Contract Specifications

Details of Index Futures Contracts:

Hang Seng Index Futures / Mini Hang Seng Index Futures數期貨

Hang Seng Index Futures	Standard	Mini
Underlying Index	Hang Seng Index
Contract Multiplier	HK$50 per index point	HK$10 per index point
Minimum Fluctuation	One index point
Contract Months	Spot, next calendar month & next two calendar quarter months
Pre-market Opening Session	8:45a.m. –9:15 a.m. & 12:30p.m. – 1:00p.m.
Trading Hours	9:15a.m. – 12:00p.m. & 1:0 0p.m. – 4:30 p.m. AHFT Session 5:15 p.m. - 3:00 a.m. the next day from 9:15 to 12:30 for a half trading day
Last Trading Day	The Business Day immediately preceding the last Business Day of the Contract Month
Final Settlement Price	Average of quotation of the Hang Seng Index taken at five minute intervals during the Last Trading Day
Settlement Method	Cash Settlement

H-shares Index Futures / Mini H-shares Index Futures

H-shares Index Futures	Standard	Mini
Underlying Index	Hang Seng China Enterprises Index (HSCEI)
Contract Multiplier	HK$50 per index point	HK$10 per index point
Minimum Fluctuation	One index point
Contract Months	Spot, next calendar month & next two calendar quarter months
Pre-market Opening Session	Not applicable
Trading Hours	9:15a.m. – 12:00p.m. & 1:00p.m. – 4:30p.m. AHFT Session 5:15 p.m. - 3:00 a.m. the next day from 9:15 to 12:30 for a half trading day
Last Trading Day	The Business Day immediately preceding the last Business Day of the Contract Month
Final Settlement Price	Average of quotation of the HSCEI taken at five minute intervals during the Last Trading Day
Settlement Method	Cash Settlement

Details of Index Options Contracts :

Hang Seng Index Options

Underlying Index	Hang Seng Index
Contract Multiplier	HK$50 per index point
Minimum Fluctuation	One index point
Contract Months	Short-dated Options: spot, next two calendar months & next three calendar quarter months Long-dated Options: the next five months of June and December
Exercise Style	European Style
Option Premium	Quoted in whole index points
Strike Prices	Short-dated Options Index points Intervals At or above 2,000 but below 8,000 100 At or above 8,000 200 Long-dated options Index points Intervals At or above 8,000 but below 12,000 400 At or above 12,000 but below 15,000 600 At or above 15,000 but below 19,000 800 At or above 19,000 1000
Trading Hours	9:15a.m. – 12:00p.m. & 1:00p.m. – 4:30p.m. AHFT Session 5:15p.m. - 11:45p.m. from 9:15 to 12:30 for a half trading day
Expiry Day	The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price	Average of quotation of the Hang Seng Index taken at five minute intervals during the Expiry Day
Settlement Method	Cash Settlement

H-shares Index Options

Underlying Index	Hang Seng China Enterprises Index (HSCEI)
Contract Multiplier	HK$50 per index point
Minimum Fluctuation	One index point
Contract Months	Short-dated Options: spot, next two calendar months & next three calendar quarter months Long-dated Options: the next five months of June and December
Exercise Style	European Style
Option Premium	Quoted in whole index points
Strike Prices	Short-dated Options Index pointsc Index points Intervals At or above 2,000 but below 8,000 100 At or above 8,000 200 Long-dated options Index points Index points Intervals Below 4,000 100 At or above 4,000 but below 8,000 200 At or above 8,000 but below 12,000 400 At or above 12,000 but below 15,000 600 At or above 15,000 but below 19,000 800
Trading Hours	9:15a.m. – 12:00p.m. & 1:00p.m. – 4:30p.m. AHFT Session 5:15p.m. - 11:45p.m. from 9:15 to 12:30 for a half trading day
Expiry Day	The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price	Average of quotation of the HSCEI taken at five minute intervals during the Expiry Day
Settlement Method	Cash Settlement

Weekly Hang Seng Index Options and Weekly Hang Seng China Enterprises Index Options

Underlying Index	HIS and HSCEI
Contract Multiplier	HK$50 per Index point
Minimum Fluctuation	1 index point
Contract Weeks	Spot week and next week Notes: Generally, each Weekly Index Options contract will be available for trading starting from the first business day of the week and expire on the last business day of the following week. There will be two Weekly Index Options contracts at any time (i.e. spot week contract that will expire on the last business day of the current week and next week contract that will expire on the last business day of next week), except that no Weekly Index Options contract will be introduced if its Expiry Day is the same as the Expiry Day of the Spot Month HSI Options Contract and Spot Month HSCEI Options Contract.
Option Premium	Quoted in whole index points
Strike Prices	Weekly Hang Seng Index Options Weekly Hang Seng China Enterprises Index Options Index points Intervals Below 5,000 50 At or above 5,000 but below 20,000 100 At or above 20,000 200
Trading Hours(Hong Kong time)	T Session 9:15 a.m. - 12:00 noon (morning trading session) 1:00 p.m. - 4:30 p.m. (afternoon trading session) (Expiring contract closes at 4:00 pm on the Expiry Day) T+1 Session 5:15 pm – 3:00 am (after-hours trading session)
Expiry Day	The last Business Day of the Contract Week
Official Settlement Price	5-minute average of the underlying index on the Expiry Day
Settlement Method	Cash Settlement