Sector Index Futures is a futures contract with sector index as an underlying. Initially there will be a total of 5 underlying sectors available for trading: Energy and Utilities (ENERG), Food and Beverage (FOOD), Banking (BANK), Commerce (COMM) and Information and Communication Technology (ICT). Similar to the SET50 Index Futures, Sector Index Futures expand the set of tools available to help you manage sector rotation in a portfolio more efficiently. With these contracts, you can seek profits based on how you expect certain market sectors to perform or hedge your sector-related risk. These contracts give investor the ability to individually target and trade major sectors comprising the SET Index.
Summary of Sector Index Futures Contract Specification
|Underlying||Sector Index computed and disseminated by the Stock Exchange of Thailand. Currently, there are 5 Sector Futures as following:|
|Banking||Information & Communication Technology||Energy & Utilities||Commerce||Food and Beverage|
|Multiplier||THB 1,000 per index point||THB 10 per index point|
|Settlement Month||March, June, September, December up to 4 quarters|
|Price Quotation||Sector index price|
|Minimum Tick Size (Tick Value)||0.10 index point
(or THB 100 per contract)
|1 index point
(or THB 10 per contract)
|Daily Price Limit||+ 30% of the latest settlement price|
|Speculative Position Limit||Net 20,000 contracts in any sector futures contract on one side of the market in any contract month or all contract months 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 Sector Indices, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the Sector Indices 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 (per contract)||THB 20||THB 5||THB 10||THB 10||THB 5|
|Brokerage Commission||Freely negotiable|
The above description is a summary of the contract specification. Please refer to the procedures of listing of Derivatives Contracts for the official contract specification.
Quote Vendor Codes
|Product Name||Bloomberg||Thomson Reuters||Six Telekurs|
(BBBZ2 Index<GO> = Bank Index Decm 2012)
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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