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Derivatives is a type of financial products which its value is derived from the performance of underlying assets and have limited life.
Margin Requirements of Derivatives Trade - Retail
Credit Line Calculations of Derivatives Trade (TFEX)
Credit Line Calculation Credit Line used per 1 Outright Contract or 1 pair of Spread if not trading through SETTRADE system (Baht) Credit Line used per 1 Outright Contract or 1 pair of Spread if trading through SETTRADE system  (Baht)
SET50 Index Futures 10,000 7,600
BANK Futures 20,000 15,960
COMM Futures 10,000 9,880
ENERG Futures 8,000 7,600
FOOD Futures 5,000 4,940
ICT Futures 7,000 7,220
50 Baht Gold Futures 40,000 41,800
10 Baht Gold Futures 8,000 8,360
USD Futures 400 380
RSS3/RSS3D Futures* 49,000 49,400
AAV Futures 500 494
ADVANC Futures 8,000 7,980
AMATA Futures 2,000 1,710
AOTX Futures 19,000 19,000
AOT Futures (H18 onwards) 19,000 1,900
AP Futures 500 532
BA Futures 1,000 1,102
BANPU Futures 1,000 1,064
BAY Futures 2,000 1,558
BBL Futures 9,000 8,550
BCH Futures 2,000 1,558
BCP Futures 3,000 2,660
BDMS Futures 1,000 1,064
BEAUTY Futures 1,000 1,026
BEC Futures 2,000 1,672
BEM Futures 500 456
BH Futures 9,000 8,930
BJCX Futures 4,000 3,955.80
BJC Futures (U17 onwards) 4,000 3,800
BLA Futures 3,000 3,420
BLAND Futures 100 114
BTS Futures 400 380
CBG Futures 8,000 8,360
CENTEL Futures 2,000 2,280
CHG Futures 300 304
CK Futures 2,000 2,090
CKP Futures 300 304
CPALL Futures 5,000 5,130
CPF Futures 2,000 2,280
CPN Futures 3,000 3,420
DELTA Futures 11,000 11,400
DTAC Futures 5,000 5,130
EARTH Futures 700 720
EGCO Futures 13,000 12,730
EPG Futures 1,000 950
GLOBALX Futures 2,000 1,596
GLOBAL Futures 2,000 1,520
GLOW Futures 2,000 2,280
GPSC Futures 2,000 2,470
GUNKUL Futures 800 760
HANA Futures 5,000 4,750
HMPRO Futures 600 608
ICHI Futures 1,000 1,292
INTUCH Futures 3,000 2,850
IRPC Futures 400 418
ITD Futures 300 250.80
IVL Futures 4,000 3,610
JAS Futures 1,000 988
KBANK Futures 8,000 8,360
KCE Futures 11,000 10,640
KKP Futures 8,000 8,018
KTB Futures 900 874
KTC Futures 8,000 8,170
LH Futures 600 646
LPN Futures 1,000 1,216
MAJOR Futures 3,000 2,508
MINT Futures 2,000 2,280
MTLS Futures 3,000 3,420
PLANB Futures 500 494
PS Futures 2,000 1,710
PSH Futures 2,000 1,710
PTG Futures 3,000 3,040
PTT Futures 26,000 25,650
PTTEP Futures 6,000 5,510
PTTGC Futures 5,000 4,560
QH Futures 200 228
RATCH Futures 3,000 3,040
ROBINS Futures 4,000 3,800
S Futures 300 342
SAMART Futures 2,000 2,280
SAWAD Futures 4,000 3,800
SCB Futures 7,000 6,840
SCC Futures 17,000 17,480
SIRI Futures 200 152
SPALI Futures 2,000 1,748
SPCG Futures 1,000 1,140
STA Futures 3,000 3,230
STEC Futures 2,000 2,090
STPI Futures 800 760
TASCO Futures 3,000 3,230
TCAP Futures 3,000 3,040
THAI Futures 2,000 1,900
THCOM Futures 2,000 2,280
TISCO Futures 7,000 6,650
TMB Futures 200 152
TOP Futures 5,000 4,560
TPIPL Futures 200 228
TRUE Futures 500 532
TTA Futures 2,000 2,100
TTCL Futures 1,000 1,406
TTW Futures 600 570
TU Futures 1,000 950
TVO Futures 3,000 3,420
UNIQ Futures 2,000 1,520
VGI Futures 600 570
VNG Futures 1,000 988
WHA Futures 200 190
TGB5 Futures 7,000 6,840
BB3 Futures 700 722
Remark:
* For trading through SETTRADE system, the closest series of RSS3/RSS3D Futures, which have remaining life less than or equal to 11 business days ( 10 business days prior to the last trading day), will use the credit line of 155,800 Baht per contract.
As of 11 April 2017
Commission & Exchange Fees (TFEX)

