Futures & Options:

3. Stock Futures
The stock futures contract is a commitment to buy or sell the financial exposure equivalent to a specific amount (contract multiplier) of shares of the underlying stock at a predetermined price (contracted price) on a specified future date. The stock futures contracts are cash settled, there is no physical delivery of shares when the contract expires. All stock futures investors are required to post margin when opening a position in the market to ensure performance of the contractual obligations. If the margin falls below the stipulated level due to adverse price movements, the investors will be called upon to promptly restore the margin back to the original level.

Product descriptions are extracted from the information of the Hong Kong Exchanges and Clearing Limited