Knowledge
3.2. VN100 Index Futures Contract Template
| Articles | Details |
|---|---|
| Contract name | VN100 Index Futures Contract |
| Contract code | The Hanoi Stock Exchange (HNX) is responsible for issuing futures contract trading codes, ensuring that the structure of these codes complies with the regulations set by the Vietnam Stock Exchange |
| Underlying asset | VN100 Index |
| Contract size | 100,000 VND × VN100 Index point |
| Contract multiplier | 100,000 VND |
| Trading method |
Order matching method Put-through method |
| Expiry month |
The current month, next month, and the last months of the next two quarters Example: If the current month is April, the contract months are April, May, June, and September |
| Trading hours | Opening: 15 minutes before the stock market Closing: At the same time as the stock market |
| Tick size | 0.1 index point (equivalent to 10,000 VND) |
| Trading unit | 1 contract |
| Reference price | The settlement price of the previous trading day or the theoretical price |
| Price limit | ± 7% relative to the reference price |
| Order limit | 500 contracts per order |
| Position limit | According to the regulations of VSDC: • Professional securities investor: 20,000 contracts • Institutional investor: 10,000 contracts • Individual investor: 5,000 contracts |
| Last trading date | The third Thursday of the expiry month. If it falls on a holiday, the expiry date will be adjusted to the preceding business day |
| Final settlement date | The business day immediately following the last trading day |
| Settlement method | Payment in cash |
| Method for determining the daily settlement price | According to the regulations of VSDC |
| Method for determining the final settlement price | It is the simple arithmetic average of the index values during the last 30 minutes of the final trading day (including 15 minutes of continuous order matching and 15 minutes of closing periodic order matching), after excluding the three highest and three lowest index values recorded during the continuous matching session |
| Margin requirement | According to the regulations of VSDC |
| Listed date | Upon the launch of the contract |
| Fee | Service fees according to the regulations of the Ministry of Finance |