Commission Fee of Derivatives Trade (TFEX)

    Commission Fee of SET50 Index Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant

1-25

87.1 Baht per contract

26-100

67.1 Baht per contract

101-500

47.1 Baht per contract

501 or more

37.1 Baht per contract

2. Retail: Orders sent through the internet

1-25

79.1 Baht per contract

26-100

61.1 Baht per contract

101-500

43.1 Baht per contract

501 or more

34.1 Baht per contract

3. Institutional 
Starting 1st contract

37.1 Baht per contract

      Commission Fee of SET50 Index Options(1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant
1-25
85.1 Baht per contract
26-100
65.1 Baht per contract
101 - 500
45.1 Baht per contract
501 or more
35.1 Baht per contract
2. Retail: Orders sent through the internet
1- 25
77.1 Baht per contract
26-100
59.1 Baht per contract
101 -500
41.1 Baht per contract
501 or more
32.1 Baht per contract
3. Institutional 
Starting 1st contract
35.1 Baht per contract

      Commission Fee of Single Stock Futures

Commission Fee per Contract

Brokerage Fee + TFEX & TCH & SEC Fee
(Excluding VAT)

1. Retail and Institutional: Orders sent through Investment Consultant
Commission Fee per Contract (0.1% * Futures Price * Contract Size) + (TFEX & TCH & SEC Fee)
2. Retail and Institutional: Orders sent through the internet

Commission Fee per Contract

(0.09% * Futures Price * Contract Size) + (TFEX & TCH & SEC Fee)

In case of average Single Stock Futures price for last month over 100.00 baht

Period

TFEX & TCH & SEC Fee (Excluding VAT)

1st January 2016 onwards

5.10 Baht

In case of average Single Stock Futures price for last month below or equal to 100.00 baht

Period

TFEX & TCH & SEC Fee (Excluding VAT)

1st January 2016 onwards

0.51 Baht

Example: On 4 January 2016, the client has long PTTEP Futures through IC at the futures price of 105.5 Baht. The Commission Fee (excluding VAT) us equal to {(0.1%*105.5 * 1,000) + 5.1} = 110.60 Baht per contract. 

     Commission Fee of ENERG Index Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant

1-25

100.1 Baht per contract

26-100

80.1 Baht per contract

101-500

60.1 Baht per contract

501 Contracts or more

50.1 Baht per contract

2. Retail: Orders sent through the internet

1-25

91.1 Baht per contract

26-100

73.1 Baht per contract

101-500

55.1 Baht per contract

501 Contracts or more

46.1 Baht per contract

3. Institutional 
Starting 1st contract
50.1 Baht per contract

     Commission Fee of BANK Index Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant

1-10

200.1 Baht per contract

11-40

160.1 Baht per contract

41-200

120.1 Baht per contract

201 Contracts or more

100.1 Baht per contract

2. Retail: Orders sent through the internet

1-10

182.1 Baht per contract

11-40

146.1 Baht per contract

41-200

110.1 Baht per contract

201 Contracts or more

92.1 Baht per contract

3. Institutional 
Starting 1st contract
100.1 Baht per contract

     Commission Fee of ICT Index Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant

1-50

50.1 Baht per contract

51-200

40.1 Baht per contract

201-1,000

30.1 Baht per contract

1,001 Contracts or more

25.1 Baht per contract

2. Retail: Orders sent through the internet

1-50

45.6 Baht per contract

51-200

36.6 Baht per contract

201-1,000

27.6 Baht per contract

1,001 Contracts or more

23.1 Baht per contract

3. Institutional 
Starting 1st contract
25.1 Baht per contract

     Commission Fee of COMM Index Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant

