News File
Dealing with New Framework for Monetary Policy Meetings about TFX`s Over-Night Call Rate Futures
(6 July 2015)
This informs how TFX will deal with new framework for Monetary Policy Meetings (MPMs) of Bank of Japan (BOJ) has announced on June 19th, 2015 which will reduce the frequency of MPMs to 8 times a year.
Currently underlying asset for TFX`s Over-Night Call Rate Futures is the average rate of Uncollateralized Overnight Call Rate (Final results) published by BOJ over the interval between the BOJ MPMs which TFX designates. TFX will change some contract months as follows according to the new framework.
For contract months after Jan 2016, in accordance with TFX`s Trading Regulations Article 3.3 TFX will change the Period between the Designated MPMs Dates to “the period between the first day and the last day of the month which each contract month refers”. Please see the table below for specific dates. No changes are made to the trading unit, tick size and value.
| Listed Date | Object period for trading （Period between the Designated MPMs Dates） |
||
Aug-15 |
2015/2/19 |
2015/7/16 |
2015/8/7 |
Sep-15 |
2015/3/18 |
2015/8/8 |
2015/9/15 |
Oct-15 |
2015/4/9 |
2015/9/16 |
2015/10/7 |
Nov-15 |
2015/5/25 |
2015/10/8 |
2015/11/19 |
Dec-15 |
2015/6/22 |
2015/11/20 |
2015/12/18 |
Jan-16 |
2015/7/16 |
2016/1/1 |
2016/1/31 |
Feb-16 |
2015/8/10 |
2016/2/1 |
2016/2/29 |
Mar-16 |
2015/9/16 |
2016/3/1 |
2016/3/31 |
Apr-16 |
2015/10/8 |
2016/4/1 |
2016/4/30 |
May-16 |
2015/11/20 |
2016/5/1 |
2016/5/31 |
Jun-16 |
2015/12/21 |
2016/6/1 |
2016/6/30 |
※ No changes are made to the contracts months listed before 2015/6/22. Additionally, the objective period for trading of the contract months after July 2016 shall be between the first day and the last day of the month which each contract month refers.
Outline for Over-Night Call Rate Futures
For further information in relation to this, Members should contact:
Fixed Income Products Development and Marketing Department
TEL +81-3-4578-2438 FAX +81-3-3212-5780
E-mail marketing@tfx.co.jp
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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