Underlying Asset

Bosnia and Herzegovina Sarajevo Stock Exchange's Price Index, “The Sarajevo Stock Exchange Index 10” (SASX 10).

Contract Size (Standard Contract)

The underlying asset is the SASX 10 index value multiplied by 1 TL

Compromise

Cash compromise

Daily and Expiry Settlement Prices

Daily Settlement Price

The daily settlement price used to update the accounts at the end of the normal session is calculated as follows and rounded to the nearest price step:

a) The quantity-weighted average price of all transactions performed within the last 10 minutes before the end of the regular session is determined as the daily settlement price.

b) If less than 10 trades have been made in the last 10 minutes, the quantity-weighted average price of the last 10 trades that are retrospectively in the normal session is taken.

c) If less than 10 transactions were made in the normal session, the quantity-weighted average price of all transactions performed during the normal session is taken.

d) If no transactions were made during the normal session, the settlement price of the previous day is determined as the daily settlement price.

In the event that the daily settlement price cannot be calculated according to the above mentioned methods at the end of the normal session, or if the price determined does not reflect the market correctly, the daily settlement price can be determined by using the methods listed below.

a) Average of the best buy and sell quotes at the end of the normal session,

b) "theoretical" prices to be calculated taking into account the spot price of the underlying asset or the daily settlement prices valid for other contract months.

Special Transaction Notifications are not included in the calculations above. Daily Settlement Price is changed by the Settlement Price Committee.

Maturity Price

The closing value of the underlying asset in the relevant market on the last trading day. Settled settlement price is rounded to the nearest price step. In the event that the market in which the underlying asset is traded is completely closed or the price is not open or the index value cannot be calculated in the market where the underlying asset is traded, the settlement price is determined by the Settlement Price Committee.

Maturity Months

February, April, June, August, October and December. At the same time in the market, contracts for the two terms closest to the current month are traded.

Clearing Time

The settlement period is applied as T + 1. While losses are collected from accounts at the end of T day, profits are transferred to accounts on day T.

Contract Term and Last Transaction Day

In commodity futures contracts, maturity and last trading day become the last business day of each maturity month. In case the domestic markets are half a day due to a public holiday, the term and the last trading day of the contract are the previous business day.

Price Quotation and Minimum Price Step

In the order book, price quotations are shown on the basis of one underlying asset. In other words, it is entered at the price given for one underlying asset in the transaction system.

The contract price is entered into the trading system, where the index value is two digits after the comma (Example: 750.50), and the smallest price step that can occur at once is 0.25. (Example: 750.50; 750.75 etc.). Quantity offers are entered in the form of a contract and its multiples.

Base Price and Daily Price Change Limit

The base price is the price used by the Settlement Price Committee to calculate the daily price change limits and determined by the Settlement Price Committee on the day the contract is opened, and for the other transaction days, the settlement price of the previous day.

Daily price change limit is ± 15% of the base price determined for each contract. If the lower or upper limit calculated by this method does not correspond to the price step, the upper limit is rounded to an upper price step and the lower limit to a lower price step.