Single Stock Futures is Futures contract underlying on Stocks in SET. The contract size is 1,000 shares. Buyer and sellers make an agreement to buy/sell in present however the delivery (of cash settlement only) will be made on the specific date in the future e.g. 3 months, 6 months. The cash settlement will be based on the last settlement price.
TFEX has defined the characteristics and specifications for Single Stock Futures, as follow:
| Heading | Contract specification | ||||||||||||
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Underlying Asset |
Listed securities in SET which meet TFEX listing criteria. |
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Ticker Symbol |
Securities Symbol |
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Contract Size |
1,000 shares per contract |
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Contract Months |
March, June, September, December up to 4 nearest quarters |
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Price Quotation |
Baht per share |
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Minimum Price fluctuations |
THB 0.01 |
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Price Limit |
±30% of the previous day settlement price |
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Trading Hours |
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Speculative Position Limit |
Net 20,000 contracts on one side of the market in any contract month or all contract months combined. |
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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. |
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Final Settlement Price |
The average of the underlying share price during last 15 minutes and the closing price on the last trading day, rounded to the nearest two decimal points. | ||||||||||||
| Settlement Method | Cash Settlement |
Underlying Asset
The listed companies selected by TFEX as the underlying stocks for Single Stock futures are:
|
1. |
AAV | Asia Aviation Public Company Limited | Transportation & Logistics |
| 2. |
ADVANC |
Advanced Info Service Public Company Limited |
Information & Communication Technology |
| 3. | AMATA | Amata Corporation Public Company Limited |
Property Development |
| 4. | AOT | Airports of Thailand Public Company Limited | Transportation & Logistics |
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5. |
BANPU |
Banpu Public Company Limited |
Energy & Utilities |
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6. |
BAY |
Bank Of Ayudhya Public Company Limited |
Banking |
|
7. |
BBL |
Bangkok Bank Public Company Limited |
Banking |
| 8. | BCP | The Bangchak Petroleum Public Company Limited | Energy & Utilities |
| 9. | BGH | Bangkok Dusit Medical Services Public Company Limited | Health Care Services |
| 10. | BH | Bumrungrad Hospital Public Company Limited | Health Care Services |
| 11. | BJC | Berli Jucker Public Company Limited | Commerce |
| 12. | BLAND | Bangkok Land Public Company Limited | Property Development |
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13. |
BTS |
BTS Group Holdings Public Company Limited |
Transportation & Logistics |
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14. |
CPALL |
CP All Public Company Limited |
Commerce |
| 15. | CENTEL | Central Plaza Hotel Public Company Limited | Tourism & Leisure |
| 16. | CK | CH. Karnchang Public Company Limited | Property Development |
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17. |
CPF |
Charoen Pokphand Foods Public Company Limited |
Food and Beverage |
| 18. | CPN | Central Pattana Public Company Limited | Property Development |
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19. |
DTAC |
Total Access Communication Public Company Limited |
Information & Communication Technology |
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20. |
HMPRO |
Home Product Center Public Company Limited |
Commerce |
| 21. | INTUCH | Shin Corporation Public Company Limited | Information & Communication Technology |
|
22. |
IRPC |
IRPC Public Company Limited |
Energy & Utilities |
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23. |
ITD |
Italian-Thai Development Public Company Limited |
Property Development |
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24. |
IVL |
Indorama Ventures Public Company Limited |
Petrochemicals & Chemicals |
| 25. | JAS | Jasmine International Public Company Limited | Information & Communication Technology |
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26. |
KBANK |
Kasikornbank Public Company Limited |
Banking |
| 27. | KK | Kiatnakin Bank Public Company Limited |
Banking |
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28. |
KTB |
Krung Thai Bank Public Company Limited |
Banking |
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29. |
LH |
Land And Houses Public Company Limited |
Property Development |
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30. |
MINT |
Minor International Public Company Limited |
Food and Beverage |
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31. |
PS |
Pruksa Real Estate Public Company Limited |
Property Development |
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32. |
PTT |
PTT Public Company Limited |
Energy & Utilities |
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33. |
PTTEP |
PTT Exploration And Production Public Company Limited |
Energy & Utilities |
| 34 | PTTGC | PTT Global Chemical Public Company Limited | Petrochemicals & Chemicals |
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35. |
QH |
Quality Houses Public Company Limited |
Property Development |
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36. |
SCB |
The Siam Commercial Bank Public Company Limited |
Banking |
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37. |
SCC |
The Siam Cement Public Company Limited |
Construction Materials |
| 38. | SIRI | Sansiri Public Company Limited | Property Development |
| 39. | ROBINS | Robinson Department Store Public Company Limited | Commerce |
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40. |
STA |
Sri Trang Agro-Industry Public Company Limited |
Agribusiness |
| 41. | STEC | Sino-Thai Engineering and Construction Public Company Limited | Property Development |
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42. |
TCAP |
Thanachart Capital Public Company Limited |
Banking |
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43. |
THAI |
Thai Airways International Public Company Limited |
Transportation & Logistics |
| 44. | THCOM | Thaicom Public Company Limited | Information & Communication Technology |
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45. |
TMB |
TMB Bank Public Company Limited |
Banking |
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46. |
TOP |
Thai Oil Public Company Limited |
Energy & Utilities |
| 47. | TPIPL |
TPI Polene Public Company Limited |
Construction Materials |
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48. |
TRUE |
TRUE Corporation Public Company Limited |
Information & Communication Technology |
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49. |
TTA |
Thoresen Thai Agencies Public Company Limited |
Transportation & Logistics |
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50. |
TUF |
Thai Union Frozen Products Public Company Limited |
Food and Beverage |
Investors are require to deposit Initial Margin with their respective broker before trading futures contract. Brokers will then calculate the profit and loss and add or subtract funds at the end of day via a processed call Mark-to-Market.
- If losses occur and causes the margin account to drop below the maintenance Margin level,
- Investors are require to deposit additional funds to meet the Initial Margin requirement.
- If there are profits above the Initial Margin, Investors can withdraw their funds from their account.
According to the rules and regulations, the initial margin for local investors should be at least 1.35 times the maintenance margin set by Thailand Clearing House Co., Ltd. (TCH). However, as a mutual agreement between brokers and the Futures Industry Club (FI Club), the initial margin is set at 1.9 times the maintenance margin and 1.35 times the maintenance margin for local investor and institutional investor, respectively.
The commission is the combination between contract-value based commission and fixed commission per contract, VAT exclusive, for Offline and Internet trading as follows:
|
Contract Price* |
Commission Fee |
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Offline |
Internet trading |
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Less than or equal to 100 Bt. |
0.10% of contract value |
+ 0.5 Baht |
0.09% of contract value |
+ 0.5 Baht |
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More than 100 Bt. |
+ 5.0 Baht |
+ 5.0 Baht |
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* Contract Price is the average price of futures contract during the previous month calculated by TFEX
