News File
Amendment to the contract specification of Overnight Interest Rate Futures
(27 January 2010)
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TFX has listed Over-Night Call Rate Futures (hereinafter called “Call Rate Futures”) and Spot-Next Repo Rate Futures (hereinafter called “Repo Rate Futures”) as Over-Night Interest Rate Futures since December 2007. TFX has decided to change the contract specification of its Overnight Interest Rate Futures contracts as follows in order to meet member demands and revitalize the market. |
1. Main changes in products
| Items | After Change | Current |
| (1)Underlying asset | ||
| Call Rate Futures | Average Uncollateralized Overnight Call Rate (Final results) released by the Bank Of Japan (BOJ) over the interval between the BOJ’s Monetary Policy Meetings (MPMs) | Average Uncollateralized Overnight Call Rate (Final results) released by the Bank Of Japan over a period of 1 calendar month |
| Repo Rate Futures | Average GC Spot-Next Repo Rate released by BOJ over the interval between the BOJ’s MPMs | Average GC Spot-Next Repo Rate released by Bank Of Japan over a period of 1 calendar month |
| (2)No. of contract months | ||
| Call Rate Futures & Repo Rate Futures |
6 consecutive calendar months | 12 consecutive calendar months |
2. Timing of implementation TFX will list the new Call Rate Futures and Repo Rate Futures by around June this year. 3. Action Prior to the aforementioned amendment, TFX will suspend trading in the Call Rate Futures and Repo Rate Futures in early April 2010. Please settle positions arising from Call Rate Futures or Repo Rate Futures before the suspension. Please see the accompanying documents for details. |
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The original of this publication has been prepared in the Japanese language only and
the Japanese language texts shall govern for all purposes and in all respects. Accordingly, all questions that may arise shall be decided in accordance with the Japanese language texts. Whilst reasonable care has been taken to ensure that this translation is accurate and free from errors, no liability is accepted by TFX in any circumstances. |
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For Contact Market Planning Group Market Development Department Tel:+81 3 4578 2440 Fax:+81 3 3212 5780 Email:info@tfx.co.jp URL: http://www.tfx.co.jp/en |
