Contract Specifications
PHILIPPINES PESO/US DOLLAR FUTURES
Description
Philippines Peso/US Dollar Futures
Contract Symbol
SPD
Contract Size
PHP 5,000,000
Currency
USD
Trading Price
US Dollar per Philippines Peso (PHP/USD)
Minimum Price
Fluctuation
USD 0.0001 per 100 Philippines Pesos (USD 5 per tick)
Last Trading Day
Trading ceases at 11:31 AM Manila time (11:31 AM Singapore time) on the
last Philippines business day of the contract expiry month.
Contract Security
ICE Clear Singapore acts as the central counterparty for trades conducted
on ICE Futures Singapore. This enables it to guarantee the financial
performance of every contract registered with it by clearing members up to
and including exercise and/or settlement.
Settlement
The final settlement price will be equal to the reciprocal of the USD/PHP FX
settlement rate multiplied by 100 (rounded to 4 decimal places) reported by
the Philippines Dealing System at approximately 11:31 AM Manila time
(11:31 AM Singapore time) on the last trading day.
Daily Margin
All open contracts are marked-to-market daily.
Contract Series
Monthly for all twelve calendar months for thirteen consecutive calendar
months. A new contract is listed for trading on the business day following
the last trading day of the expiring month.
Delivery/Settlement Basis
Cash-settled
Business Days
ICE Futures Singapore business days
ICE FUTURES SINGAPORE
Contract Specifications
Trading
Pre-open
Singapore
8:00 AM to 6:00 AM*
7:55 AM
London
1:00 AM to 11:00 PM*
12:55 AM
New York
8:00 PM to 6:00 PM*
7:55 PM
Trading Hours
*Next day
These hours are subject to change in accordance with Exchange Rule
A.8(a).
ICE FUTURES SINGAPORE