Process Flow

Main Activity

 

	1.Instrument Issuance :         1.1 The TFEX is the issuer for this instrument. For the approval          process,the TFEX shall file a draft prospectus including important          information of the instrument to the SEC. The example of such information          is underlying assets'information.         1.2 The TFEX applies to the TSD for ISIN code
	3.Trading in the Exchange Market :          3.1 In case of options, the holders have the right to buy/ sell the underlying          assets. The exercise the right to buy/ sell may lead to getting profits or lossed.          3.2 The TCH as the clearing house completes the clearing and settlement          process with brokerage companies          3.3 In case investors need to close/offset their position, they need to send          the order which is on the opposite side of the futures/options they hold.
	5.Maturity of Instrument:         5.1 In case the investors hold their futures until their maturity,the system         will clear the transaction and the final settlement price will be used in         the clearing system. This may lead the investors to gain or lose.