Volatility this Thursday coming for CPU and other stocks listed in the ASX200---RG
Futures contract specifications Index futures Contract Specifications Maturity Calendar Trading Hours Initial Margins Margin Offsets Taxation treatment Market Makers IRESS Codes ASX SPI 200™ Index Futures Sector Index Futures ASX Index Futures
ASX SPI 200™ Index Futures Contract unit Valued at A$25 per index point (e.g. A$150,000 at 6,000 index points) Contract months March / June / September / December up to six quarter months ahead Commodity code AP Listing date 02/05/2000 Minimum price movement One index point (A$25) Last trading day All trading in expiring contracts ceases at 12.00pm on the third Thursday of the settlement month. Non-expiring contracts will continue to trade as per the stated trading hours.1 Cash settlement price The Special Opening Quotation of the underlying S&P/ASX 200 Index on the Last Trading Day. The Special Opening Quotation is calculated using the first traded price of each component stock in the S&P/ASX 200 Index on the Last Trading Day, irrespective of when those stocks first trade in the ASX trading day. This means that the first traded price of each component stock may occur at any time between ASX market open and ASX market close (including the Closing Single Price Auction) on the Last Trading Day.
Should any component stock not have traded by ASX market close on the Last Trading Day, the last traded price of that stock will be used to calculate the Special Opening Quotation.
Trading hours 5.10pm – 7.00am and 9.50am – 4.30pm1 (during US daylight saving time)2 5.10pm – 8.00am and 9.50am – 4.30pm1 (during US non daylight saving time)2 Settlement day The first business day after expiry, SFE Clearing publishes the final settlement price of the contract. On the second business day after expiry, SFE Clearing settles cash flows as a result of the settlement price. Position limit None Daily price limit None CFTC approved Yes
1. Unless otherwise indicated, all times are Sydney times. 2. US daylight savings begins second Sunday in March and ends first Sunday in November.
Sector Index Futures (XPJ) Name XPJ Index Futures Underlying index S&P/ASX 200 A-REIT Index Contract code The futures contract code is a five character code. The first three letters are the ASX code of the underlying index, XPJ. The fourth character is a number designating the year of maturity and the fifth character represents the maturity month. Contract multiplier Valued at AUD $10 per index point. Quotation / Tick size Prices quoted as the number of points, with a minimum price movement of 1 index point = AUD $10. Contract months March, June, September, December up to four quarter months ahead Expiry day The third Thursday of the contract month, unless otherwise specified by ASX. Last trading day Trading will cease at 12 noon on expiry Thursday. Trading hours 6.00am to 5.00pm and 5.30pm to 8.00pm (Sydney time) Cash settlement Cash settlement is based on the opening prices of the stocks in the Underlying Index on expiry morning. An index calculation (the Opening Price Index Calculation (OPIC)) is made using these opening prices. This means trading will continue after the settlement price has been determined. Settlement method The cash settlement amount is calculated by the calculation agent (Standard & Poors) and forwarded to ACH. The settlement amount is then paid or received net of margins on the next business day. Initial margin Initial margins for both buyers and sellers are determined by ACH according to the volatility of the underlying index and are reviewed regularly. Please refer to Futures initial margins for details. Daily variation margin Futures positions for both buyers and sellers are settled to market each day and subject to variation margins. An intra-day margin call may also be made by ACH. Margin cover Settlement to market margin obligations must be settled daily by the payment of cash. Initial margins can be cash or collateral covered. List of eligible collateral.
CPU Price at posting:
$9.22 Sentiment: LT Buy Disclosure: Held
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