msci china free index futures jimmy ho derivatives business unit, hkex 22 march 2001
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MSCI China Free Index Futures
Jimmy HoDerivatives Business Unit, HKEx
22 March 2001
Content
• Market Demand for China Concept Product
• Special Features of MSCI CFI Futures
• Benefits of Trading MSCI CFI Futures
• Highlights of the Contract Specifications
Market Demand for China Concept Product
• Worldwide Focus on China
• Need for Effective Trading and Hedging Tool
• Funds Focusing on Asia and China Markets
• Institutional and Retail Investors
Special Features of MSCI CFI Futures
• “Investable” China Equities
• Global Market Coverage
• Global Brand Name & Benchmark
• Facilitate Portfolio Management
• Flexibility
Benefits of Trading MSCI CFI Futures
• Efficient Execution
• Efficient Use of Capital
• Low Transaction Costs
• Clearing House Guarantee
Highlights of the Contract Specifications
Underlying Index MSCI China Free Index
Contract Months Spot month, the next calendar month, andthe next two (2) quarters months
Contract Multiplier HK$100 per Index point
Contract Value (at Index level of 2,200) HK$220,000
Minimum Fluctuation 0.1 Index point
Trading Hours (Hong Kong time) 9:45 a.m. – 12:30 p.m.2:30 p.m. – 4:15 p.m.
Settlement Method Cash settled in Hong Kong dollars
Last Trading Day The Business Day immediately precedingthe last Business Day of the Contract Month
Commission Rate Negotiable
* End *
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