Future Contract¶

Overview¶

Future is a version of derivatives product.

Future included by following component:

flowchart LR

  %% Component
  subgraph derivative[Derivative]
    subgraph future[Future]
      index_future[Index Future]
      bond_future[Bond Future]
    end
  end

  subgraph underlying_asset[Underlying Asset]
    index[Index]
    government_bond[Government Bond]
  end

  %% Flow
  index_future --- index
  bond_future --- government_bond

For Vietnam market, following is underlying of asset:

Government Bond Future¶

5-year Government Bond, par value: VND 100,000, coupon: 5%/year, periodic interest payment at the end of every 12-month period, one-time principal payment at maturity date

, with remaining maturity from three to seven years on final settlement day, with the minimum of VND 2,000 billion in listing value. Conversion factor is calculated on the basis of coupon (5% per year).

VN30 Future¶

y (including 15 minutes of continuous order matching and 15 minutes of post-trading periodic order matching), having ruled out three highest index values and three lowest ones of the continuous order matching.

For example: current month is April. Expiry months are April, May, June and September. |

Entity–relationship model¶

Model¶

The model of future has been declared like follow

Table: hnx_profile_future¶

Table: hnx_profile_future

Description: contain the profile of future (one of derivative)

Map on financial instrument

Futher Reading¶

• [1] Introduction of profile for security

Source Reference¶

• [1] HNX - Form of future contract

• https://www.onixs.biz/fix-dictionary/4.2/msgType_c_99.html