Japan Government Bond 5 Year Futures

Posted By Steve On Wednesday, October 14th, 2009 With 0 Comments
Exchange Tokyo Stock Exchange
Type Interest Rate
Underlying Standardized 3%, 5-year Japan Government Bond
Currency Japanese Yen (JPY)
Contract Size 100 million yen face value
Tick Size 0.01
Tick Value 10,000 yen
Pre-Open 1 none
Trading Session 1 09:00 – 11:00
Pre-Open 2 None
Trading Session 2 14:30 – 15:00
Pre-Open T+1 None
Trading Session T+1 15:30 – 18:00
Deliverable Grade Interest-bearing 5-year JGBs with 4 years or more but less than 5.25 years
Last Trading Day 7th business day prior to each delivery date. The trading day in a new contract month begins on the next business day following the last trading day.
Final Settlement Day 20th day of each contract month
Final Settlement Price
Settlement Type Physical
Contract Months 3 months in the March quarterly cycle: March, June, September, December
First Trading Day  
Position Limit  
Initial Margin (outright)  
Maintenance Margin (outright)  
Clearinghouse Margin (outright)  
Listed Spread No
Initial Margin (spread)  
Maintenance Margin (spread)  
Clearinghouse Margin (spread)  
Daily Price Limit ± 2 points (2 million yen per contract)
Index Options Yes
Exchange Symbol JGB
Reuters Symbol  
Bloomberg Symbol  
ISIN Symbol  
SEDOL  
Notes  

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