| Contract | Underlying | Contract size | Settlement |
|---|---|---|---|
| ALSI future | FTSE/JSE Top 40 index | R10 per index point | Cash |
| DTOP future | FTSE/JSE Top 40 SWIX | R10 per index point | Cash |
| Single stock future | One JSE-listed share | 100 shares | Cash or physical |
| Index option | Top 40 index | As the future | Cash |
| Can-Do future | Customised | Negotiated | As agreed |
| Dividend future | Index dividends | Per point | Cash |
| Feature | SAFEX | Offshore CFD |
|---|---|---|
| Counterparty | The clearing house | The broker |
| Regulator | JSE and FSCA | The broker's home regulator |
| Pricing | Exchange order book | The broker's quote |
| Margin | Set by the exchange | Set by the broker |
| Expiry | Quarterly close-out | Usually none |
| Overnight cost | None, the price carries it | Daily financing |
| Minimum size | One contract, usually substantial | Fractional |
| Item | Rule |
|---|---|
| Close-out months | March, June, September, December |
| Close-out date | The third Thursday of the month |
| Close-out period | Prices sampled over a defined window |
| Rolling a position | Close the near contract, open the next |
| Effect on the market | Volume spikes, and the index can be pinned |
Data maintained by TradeAnswers · updated as the figures change