Exchange Derivatives

DSP and FSP

Daily Settlement Price (DSP) Calculated based on the closing price of securities trading (underlying) on ​​the Regular Market for Futures Contracts with underlying Equity Securities including Securities Indexes and the fair price of PHEI for Debt Securities and Sukuk.  

Final Settlement Price (FSP) Calculated based on the average price of securities (underlying) in the last 30 (thirty) minutes of trading on the underlying market by taking 4 points within a time span of 10 minutes before the closing of securities trading (underlying) on ​​the Regular Market for Futures Contracts with underlying Equity Securities including Securities Indexes, Foreign Index Futures Contracts  and the fair price of PHEI for Debt Securities and Sukuk. In the case of a Foreign Index Futures Contract, if there is no calculation of the value of the underlying foreign index due to a holiday on the underlying exchange, then the HPF is calculated following the same mechanism but using the value of the underlying foreign index on the previous day.

DSP for Foreign Index Futures Contracts (KBIA) is calculated as follows: 

  1. In the event that there are no KBIA transactions at the time of BEI trading, the HPH is calculated using the latest index value from the Index Provider;
  2. In the event that there is a KBIA transaction but it only occurs at the time of calculating the underlying foreign index, then the HPH is calculated using the last underlying foreign index value from the Index Provider;
  3. In the event that there is a KBIA transaction on the IDX after the calculation time for the underlying foreign index has ended, the HPH for KBIA is calculated using the average price as follows: 
    ● 4 (four) points of the last underlying foreign index value from the Index Provider with a time span of 10 (ten) minutes in the last 30 (thirty) minutes of the underlying foreign index calculation time; And 
    ● 4 (four) KBIA transaction price points on the IDX with a time span of 10 (ten) minutes in the last 30 (thirty) minutes of KBIA trading time on the IDX.
  4. In the event that there is no calculation of the value of the underlying foreign index due to a holiday on the underlying stock exchange, the HPH for KBIA is calculated following the HPH mechanism in points a, b and c above, but using the value of the underlying foreign index the previous day.