Summary of Gold Futures Contract Specification
| Heading | 10 Baht Gold Futures | 50 Baht Gold Futures | |||||||||
| Underlying Asset | Gold Bullion with a purity of 96.5% | ||||||||||
| Ticker Symbol | GF 10 | GF | |||||||||
| Contract Size | 10 Thai Gold Baht (1 Thai Gold Baht = 15.244 grams) | 50 Thai Gold Baht (1 Thai Gold Baht = 15.244 grams) | |||||||||
| Contract Months | 3 nearest even month: February, April, June, August, October, and December | ||||||||||
| Price Quotation | THB per one baht weight of gold | ||||||||||
| Minimum Price Fluctuations | THB 10 (or THB 100 per contract) | THB 10 (or THB 500 per contract) | |||||||||
| Price Limit | ±20% of the latest settlement price | ||||||||||
| Trading Hours |
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| 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 of expiring contract will be ceased at 16:30 hrs on Last Trading Day. In case the last trading day falls on a LBMA's holiday, TFEX will annouce the new last trading day accordingly | ||||||||||
| Final Settlement Price | The final settlement price formula is as follows: = London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD) The London Gold AM Fixing price on the last trading day as publish by ICE Benchmark Administration (IBA) and the foreign exchange rate for Baht to US dollar announced by TFEX on the last trading day, after conversion for weight and fineness.* * Exchange Rate by Refinitive (THBTRDF=BKTH) | ||||||||||
| Settlement Type | Cash Settlement | ||||||||||
| Exchange Fee | Maximum of THB 7 per contract per side | Maximum of THB 35 per contract per side | |||||||||
| Brokerage Commission | Freely negotiable | ||||||||||
Remark :
The above is a summary of the contract specification. Please refer to the Regulations and Procedures Chapter 600: Listing of Derivatives Contracts for the official contract specifications.
Quote Vendor Codes
| Product Name | Bloomberg | Refinitiv | SIX Financial |
| 50 Baht Gold Futures | TGBA<COMDTY> TGBmy<COMDTY> | GFmy 0#GF: .GFTVO.FX THBTRDF=BKTH | GFmyy,825 |
| 10 Baht Gold Futures | TMDA<COMDTY> TMDmy<COMDTY> | GF10my 0#GF10: .GF10TVO.FX THBTRDF=BKTH | GF10myy,825 |
Disclaimer
“The [LBMA Gold Price/LBMA Silver Price], which is administered and published by ice benchmark administration limited (iba), serves as, or as part of, an input or underlying reference for 50 BAHT GOLD FUTURES / 10 BAHT GOLD FUTURES.
[LBMA Silver Price/LBMA Gold price] is a trade mark of Precious Metals Prices Limited, and is licensed to iba as the administrator of the [LBMA Silver Price/LBMA Gold Price]. ICE BEnchmark adminstration is a trade mark of iba and/or its affiliates. [The LBMA Gold Price [AM/PM]/LBMA Silver Price], and the trade marks [LBMA GOLD PRICE/LBMA SILVER PRICE] and ICE Benchmark Administration, are used by THAILAND FUTURES EXCHANGE PCL. with permission under licence by iba.
IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE [LBMA GOLD PRICE/LBMA SILVER PRICE], OR THE APPROPRIATENESS OR SUITABILITY OF THE [LBMA GOLD PRICE/LBMA SILVER PRICE] FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO 50 BAHT GOLD FUTURES / 10 BAHT GOLD FUTURES. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE [LBMA GOLD PRICE/LBMA SILVER PRICE], ARE HEREBY EXCLUDED AND NONE OF iba OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE [LBMA GOLD PRICE/LBMA SILVER PRICE], OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE [LBMA GOLD PRICE/LBMA SILVER PRICE] OR ANY RELIANCE YOU MAY PLACE UPON IT.”
[LBMA Silver Price/LBMA Gold price] is a trade mark of Precious Metals Prices Limited, and is licensed to iba as the administrator of the [LBMA Silver Price/LBMA Gold Price]. ICE BEnchmark adminstration is a trade mark of iba and/or its affiliates. [The LBMA Gold Price [AM/PM]/LBMA Silver Price], and the trade marks [LBMA GOLD PRICE/LBMA SILVER PRICE] and ICE Benchmark Administration, are used by THAILAND FUTURES EXCHANGE PCL. with permission under licence by iba.
IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE [LBMA GOLD PRICE/LBMA SILVER PRICE], OR THE APPROPRIATENESS OR SUITABILITY OF THE [LBMA GOLD PRICE/LBMA SILVER PRICE] FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO 50 BAHT GOLD FUTURES / 10 BAHT GOLD FUTURES. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE [LBMA GOLD PRICE/LBMA SILVER PRICE], ARE HEREBY EXCLUDED AND NONE OF iba OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE [LBMA GOLD PRICE/LBMA SILVER PRICE], OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE [LBMA GOLD PRICE/LBMA SILVER PRICE] OR ANY RELIANCE YOU MAY PLACE UPON IT.”