- Trading Screen Product Name
- Medium Swiss Confederation Bond Future
- Trading Screen Hub Name
- ICEU
- Contract Symbol
C05
- Unit of Trading
Sfr100,000 nominal value notional Swiss Confederation Bond with 3%
coupon
- Delivery Date
10th calendar day of the respective quarterly month. If such day is
not a business day, delivery shall occur on the next succeeding
business day
- Delivery Month
March, June, September, December, such that the nearest two
delivery months are available for trading
- Quotation
Per Sfr100 nominal
- Minimum Price Fluctuation
0.01 (Sfr10)
- Last Trading Day
Two business days prior to the Delivery Day of the relevant
maturity month. On the Last Trading Day, trading in the front month
will cease at 11:30 hours.
- Exchange Delivery Settlement Price
The London market price at 11:30 hours on the Last Trading Day. The
invoicing amount in respect of each Deliverable Bond is to be
calculated by the price factor system.
- Algorithm
Central order book applies a first in first out (FIFO) matching
algorithm.
- Off Exchange Trade Types
Basis Trading, Block Trading.
- Maturities
4 years to 6 years and 6 months
- Contract Standard
Delivery may be made of any bonds on the List of Deliverable Swiss
Confederation Bond in respect of a delivery month of an Exchange
Contract, as published by the Exchange. All bond issues included in
the List will have the following characteristics:
Having terms as to redemption such as provide for redemption of the
entire Swiss Confederation Bond issue in a single instalment such
that the length of time to the maturity date from the Delivery Day
of the relevant delivery month is within the maturity range for the
relevant Exchange Contract specified by the Board in the Contract
Details;
In the case of Swiss Confederation Bonds with an early redemption
option, the first and last possible redemption dates as of the
Delivery Day of the relevant delivery month must be within the
maturity range for the relevant Exchange Contract specified by the
Board in the Contract Details;
Bearing interest at a single fixed rate throughout the term of the
issue payable in arrears annually (except in the case of the first
interest payment period which may be more or less than a year);
Being denominated and payable as to principal and interest only in
Swiss Franc and Cents (Rappen);
Having an aggregate principal amount outstanding of not less than
CHF 500 million which, by its terms and conditions, if issued in
more than one tranche or tap or issue, is fungible.
- Additional Information
Potential users of the European Government Bond Futures Contracts
should familiarize themselves with the relevant Contract Terms and
Administrative Procedures. Potential users should consider the
risks of holding a position until the Last Trading Day of a
Contract wherein they shall be buyers or sellers in the delivery
process. In particular, they should familiarize themselves with the
use of Price Factors and the EDSP price formation process as these
are both constituents of the formula for the calculation of the
invoicing amount.
NOTE: All times are London, unless otherwise stated
- MIC Code
- IFLL
- Clearing Venues
- ICEU