SET50 Index Futures is the first product to be traded on TFEX. SET50 Index was launched in 1995 and it is the first large-cap index of Thailand to provide a benchmark of investment in The Stock Exchange of Thailand. It is calculated from the stock prices of the top 50 listed companies on SET in terms of large market capitalization, high liquidity.
SET50 Index Futures received a No-Action Letterfrom Commodity Futures Trading Commission (CFTC) on Nov 26, 2008, permitting the resident of the United States to trade SET50 Index Futures listed on TFEX.
Summary of SET50 Index Futures Contract Specification
|Underlying Asset||SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand|
|Contract Multiplier||THB 200 per index point|
|Contract Months||3 nearest consecutive months plus the next 3 quarterly months|
|Price Quotation||SET50 Index price|
|Minimum Price Fluctuations||0.1 index point (or THB 20 per contract)|
|Price Limit||+30% of the latest settlement price|
|Speculative Position Limit||Net 100,000 delta equivalent SET50 Index Futures contracts on one side of the market in any contract months of SET50 Index Futures and SET50 Index Options combined.|
|Last Trading Day||The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.|
|Final Settlement Price||The final settlement price shall be the numerical value of the SET50 Index, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values.|
|Settlement Method||Cash Settlement|
|Exchange Fee||Maximum of THB 7 per contract per side
|Brokerage Commission||Freely negotiable|
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
|Bloomberg||Thomson Reuters||SIX Financial|
SET Index, SET50 Index, SET100 Index and all indices calculated by the Stock Exchange of Thailand ( “SET” ) (collectively called "SET Index Series" ) are the registered trademarks/service marks solely owned by, and proprietary to SET. Any unauthorized use of SET Index Series is strictly prohibited. All information provided is for information purposes only and no warranty is made as to its fitness for purpose, satisfactory quality or otherwise. Every effort has been made to ensure that all information given is accurate, but no responsibility or liability (including in negligence) can be accepted by SET for errors or omissions or for any losses arising from the use of this information.
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