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18.06.2020

3.1. VN30 Index Futures Contract Template

ArticlesDetailsContract nameVN30 Index Futures ContractContract codeThe 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 ExchangeUnderlying assetVN30 IndexContract size100,000 VND × VN30 Index pointContract multiplier100,000 VNDListed date10/08/2017Trading method

Order matching method

Put-through method

Expiry month

The nearest month, the following month, the nearest quarter-end month, and the next quarter-end month

Example: if the current month is April, the contract maturity 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 size0.1 index point (equivalent to 10,000 VND)Trading unit1 contract Reference priceThe settlement price of the previous trading day or the theoretical pricePrice limit± 7% relative to the reference price
Order limit500 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 dateThe 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 dateThe business day immediately following the last trading day
Settlement methodPayment in cash 
Method for determining the Daily Settlement Price (DSP)According to the regulations of VSDC
Method for determining the Final Settlement Price (FSP)The simple arithmetic average of the index in the last 30 minutes of the last trading day (including 15 minutes of continuous matching and 15 minutes of periodic closing matching), after excluding the 3 highest and 3 lowest index values from the continuous matching session. The FSP is rounded to two decimal places
Margin requirementAccording to the regulations of VSDC
FeeService fees according to the regulations of the Ministry of Finance
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