SET50 Index is calculated on a Market Capitalization Weight approach using the stock prices of the top 50 listed companies selected by SET in terms of large market capitalization, high liquidity.
SET50 Index Futures is the agreement between the buyer and seller agreeing to buy/sell the SET50 Index at the exercise price on within the expiration period.
Underlying Asset | SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand (S50) |
Contract Multiplier | THB 200 per index point |
Contract Months | 3 nearest consecutive months plus the next 3 quarterly months |
Price Quotation | SET50 Index price |
Minimum Price Fluctuations | 0.1 index point (or THB 20 per contract) |
Price Limit | ± 30% of the latest settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
Final Settlement Price | The final settlement price shall be the numerical value of the SET50 Index, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
SET50 Index Options is a contract with SET50 Index as the underlying asset. The buyer of a Long position has the right, but not the obligation, to buy or sell SET50 Index at a specific price on or before a certain date to the buyer of a Short position. The price of such option is called the Premium. The contract has a specific period where the seller is obligated to fulfill once the buyer exercises the option.
There are 2 types of SET50 Index Options
Option Type | Premium Paid | Premium Received | If SET50 = Exercise Price | If SET50 => Exercise Price | If SET50 =< Exercise Price |
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Long Call | Loss on Premium |
Gain on difference between Exercise Price and Premium |
Loss on Premium | ||
Long Put | Loss on Premium | Loss on Premium |
Gain on difference between Exercise Price and Premium |
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Short Call | Gain on Premium |
Loss on difference between Exercise Price and Premium |
Gain on Premium | ||
Short Put | Gain on Premium | Gain on Premium |
Loss on difference between Exercise Price and Premium |
Underlying Asset | SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand (S50) |
Contract Multiplier | THB 200 per index point |
Contract Months | 3 nearest consecutive months plus 1 quarterly month |
Price Quotation | Premium |
Minimum Price Fluctuations | 0.1 index point (or THB 20 per contract) |
Price Limit | ± 30% of the previous day's SET50 Index |
Exercise Style | European |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
Final Settlement Price | The final settlement price shall be the numerical value of the SET50 Index, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
Series Name he contract name has 5 components
Underlying Asset | Expiry Date | Expiring Year | Position | Exercise Price |
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(S50) | Months | Years | (Call,Put) |
Sector Index Futures is a futures contract with sector index as an underlying. Initially there will be a total of 5 underlying sectors available for trading: Banking, Information and Communication Technology, Energy and Utilities, Commerce and Food and Beverage
Underlying Asset | Sector Index computed and disseminated by the Stock Exchange of Thailand | ||||
Banking (BANK) |
Information & Communication Technology(ICT) |
Energy & Utilities (ENERG) |
Commerce (COMM) |
Food and Beverage (FOOD) |
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Contract Multiplier | THB 1,000 per index point | THB 10 per index point | |||
Contract Months | March (H) June (M) September (U) December (Z) up to 4 quarters | ||||
Price Quotation | Sector index price | ||||
Minimum Price Fluctuations | 0.10 index point (or THB 100 per contract) |
1 index point (or THB 10 per contract) |
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Price Limit | ± 30% of the latest settlement price | ||||
Trading Hour |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. | ||||
Final Settlement Price | The final settlement price shall be the numerical value of the Sector Indices, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the Sector Indices taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values. |
Single Stock Futures or SSF is a futures contract with underlying asset announced by TFEX. Investing in SSF generally requires only 5-20% collateral of the underlying asset’s price. There are opportunities to make profit in bullish and bearish markets. Investors can use SSF as a speculation or hedging tool.
