Name of ETN | Mega TIP Customized TPEx ESG IT Elite Total Return Index ETN |
Security Type | Exchange Traded Note (ETN) |
Underlying Index | TIP Customized TPEx ESG IT Elite Total Return Index |
Securities Code | 020026 |
Website | https://www.emega.com.tw/emegaFinance/etn.do |
Listing | Taipei Exchange |
Regulator | Securities and Futures Bureau |
Issuer/Manager | Mega Securities Co., Ltd |
Issue of Units | Scripless, units held in the Depository and not available for withdrawal in physical form |
Depository | Taiwan Depository & Clearing Corporation |
Investor Fees | 1% annually |
Distribution | None |
Trading in the Secondary Market | |
Buy/sell | Through any licensed securities broker |
Account Opening | Need to open a securities trading account with a brokerage house |
Commission | Same as for ordinary stocks |
Board lot | 1,000 units |
Trading time | 9:00 – 13:30 |
Tax | 0.1% levied on the sale of the ETN |
Bid/ask spread | NTD 0.01 if the price of the ETN is less than NTD 50 NTD 0.05 if the price of the ETN is above NTD 50 |
Limit up and down | 10%, same as that for stocks |
TPEX Information Disclosure |
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Margin Trading | None |
Subscription and Redemption in the Primary Market | |
Subscription and redemption | Subscription is not available. Cash redemption. |
Purchase and repurchase File (PRF) | PRF will be disclosed through the TWSE purchase and repurchase platform to all securities brokers |
Order input time | 9:00 – 12:00 on each dealing day |
Tax | No tax is levied on redemption |
Subscription Unit / Redemption Unit | Redemption:500,000 units |
Placement of subscription and redemption orders | Through any licensed securities broker |
Subscription Price / Redemption Price | Indicative Value per unit on the day of redemption |
Subscription consideration / Redemption consideration | Subscription is not available. The Total Amount of Cash Redemption= Cash Redemption Amount- Redemption Fee |
Types of subscription | Not available |
Types of redemption | Cash redemption |
Subscription and redemption fee | Redemption fee TWD $1,000/ 500,000 Units and Redemption Transaction Fee 0.4% of the redemption consideration. |