Underlying Security

CNH/TRY Parity

Contract Size

10,000 CNH

Price Quotation and Minimum Price Tick

Prices shall be quoted in terms of Turkish Lira per Chinese Offshore Yuan significant to four decimals.

The minimum price tick is 0.0001 (0.0001*10.000 = 1 TRY for each contract)

Sample quote: TRY 0.5194, TRY 0.5299, TRY 0.5326

Contract Months

Cycle months are February, April, June, August, October and December. Four contracts whose expiration months are the current month, the next calendar month, the next cycle month and December shall be concurrently traded. If there are less than four contracts, an extra contract with an expiration month of December of the next year shall be launched.

Settlement

Cash settlement

Settlement Period

T+1 (first day following the expiry date) Losses are deducted from, profits are added to the accounts at the end of T day

Trading Hours

Continuous trading from 09:30 to 18:15 (local time).

Daily Settlement Price

The daily settlement price is calculated as follows at the end of the normal session and rounded to the nearest price tick:

a) The volume weighted average price of all the trades executed within the last 10 minutes of the normal session,

b) If less than 10 trades were realized in the last 10 minutes of the normal session, the volume weighted average price of the last 10 trades executed during the normal session,

c) If less than 10 trades were realized in the normal session, the volume weighted average price of all the trades executed during the normal session,

d) If no trades were realized during the normal session, the previous day settlement price is determined as the daily settlement price.

If the daily settlement price cannot be calculated with the methods above by the end of the normal session, or the prices calculated do not reflect the market correctly, the daily settlement price may be determined by using one or more of the following methods.

a) The average of the best buy and sell quotations at the end of the normal session,

b) Theoretical prices are calculated considering spot price of the underlying asset or the daily settlement price for other contract months of the contract.

Trades executed by trade reports will not be taken into consideration in the above calculations. The Settlement Price Committee’s right to change the daily settlement price is under reserve.

Final Settlement Price

The CNH/TRY rate calculated with exchange rate of USD/CNY (HK) announced by the Hong Kong Treasury Markets Association and average of USD/TRY selling and buying rates announced by the Central Bank of the Republic of Turkey at 15:30 of the last trading day.

The Last Settlement Price shall be rounded to the nearest tick.

If the final settlement price cannot be calculated due to public market holiday or any other reason the Settlement Price Committee will determine the final settlement price on the expiry day.

Expiry Date

Last business day of the contract month. In case domestic markets are closed for half day due to an official holiday, expiry day shall be the preceding business day.

Last Trading Day

Last business day of the contract month. In case domestic markets are closed for half day due to an official holiday, last trading day shall be the preceding business day.

Daily Price Limit

Daily price limit is equal to ±10% of the base price determined for each contract. If the upper or lower limit so calculated does not correspond to a price tick, the upper limit will be rounded to the upper price tick; and the lower limit, to the lower price tick.