Markit iTraxx Japan

ICE OTC

Fifty (50) of the most liquid Japanese entities with investment grade credit ratings as published by Markit® from time to time

Rule Number: 1239
Contract Symbol: ITRX.JAPAN
Currency: USD
Min Notional: Order Book: 5,000,000
All other execution methods: As agreed by counterparties
Max Notional: Order Book: 9,000,000,000
All other execution methods: As agreed by counterparties
Min Notional Increment: Order Book: 5,000,000
All other execution methods: As agreed by counterparties
Contract Series: March and September; one or two months listed at all times
Price Quotation: Basis points
Minimum Price Fluctuation: .0001 basis points
Listing Cycle: Tenors of 1 through 10 Years based on liquidity
Series: All Series, initiated with series 1
Roll Date: September 27 (or the Business Day immediately thereafter) and March 27 (or the Business Day immediately thereafter) of each calendar year
First Trading Day: Date of contract listing
Last Trading Day: Each index series with a Roll Date of September 27 shall have a maturity date of December 27 (or the first Business Day thereafter if December 27 is not a Business Day) occurring up to 10 years following the Roll Date.
Position Limit: None
Daily Price Limit: None
Off Exchange Trade Types: No
NCR and RL: Variable by contract type and price. See Error Trade Policy for more details.
MIC Code: ICES
Clearing Venues: Bilateral