One-month TONA futures
| Underlying asset | the monthly average of TONA | |
|---|---|---|
| Trading unit | 1 Basis point value (price fluctuation of 0.01) = 2,500 yen | |
| Price quotation | 100 minus rate of interest | |
| Tick size & value | 0.001（0.001%＝250 yen） | |
| Contract months | 7 consecutive calendar months | |
| Reference Days【Trading Calendar】 | From the first calendar day of the month to the last day of the month for each contract month. ※For the purpose of computing the rate of any non-business day, the rate of the last business day shall be used |
|
| Last trading day【Trading Calendar】 | The business day following the last business day of each month | |
| Final settlement day | The first business day following the last trading day | |
| Final settlement | Cash settlement | |
| Final Settlement Price | The final settlement price is calculated and presented to 3 decimal places (0.1 tick). The final settlement price is 100 minus the monthly average of TONA rounded to the nearest 3rd decimal point. The monthly average of TONA is calculated by adding each day's daily rate of the contract month and dividing by the number of the days for contract month. |
|
| Trading hours (JST) | 8:30 - 8:45 | Pre-open period (Order entry without execution) |
| 8:45 - 11:30 | Day(morning) session (Cleared as today's trade) | |
| 11:30 - 12:30 | Restricted period (Cancel and volume cutback only) | |
| 12:30 - 15:30 | Day(afternoon) session (Cleared as today's trade) | |
| 15:30 - 20:00 | Evening session (Cleared as the next day's trade) | |
| Trading hours for the contract on its last trading day (JST) | 8:30 - 8:45 | Pre-open period |
| 8:45 - 9:30 | Day session | |
| Matching Method | Auction method with FIFO algorithm （Price/Time Priority） | |
| Strategy Trades | Calendar spread trading | |
| Implied Function | Implied-in and Implied-out | |
| Block Trades | Available (Minimum volume: 1 contracts) | |
| Give-up Trades | Available | |
| Margin | SPAN® | |
| Ticker Code | Refinitiv【JO1】 Bloomberg【 YPLA Comdty】 QUICK【010】 Trading Technologies 【O1】 |
TONA final result | Refinitiv【JPONMUF=RR】 Bloomberg【MUTKCALM Index】 Quick【TNAR@】 Bank of Japan 【Call Money Market Data】 |
Incentives
- please contact Wholesale Business Department.
Market information
For details, see "Outline for One-month TONA futures"For order types and modifiers available for this product, see "Order Types".