Underlying Asset | Listed securities in SET which meet TFEX listing criteria. The current list has 126 stocks which are AAV, ADVANC, AEONTS, AMATA, AOT, AP, AWC, BA, BAM, BANPU, BAY, BBL, BCH, BCP, BCPG, BDMS, BEAUTY, BEC, BEM, BGRIM, BH, BJC, BLA, BLAND, BPP, BSRC, BTS, CBG, CENTEL, CHG, CK, CKP, COM7, CPALL, CPF, CPN, CRC, DELTA, EA, EASTW, EGCO, EPG, ERW, GFPT, GLOBAL, GPSC, GULF, GUNKUL, HANA, HMPRO, ICHI, INTUCH, IRPC, ITD, IVL, JAS, JMT, KBANK, KCE, KEX, KKP, KTB, KTC, LH, LPN, M, MAJOR, MBK, MEGA, MINT, MTC, OR, ORI, OSP, PLANB, PRM, PSH, PSL, PTG, PTT, PTTEP, PTTGC, QH, RATCH, RS, S, SAMART, SAWAD, SCB, SCC, SCGP, SGP, SIRI, SPALI, SPCG, SPRC, STA, STEC, STGT, STPI, SUPER, TASCO, TCAP, THAI, THANI, THCOM, THG, TISCO, TKN, TOA, TOP, TPIPL, TPIPP, TQM, TRUE, TTA, TTB, TTCL, TTW, TU, TVO, UNIQ, VGI, VNG, WHA and WHAUP |
Contract Size | 1,000 shares per contract (except contract adjustment for corporate action) |
Contract Months | March (H) June (M) September (U) December (Z) up to 4 nearest quarters |
Price Quotation | THB per share |
Minimum Price Fluctuations | THB 0.01 (or THB 10 per Contract) |
Price Limit | ± 30% of the previous day settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
Final Settlement Price | The volume weighted average value of the underlying share trading transaction during last 15 minutes and at the closing on the last trading day, rounded to the nearest two decimal points. |
Gold Futures is a futures contract with gold (96.5% purity) as an underlying asset and settled in Thai Baht. The characteristic of gold price movement that do not correlate with the equity market makes gold futures a very interesting investment option in bullish and bearish markets. Currently there are 2 sizes of contracts which are the 10 baht contract and 50 baht contract. Details are as follow;
Underlying Asset |
10 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF10) 50 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF) |
Contract Size |
10 Thai Gold Baht(1 Thai Gold Baht = 15.244 grams) 50 Thai Gold Baht(1 Thai Gold Baht = 15.244 grams) |
Contract Months | 3 nearest even month : February (G) April (J) June (M) August (Q) October (V) and December (Z) |
Price Quotation | THB per one baht weight of gold |
Minimum Price Fluctuations | THB 10 (or THB 100 per contract) THB 10 (or THB 500 per contract) |
Price Limit |
± 10% of latest daily settlement price, market will be temporarily halted.
When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of expiring contract will be ceased at 16:30 hrs. on Last Trading Day. |
Final Settlement Price |
The final settlement price formula is as follows: = London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD) |
Gold Online Futures is a futures contract with gold (99.5% purity) as an underlying asset and settled in THB. The characteristic of gold price movement that do not correlate with the equity market makes gold futures a very interesting investment option in bullish and bearish markets without exposure in currency risk.
Underlying Asset | Gold Price with a purity of 99.50% (GO) |
Contract Size | 1 contract = 300 multiplier of the reference price per troy ounce |
Contract Multiplier | THB 300 per 1 US Dollar per troy ounce |
Contract Months | March (H) June (M) September (U) and December (Z) up to 2 nearest quarters |
Price Quotation | US Dollar per troy ounce |
Minimum Price Fluctuations | USD 0.1 (or THB 30 per contract) |
Price Limit | ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
Final Settlement Price | The London Gold AM Fixing price on the last trading day as publish by ICE Benchmark Administration (IBA). There will be no foreign exchange rate adjustment. |
GOLD-D Futures is a futures contract with gold (99.99% purity) as an underlying asset and settled in Physical Delivery.
