News File
Zenginkyo TIBOR would be the final settlement price for Euroyen Futures
(Apr 27, 1997)
On 27th April 1998, TIFFE's Board of Directors agreed in a Board Meeting that the Zenginkyo TIBOR will be used as the final settlement price for Three-Month Euroyen Futures. (As we already announced on 13th April.)
TIFFE's final settlement prices of Euroyen Futures has been calculated in it's own way by hearing rates from various financial institutions. Zenginkyo TIBOR for Euroyen was newly announced from last March to provide Euroyen users with standard interest rates of more efficient index nature.
The new final settlement price will be applied for the June 1998 Contracts on 15th June 1998, subject to the approval by the Minister of Finance.
-ends-
TIFFE's final settlement prices of Euroyen Futures has been calculated in it's own way by hearing rates from various financial institutions. Zenginkyo TIBOR for Euroyen was newly announced from last March to provide Euroyen users with standard interest rates of more efficient index nature.
The new final settlement price will be applied for the June 1998 Contracts on 15th June 1998, subject to the approval by the Minister of Finance.
