement Method |
Cash Settlement |
|
Exchange and Clearing Fee |
10 Baht per contract per side
|
50 Baht per contract per side
|
|
Brokerage commission |
Freely negotiable |