Underlying Asset | Gold Bullion with a purity of 99.99% (GD) |
Contract Size | 100 grams (3.2148 Troy Ounces) |
Contract Months | 1 nearest quarterly month :March (H) June (M) September (U) และ December (Z) |
Price Quotation | US Dollar per Troy Ounces |
Minimum Price Fluctuations | USD 0.10 |
Price Limit | ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs. |
Settlement Method | For Kasikorn securities there is no physical delivery, only use Cash Settlement. |
Final Settlement Price | The volume weighted average price during last 30 minutes x (THB/USD) x 3.2148 |
Silver Online Futures is a futures contract with silver (99.90% purity) as an underlying asset and settled in THB. The characteristic of silver price movement that do not correlate with the equity market makes silver futures a very interesting investment option in bullish and bearish markets without exposure in currency risk.
Underlying Asset | Silver with purity of 99.90% (SVF) |
Contract Size | 1 contract = 3,000 multiplier of the reference price per troy ounce |
Contract Multiplier | THB 3,000 per 1 US Dollar per troy ounce |
Contract Months | 2 nearest quarterly month :March (H) June (M) September (U) and December (Z) |
Price Quotation | USD per troy ounces |
Minimum Price Fluctuations | USD 0.01 per contract (or THB 30 per contract) |
Price Limit | ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:55 hrs. |
Final Settlement Price | The LBMA Silver Fixing price on the last trading day as published by ICE Benchmark Administration (IBA). There will be no foreign exchange rate adjustment. |
USD Futures is future contracts with USD/THB exchange rate as the underlying asset. USD Futures is a tool that helps traders manage their foreign exchange risk. It also increases the chances of making a profit for speculative investors.
Underlying Asset | USD/THB exchange rate (USD) |
Contract Size | 1,000 USD per contract |
Contract Months | 3 nearest consecutive months plus the next quarterly months |
Price Quotation | THB per US Dollar (with 2 decimal points) |
Minimum Price Fluctuations | THB 0.01 (or THB 10 per contract) |
Price Limit | ±2% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±4% of latest daily settlement price |
Speculative Position Limit | Net 10,000 contracts on one side of the market in any contract month or all contract months combined |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 11:00 hrs. |
Final Settlement Price | Calculated from the exchange rate announced by Thomson Reuters at 11:00 hrs (BKK time) on the last trading day (4 decimal points) |
USD/JPY Futures is futures contracts with USD/JPY exchange rate as the underlying asset. Using Thai baht as margin and calculating profit and loss in Thai baht using a fixed multiplier.
Underlying Asset | USD/JPY Exchange rate (USD/JPY) |
Multiplier | 300 |
Contract Months | 1 Nearest quarterly month (March, June, September, December) |
Price Quotation | JPY per 1 USD (with 2 decimal points) |
Minimum Price Fluctuations | 0.01 JPY (or 3 THB per contract) |
Price Limit | Initial price limit is ±2.5% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±5% of the latest settlement price. |
Speculative Position Limit | Net 50,000 contracts of USD/JPY Futures in any contract month or all contract months combined. |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 11:00 hrs. |
Final Settlement Price | Calculated from the exchange rate announced by Refinitiv (Thomson Reuters: WM Spot Rate) at 11:00 hrs (BKK time) on the last trading day |
EUR/USD Futures is futures contracts with EUR/USD exchange rate as the underlying asset. Using Thai baht as margin and calculating profit and loss in Thai baht using a fixed multiplier.
Underlying Asset | EUR/USD Exchange rate (EURUSD) |
Multiplier | 30,000 |
Contract Months | 1 Nearest quarterly month (March, June, September, December) |
Price Quotation | USD per 1 EUR (with 4 decimal points) |
Minimum Price Fluctuations | 0.0001 USD (or 3 THB per contract) |
Price Limit | Initial price limit is ±2.5% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±5% of the latest settlement price. |
Speculative Position Limit | Net 50,000 contracts on one side of the market in any contract month or all contract months combined |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 11:00 hrs. |
Final Settlement Price | Calculated from the exchange rate announced by Refinitiv (Thomson Reuters: WM Spot Rate) at 11:00 hrs (BKK time) on the last trading day |
Rubber Futures is contracts with Natural Rubber Ribbed Smoke Sheet No. 3 according to the Green Book standard as the underlying asset.