1-25

100.1 Baht per contract

26-100

80.1 Baht per contract

101-500

60.1 Baht per contract

501 Contracts or more

50.1 Baht per contract

2. Retail: Orders sent through the internet

1-25

91.1 Baht per contract

26-100

73.1 Baht per contract

101-500

55.1 Baht per contract

501 Contracts or more

46.1 Baht per contract

3. Institutional 
Starting 1st contract
50.1 Baht per contract

     Commission Fee of FOOD Index Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts
Commission Fee (Excluding VAT)
1. Retail: Orders sent through Investment Consultant

1-50

50.1 Baht per contract

51-200

40.1 Baht per contract

201-1,000

30.1 Baht per contract

1,001 Contracts or more

25.1 Baht per contract

2. Retail: Orders sent through the internet

1-50

45.6 Baht per contract

51-200

36.6 Baht per contract

201-1,000

27.6 Baht per contract

1,001 Contracts or more

23.1 Baht per contract

3. Institutional 
Starting 1st contract
25.1 Baht per contract


     Commission Fee of 50 Baht Gold Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts

Commission Fee (Excluding VAT)

1. Retail: Orders sent through Investment Consultant
1 - 5

490.1 Baht per contract

6-20

390.1 Baht per contract

21 or 50

290.1 Baht per contract

51 or more

240.1 Baht per contract

2. Retail: Orders sent through the internet
1 - 5

445.1 Baht per contract

6-20

355.1 Baht per contract

21 or 50

265.1 Baht per contract

51 or more

220.1 Baht per contract

3. Institutional   
Starting 1st contract
240.1 Baht per contract

     Commission Fee of 10 Baht Gold Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts

Commission Fee (Excluding VAT)

1. Retail: Orders sent through Investment Consultant
1-25

98.1 Baht per contract

26-100

78.1 Baht per contract

101 - 250

58.1 Baht per contract

251 or more

48.1 Baht per contract

2. Retail: Orders sent through the internet
1-25

89.1 Baht per contract

26-100

71.1 Baht per contract

101 - 250

53.1 Baht per contract

251 or more

44.1 Baht per contract

3. Institutional 
Starting 1st contract
48.1 Baht per contract

     Commission Fee of USD Futures (1st Contract Structure) for each customer type and order channel:*

Since the first contract traded

Commission Fee (Excluding VAT)

1. Retail: Orders sent through Investment Consultant

1-2,000 Contracts

11.1 Baht per contract

2,001 Contracts or more

8.1 Baht per contract

2. Retail: Orders sent through the internet

1-2,000 Contracts
10.1 Baht per contract

2,001 Contracts or more

7.4 Baht per contract

3. Institutional: Orders sent through Investment Consultant

Since the first contract traded

8 Baht per contract

3. Institutional: Orders sent through the internet 

Since the first contract traded

8 Baht per contract

     Commission Fee of RSS3/RSS3D Futures (1st Contract Structure) for each customer type and order channel:*

No. of contracts

Commission Fee (Excluding VAT)

1. Retail: Orders sent through Investment Consultant
1-25

270 Baht per contract

26-100

245 Baht per contract

101 - 250

220 Baht per contract

251 or more

195 Baht per contract

2. Retail: Orders sent through the internet
1-25

245 Baht per contract

26-100

222.5 Baht per contract

101 - 250

200 Baht per contract

251 or more

177.5 Baht per contract

3. Institutional 
Starting 1st contract
195 Baht per contract

     Commission Fee of Interest Rate Futures*

BB3 Futures (3M BIBOR Futures)

No. of contracts (per day)
Commission Fee (Excluding VAT)

1. Individual and Institutional: Orders sent through Investment Consultant

Starting 1st contract

120.1 Baht

2. Retail: Orders sent through the internet

Starting 1st contract

110.1 Baht

TGB5 Futures (5 Year Government Bond Futures)

 No. of contracts (per day)
Commission Fee (Excluding VAT)
1. Individual and Institutional: Orders sent through Investment Consultant

Starting 1st contract

60.1 Baht

2. Retail: Orders sent through the internet

Starting 1st contract

55.1 Baht

Note: * The Commission Fee (excluding VAT) above includes TFEX, TCH and SEC fee. From 5th June 2012 onwards, the derivatives account for every trading channel through both Sales Representative and Internet channels has a minimum commission charge for brokerage fee of 50 Baht per the settlement cycle. The settlement cycle includes the trade from the night session of day T-1 and the trade from the morning session of day T and the afternoon session of day T. The minimum commission charge for brokerage fee does not include the fee payable to Thailand Futures Exchange, Thailand Clearing House and the SEC.

