1. The document is a question and answer handbook about stock index futures. It covers contract specifications, trading, settlement, and contract adjustments. 2. It provides details on margin requirements, trading hours, price limits, order types and expiration months for the contracts. 3. The settlement section explains how daily and final settlement prices are determined, and how profits and losses are calculated.

1. 股票期貨
問答手冊

2. 目 錄
04
08
14
18
22

3. 2
1
1982
22 2008
11 5
2003
59.94%
20
(tracking error)
1
1

4. 4 交易篇 結算篇 契約調整篇 操作篇
7%
1
10 0.01
10 50 0.05
50 100 0.1
100 500 0.5
500 1000 1
1000 5
2,000
60
2
15%
8:45~ 1:45
8:45 ~ 1:30
12%
2,000
2 3
6 9 12 3
5
1

5. 6 交易篇 結算篇 契約調整篇 操作篇
3 6
7
1. 10 0.01
2. 10 50 0.05
3. 50 100 0.1
4. 100 500 0.5 3
5. 500 1000 1
6. 1000 5
60
4
2 3 6 9 12 3
5
5
7%
7% 7%

6. 8 契約規格篇 結算篇 契約調整篇 操作篇
3
1
4
2
1. 8 45 1 45
? 2.
8 45 1 30
TIME-STAMP-1
5
1. ( 8 30 8 45)
2. ( 8 45 1 45)
TIME-STAMP-2
6
TIME-STAMP-3
( ) ( )

7. 10 契約規格篇 結算篇 契約調整篇 操作篇
7 ? 11
1.
FOK IOC
1
FOK IOC ROD
2
FOK IOC
FOK IOC ROD
3
1 FOK Fill-or-Kill
2 IOC Immediate-or-cancel
2.
3 ROD (Rest of Day)
4 FOK
8 12 ?
1.
2.
9 3~5
10 13 ?
1.
2010/09v.s.08
2010 9 2010 8

8. 12 契約規格篇 結算篇 契約調整篇 操作篇
2. 0.01
0.01
2010 9
56.3 2010 8 60.5
9 8
2010 9 8
2010/09v.s.08
-4.2(=56.3-60.5)
2010/09v.s.08
0.03 9
8 0.03 9
14 8 0.03
9 8
(60.03 60.00) (50 49.97) 0.03(
)
15 ?
60.00
0.01 60.00 0.03
60.03 60.00+0.03
0.01
p.5 50
100 0.1 ( 60.03)
0.01

9. 14 契約規格篇 交易篇 契約調整篇 操作篇
13.5% 12%
16.2%
1 ?
1 1
1
1
2 ?
1
1
1
1
1
SPAN
3
1.
SPAN ? 2.
SPAN
3.
(SPAN) 1
2
1.
+
2.
4 ? 1.
+
2.
10%

10. 16 契約規格篇 交易篇 契約調整篇 操作篇
5 6
1.
60
2.
3.
12:30(
) 1:25( )
4. 56
5.

11. 18 契約規格篇 交易篇 結算篇 操作篇
2000 +2000
1 ?
2000 +2000
2000 +2000
1.
2000
2.
1
3.
4.
5. 2000
1
6.
2
A 2,000 A A
? 1 0.5 A
2,200 A
2
1,000
3 2.
1.
A 2,000 A A
1 A
2,000 2,200
2,200

12. 20 契約規格篇 交易篇 結算篇 操作篇
4 6 ?
= (S-D) / (1+m)
?
3 2
S
3 F
D
2 3 F 1
m
3 2
A 2,000 A A 3 F 2,000
61 A 2 1
A CAF 5
61-1
50 (= ) A
1+0.2
1
2,200
5 CA1
2,000
5
CAF
?
1

13. 22 契約規格篇 交易篇 結算篇 契約調整篇
1/2 100 2
3 B 1/15 B
1 92
2,000 100 92 2,000 2 32,000
2,000
4
1/2 50 1
1/25 60
( ) ( )
20,000
60 50 2,000 20,000 2/25 C 10 49.9 ,
=49.9 1,000 10
2
=499,000
C 3 5
50
--
=50 2,000 5
=500,000
1/2 100 2 3
3/17 40
A 2/10 A 115
(50-40) 2,000
=40 1,000 10 5
=400,000 100,000
115 100 2,000 2 60,000
3/17 -
3 400,000
-99,000
-499,000 100,000
1,000
(-99,000)

14. 24 契約規格篇 交易篇 結算篇 契約調整篇
5 6
( ) ( ) ( ) ( )
2/25 D 10 96 2/25 E 3 10 75
=96 1,000 10 =960,000 2 =2 2,000 10
=40,000
D 3 5
95 E 3 10
- 76
=95 2,000 5 -
=950,000 =76 2,000 10
=1,520,000
3/17 120
3/17 80
=120 1,000 10 = (120-95) 2,000
=1,200,000 5 =(80-76) 2,000
=250,000 10
=(80-75) 2,000 =80,000
10
=960,000 -1,200,000 =
=100,000
= -240,000 =250,000 (-240,000)
= 10,000
=40,000 100,000 =
= -60,000 =80,000 (-60,000)
= 20,000
7