Japan Government Bond 5 Year Futures
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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