Data as at 4 January 2016

Derivatives Trading

Derivatives is a type of financial products which its value is derived from the performance of underlying assets and have limited life.

The following symbols represent each expiry month of the derivatives contracts :

F = January, G = February, H = March,         J = April,       K = May,           M = June,

N = July,       Q = August,    U = September, V = October, X = November, Z = December

Futures Exchange can be divided into 2 categories by the nature of the contracts traded. 1.Over the Counter market ( OTC ) which the contract can be customized to suit the buyer and seller needs and 2. Organized Exchange which the derivatives contracts are standardized and identical. The advantages of Organized Exchange are 1.since all derivatives contracts in the series are identical, the buyer and seller will understand the contract specification of these standard contract 2.the Exchange Traded Derivatives can be trade with ease and reduce the costs of finding the buyer and seller for the contracts. Another major advantage of Organized Exchange is that there will be the Clearing House which will act as the agent to smooth the settlement of contract and responsible for fulfill the obligation arise from the derivatives contracts, this will eliminate the counterparty risk which is the risk that one side of the contract cannot fulfill the obligation resulting from the contracts and other side lose benefit that should be received the benefit from the buying or selling of derivatives contracts.

Thailand Futures Exchange Pcl. (TFEX) was established in 2004 by the Stock Exchange of Thailand (SET), as the central marketplace for derivatives trading in Thailand. TFEX is licensed to offer various products whose underlying assets include equities, fixed income instruments, interest rates, and related indices, foreign currencies and non-agricultural commodities such as gold and brent crude oil. As of January 2015, there are 8 major products trading in TFEX which are SET50 Index Futures, SET50 Index Options, Single Stock Futures, Gold Futures, Brent Crude Oil Futures, Interest Rate Futures, USD Futures and Sector Futures.

The clearing and settlements are guaranteed by the Thailand Clearing House Co., Ltd (TCH), one of the subsidiaries of the SET. TCH guarantees all trades by acting as the counter-party for every derivatives trading transaction in TFEX.

 

Source: All information referenced from TFEX (Thailand Futures Exchange).  Click here for additional details

SET50 Index Futures

Underlying assets of SET50 Index Futures is SET50 Index which calculated from the first 50 biggest listed companies in the Stock Exchange of Thailand under the condition that these stocks must satisfy the liquidity condition set by the Stock Exchange of Thailand.

For contract specification of SET50 Index Futures, please click here.

SET50 Index Options

The SET50 Index Option holder have the right but not the obligation to "buy if it is a call option" or "sell if it is a put option" from the SET50 Index Option writer at predetermined price and date already agreed in the contract.

For contract specification of SET50 Index Options, please click here.

Single Stock Futures

Single Stock Futures is a type of Future products in TFEX which buyer and seller agreed today on the future price and quantity of stocks that will be traded at specific date in the future. The settlement will be done in cash and there will be no physical transfer of stocks.

For contract specification of Single Stock Futures, please click here.

Sector Index Futures

For contract specification of Sector Index Futures, please click here.

Gold Futures

Underlying asset of Gold Futures is 96.5% purity gold. Buy and seller agreed today on the futures price and quantity of gold that will be traded in the specific date. The settlement will be done in cash and no physical transfer will occur at that date. Currently TFEX offers 2 type of Gold Futures: 50Baht Gold Futures and 10Baht Gold Futures.

For contract specification of Gold Futures, please click here.

USD Futures

For contract specification of USD Futures, please click here.

Interest Rate Futures

For contract specification of 3M BIBOR Futures, please click here.

For contract specification of 5Y Gov Bond Futures, please click here.

TFEX Night Session

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