ICE Three Month BBSW Futures83049446
ICE Futures Europe
ICE Three Month BBSW Futures
Description
ICE Three Month BBSW Futures is a cash settled future based on ASX Three-month BBSW rate for three-month deposits
Market Specifications
- Trading Screen Product Name
- Three Month BBSW Futures
- Trading Screen Hub Name
- ICEU
- Contract Symbol
- BSW
- Unit of Trading
- AUD $2,500 x Rate Index
- Minimum Price Fluctuation
- All delivery months: 0.00250 (A$6.25)
- Last Trading Day
- At 07:00 Australian Eastern Time on the Business day preceding the second Friday of the expiry Month, i.e. Thursday following the first Friday of the expiry month.
- Delivery Month
- March, June, September, December, and four serial months, such that 24 delivery months are available for trading, with the nearest six delivery months being consecutive calendar months .
- Exchange Delivery Settlement Price
- 0.00010
- Quotation
- 100.00 minus the numerical value of the rate of interest
- Algorithm
- Central order book applies a gradual time-based pro-rata (GTBPR) matching algorithm with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap).
- Currency
- AUD $
- Underlying Index
- THREE MONTH BBSW®
- Interest Rate Basis
- Act/360 Fixed
- Wholesale Trade Types
- Basis trading, Block Trading, Asset Allocation
- Contract Standard
- Cash settlement based on the Exchange Delivery Settlement Price.
- Clearing
- ICE Clear Europe
- Disclaimer
- Based on the ASX Three Month BBSW mid-rate as published on the Last Trading Day. The settlement price will be 100.00 minus the Three Month BBSW mid-Rate rounded to four decimal places. Where the EDSP Rate is not an exact multiple of 0.00010, it will be rounded to the nearest 0.0001 or, where the EDSP Rate is an exact uneven multiple of 0.00005, to the nearest lower 0.0001 (e.g. a BBSW rate of 4.52235 becomes 4.5223)
- MIC Code
- IFLL
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 4:00 PM* 20:00 - 16:00 | 7:45 PM 19:45 |
| LONDON | 1:00 AM - 9:00 PM 01:00 - 21:00 | 12:45 AM 00:45 |
| SINGAPORE | 8:00 AM - 4:00 AM* 08:00 - 04:00 | 7:45 AM 07:45 |
Codes
- Clearing Admin Name
- AUD Rates
- Physical
- BSW
- Logical
- BSW
- GMI (FC)
- ION A.C.N.
- Symbol Code
- BSW