Underlying Asset | Natural Rubber Ribbed Smoke Sheet No. 3 according to the Green Book standard. (RSS3) |
Contract Size | 5,000 Kilograms (5 tons) |
Contract Months | 7 nearest consecutive months |
Price Quotation | THB per 1 Kilo with 2 decimals points |
Minimum Price Fluctuations | THB 0.05 (or THB 250 per contract) |
Price Limit | ±5% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±10% of latest daily settlement price |
Trading Hours |
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Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 16:55 hrs. |
Final Settlement Price |
For Kasikorn securities there is no physical delivery, only use Cash Settlement. The settlement price is calculated from the Volume Weight Average Price (VWAP) on the last trading day, providing that trading volume of expiring contract exceeds the level specified by exchange. If the trading volume does not meet the criteria, then use the last 3-Day average of Daily Settlement Price (including last trading day). |
Japanese Rubber Futures is contracts with Japanese Natural Rubber Ribbed Smoke Sheet No. 3 in the Osaka Exchange which have high volume of futures contract.
Underlying Asset | Japanese Natural Ribbed Smoke Sheet No. 3 (JRF) |
Contract Size | 1 contract = 300 multiplier of the reference price |
Contract Multiplier | THB 300 per JPY per Kg. |
Contract Months | 6 nearest consecutive months |
Price Quotation | JPY per kilogram |
Minimum Price Fluctuations | JPY 0.10 per contract unit (or THB 30 per contract) |
Price Limit | ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price |
Trading Hours |
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Last Trading Day | The fourth business day preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 13.15 hrs. |
Final Settlement Price | Settlement Price of RSS3 Rubber Futures as announced by Osaka Exchange on the last trading day. There will be no foreign exchange rate adjustment. |
3M BIBOR Futures is futures contracts with 3 month Bangkok interbank offered rate as the underlying asset.
Underlying Asset | 3M BIBOR is 3 month Bangkok interbank offered rate (BB3) |
Contract Size | THB 10,000,000 |
Contract Months | March (H) June (M) September (U) and December (Z) up to 2 quarters |
Price Quotation | In terms of index 100.000 - Yield (on annual basis with 3 decimal points) |
Minimum Price Fluctuations | 0.005 (or THB125 per contract) |
Price Limit | ±2.5% of the latest settlement price |
Trading Hours |
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Last Trading Day | The third Wednesday of the contract month and the trading of expiring contract will be ceased after 11:00 hrs. on the last trading day |
Final Settlement Price | Calculated from 3M BIBOR fixed at 11:00 hrs. (BKK time) as announced by Bank of Thailand on the last trading day (4 decimal points) |
5Y Gov Bond Futures is futures contracts with 5 years government bond as the underlying asset.
Underlying Asset | 5-Year Thai Government Bond with 5% coupon (semi-annual) (TGB5) |
Contract Size | THB 1,000,000 |
Contract Months | March (H) June (M) September (U) and December (Z) up to 2 quarters |
Price Quotation | Price quoted by percent of par value with 2 decimal points. |
Minimum Price Fluctuations | 0.01 (or THB100 per contract) |
Price Limit | ± 5% of the latest settlement price |
Trading Hours |
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Last Trading Day | The third Wednesday of the contract month and the trading of series going to expire will be ceased after 16:00 hrs. on the last trading day |
Final Settlement Price |
- Based on basket of eligible bond – A designated basket of Government Bonds with a minimum issuance size of ฿5,000 million and 4 - 6 year term to maturity on the first calendar day of the contract month. - Calculated from average yield quoted by primary dealers (4 decimal points) |
The Futures Symbol consists of Underlying Asset symbol, Contract Months and Contract Years Expiration.
For example: The SET50 Index Futures that expires in March 2022. The Futures Symbol is S50H22.
Months | Series |
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January | F |
February | G |
March | H |
April | J |
May | K |
June | M |
July | N |
August | Q |
September | U |
October | V |
November | X |
December | Z |
For additional information, please contact
Monday – Friday, 8:30 A.M. - 5:00 P.M.
(except Bank of Thailand holidays).