Mini-Hang Seng Index Futures
 
Commodity Name Mini-Hang Seng Index Futures
Contract Multiplier HK$10 per index point*
Contract Months Spot Month, the next calendar month, and the next two calendar quarter months (i.e. quarterly months are March, June, September and December)
Contract Multiplier One index point
Maximum Fluctuation Nil
Contracted Price The price in whole index points at which a Mini-Hang Seng Index Futures Contract is registered by the Clearing House
Contracted Value Contracted Price multiplied by the Contract Multiplier
Contracted Price The price in whole index points at which a FTSE/Xinhua China 25 Index Futures Contract is registered by the Clearing House
Position Limits Position delta for Mini-Hang Seng Index Futures, Hang Seng Index Futures, Hang Seng Index Options and Mini-Hang Seng Index Options combined of 10,000 long or short in all Contract Months combined provided the position delta for Mini-Hang Seng Index Futures or Mini-Hang Seng Index Options shall not at any time exceed 2,000 long or short in all Contract Months combined. For this purpose, the position delta of one Mini-Hang Seng Index Futures Contract will have a value of 0.2 and the position delta of one Mini-Hang Seng Index Option Contract will be one-fifth of the position delta of the corresponding series in the Hang Seng Index Option Contract.
Large Open
Positions
2500 net long or net short contracts, in any one Contract Month, per Exchange Participant for the Exchange Participant's own behalf; and 2500 net long or net short contracts, in any one Contract Month, per client.
Pre-Market Opening Period
Hong Kong Time   8:45am - 9:15am
    1:00pm - 1:30pm
Trading Hours
Hong Kong Time   9:15pm - 12:00 noon
    1:30pm - 4:15pm
Trading Hours on Last Trading Day
Hong Kong Time   9:15am - 12:00 noon
    1:30pm - 4:00pm#
#The closing time shall be adjusted automatically to correspond with the closing time of the underlying cash market, as it may be set from time to time.
Trading Method The Exchange's Automated Trading System (HKATS)
Final Settlement Day The first Business Day after the Last Trading Day
Settlement Method Cash settled contract for difference
Last Trading Day The Business Day immediately preceding the last Business Day of the Contract Month
Final Settlement Price The Final Settlement Price for Mini-Hang Seng Index Futures Contracts shall be a number, rounded down to the nearest whole number, determined by the Clearing House and shall be the average of quotations of the Hang Seng Index taken at five (5) minute intervals during the Last Trading Day and compiled, computed and disseminated by HSI Services Ltd.* The Chief Executive of the Exchange has the power under the Regulations for Stock Index Futures Contracts to determine the Final Settlement Price under certain circumstances.
Trading Fees & Levies
(per contract per side)
Exchange Fee   HK$3.50
SFC Levy   HK$0.16
Total   HK$3.66
* Same as the Mini-Hang Seng Index Option Contract.

Note: The Mini-Hang Seng Index Futures Contract and the Hang Seng Index Futures Contract are fungible. Positions in these two Exchange Contracts will be netted automatically (in the case of House and Registered Trader accounts) or may be closed out (in the case of Client account) in accordance with the Clearing House Rules.
The above information is subject to change based on market conditions.