Skip to main content
Entire section Custom print Text Only Rich Text Print

H. Perpetual ETDs.

1.VASPs providing ETD Services which include any ETD that does not have a fixed expiry date (the "Perpetual ETD") must ensure that the funding rate for each Perpetual ETD is calculated no less than three (3) times per day.
2.VASPs must comply with Rule ‎V.J.7 of this Exchange Services Rulebook below in respect of all price feeds used to comply with Rule ‎V.H.1.
3.VASPs providing ETD Services must have procedures in place to ensure that the funding of any Perpetual ETD is provided by the client required to provide such funding, to the other client receiving such funding, on a regular basis during the course of each day, based on the outcome of the funding rate calculation referenced in Rule ‎‎V.H.1 above. 
4.
VASPs providing ETD Services which include any Perpetual ETD, must provide Retail Investors with access to a predictive funding rate payment chart, in respect of Perpetual ETDs, to assist Retail Investors in determining and assessing potential future exposure and liabilities in relation to such Perpetual ETDs. VASPs must include a prominent disclaimer explaining that such predictive funding rate payment chart is provided for educational purposes only, and does not constitute investment advice.