BIST VIOP Most Change O_ISCTRE1217C4.75 % -100,00 O_ISCTRE1217C4.75 % -100,00 O_ISCTRE1217C4.75 % -100,00 O_ISCTRE1217C4.75 % -100,00 O_ISCTRE1217C4.75 % -100,00 Highest Open Position O_ISCTRE1217C4.75 00

SINGLE STOCK FUTURES


Contract Size
100 shares per contract

Tick Size
Prices are given for one underlying share.
Price tick is TL 0.01 per share= TL 1.00 (contract size 100 shares)

Contract Months
All calendar months (three consecutive months - the current contract month and the next two calendar months shall be concurrently traded. If December is not one of those three months, an extra contract with an expiration month of December shall be launched.)
 
Settlement
Physical delivery

Settlement Period
T+2 (2 business days after the expiry date)

Losses are deducted from the accounts at the end of T day, profits are added to the accounts on T.

Trading Hours
Continuous trading from 09:30 to 18:10 (local time)

Daily Settlement Price

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

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

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

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

d) If no trades were done during the session, the previous day settlement,

will be determined as the daily settlement price.

If the daily settlement price cannot be calculated with the above methods by the end of the 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 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.

Trade reporting 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 final settlement price of single stock futures contracts shall be the closing price of the spot market session on the last trading day.
 
Expiry Date
The last business day of the contract month.

Last Trading Day
The last business day of the contract month.

Daily Price Limit

Base price is the price determined by the Settlement Price Committee on the day the relevant contract is introduced for trading, and used in calculating the daily price change limits. For the other days, base price is the settlement price of the previous day.
The daily price limit is set as +/-20% of the base price which is found by rounding the previous daily settlement price. If the price limits found by this method is not a valid price tick, for upper limit it is rounded up, while the lower limit is rounded down to the nearest price tick.

Margins
Clearing legislation shall be applied.