Exchange |
Tokyo Financial Futures Exchange |
Type |
Interest Rate |
Underlying |
Three month Euroyen TIBOR (Tokyo InterBank Offered Rate) - Determined by the Japanese Bankers Association at 11:00am |
Currency |
Japanese Yen (JPY) |
Contract Size |
¥100,000,000 (Notional principal amount) |
Tick Size |
0.005 |
Tick Value |
1250 JPY |
Pre-Open 1 |
08:30 - 08:45 |
Trading Session 1 |
08:45 - 12:30 |
Restricted Period |
11:30 - 12:30 |
Trading Session 2 |
12:30 - 15:30 |
Pre-Open T+1 |
None |
Trading Session T+1 |
15:30 - 20:00 |
Last Trading Day |
Two business days prior to the third Wednesday of the contract month |
Final Settlement Day |
The first business day following the last trading day |
Final Settlement Price |
100 minus the three month TIBOR rate rounded to 3 decimal places. For example, if TIBOR is 0.12786%, the final settlement price is 99.872(100 minus 0.128). |
Settlement Type |
Cash |
Contract Months |
20 quarterly months and 2 serial months |
First Trading Day |
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Position Limit |
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Initial Margin (outright) |
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Maintenance Margin (outright) |
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Clearinghouse Margin (outright) |
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Listed Spread |
No |
Initial Margin (spread) |
|
Maintenance Margin (spread) |
|
Clearinghouse Margin (spread) |
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Daily Price Limit |
|
Index Options |
Yes |
Exchange Symbol |
EY |
Reuters Symbol |
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Bloomberg Symbol |
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ISIN Symbol |
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SEDOL |
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Notes |
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