Contract Specifications

Description

Trading Platform

SGX Quest ST

Underlying Securities

SGX-ST listed securities

Initial Margin Rate

SGX Margin Rate + 5%

Maintenance Margin Rate

Prescribed by SGX

Contract Size

Follows the board lot size of underlying shares

Minimum Tick Size

Follows the underlying market

Contract Month

Spot Month

First Trading Day (FTD)

25th of the month that is immediately preceding the contract month i.e. An Apr 09 ES contract will start trading on 25 Mar 2009

Last Trading Day (LTD)

Last market day of the contract month (“market day” is a day on which the SGX-ST is open for trading in securities)

Settlement Day

3rd market day after LTD (LTD + 3)

Settlement Basis

Settlement by physical delivery of the underlying shares

Trading Hours

ES trading hours are in line with the trading hours of the underlying securities in the ready market

Currency

Follows the trading currency of underlying shares

Naming Convention
(Trading name)

<underlying security>.ES.<YYMM> e.g., ABC.ES.0903 = ABC Extended Settlement, contract month Mar 09

Contract adjustments

ES contracts may occasionally need to be adjusted to reflect certain corporate events and actions occurring in relation to an underlying stock