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Regulations

18.06.2020

3.2. VN100 Index Futures Contract Template

ArticlesDetailsContract nameVN100 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 assetVN100 IndexContract size100,000 VND × VN100 Index pointContract multiplier100,000 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 hoursOpening: 15 minutes before the stock market 
Closing: At the same time as the stock marketTick 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 priceOrder limit500 contracts per orderPosition limitAccording to the regulations of VSDC:
•    Professional securities investor: 20,000 contracts  
•    Institutional investor: 10,000 contracts
•    Individual investor: 5,000 contractsLast trading dateThe third Thursday of the expiry month. If it falls on a holiday, the expiry date will be adjusted to the preceding business dayFinal settlement dateThe business day immediately following the last trading daySettlement methodPayment in cashMethod for determining the daily settlement priceAccording to the regulations of VSDCMethod for determining the final settlement priceIt 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 sessionMargin requirementAccording to the regulations of VSDCListed dateUpon the launch of the contractFeeService fees according to the regulations of the Ministry of Finance

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