BOJ Dated TONA Futures83049702
ICE Futures Europe
BOJ Dated TONA Futures
Description
The BOJ Dated TONA Index Futures is a cash settled future based on the interest rate accrued over a BOJ Dated period (from one BOJ Policy Rate Effective Date to, but excluding, the next).
Market Specifications
- Trading Screen Product Name
- BOJ Dated TONA Futures
- Trading Screen Hub Name
- ICEU
- Contract Symbol
- BOJ
- Underlying Index
- TONA
- Delivery Month
- Consecutive delivery months, each covering a BOJ Dated period. A maximum of up to twelve delivery months may be available for trading.
The number of available delivery months will be limited by the number of BOJ Dated periods that have been published by the Bank of Japan from time to time. - Contract Size
- JPY 160,000,000
- Currency
- JPY
- Unit of Trading
- JPY 400,000 x Rate Index
- Quotation
- 100.00 minus the numerical value of the rate of interest
- Contract
- JPY 400,000
- Minimum Price Fluctuation
- 0.00250 (JPY 1000)
- Last Trading Day
- The business day immediately preceding the BOJ Policy Rate Effective Date of the next delivery month. Trading will cease at 18:00 (Japanese Standard Time)
- First Underlying Accrual Day
- The BOJ Policy Rate Effective Date.
- Last Accrual Date
- The calendar day immediately preceding the next BOJ Policy Rate Effective Date.
- Exchange Delivery Settlement Price
- Publication: Next business day following the Last Trading Day.
100 minus the EDSP Rate.Based on TONA, as calculated by the Benchmark Administrator for each business day, the EDSP Rate represents the effective rate of interest achieved by reinvesting at TONA for each day of the accrual period of the contract. - Trading Hours
- 01:00 to 22:00 (LLT)
- Wholesale Trade Types
- Basis trading, Block Trading, Asset Allocation
- Clearing
- ICE Clear Europe
- Contract Standard
- Cash settlement based on the Exchange Delivery Settlement Price.
- Disclaimer
- The contracts have a standardised basis point value so that, for hedging purposes, a calculation will need to be made in relation to the hedge ratio to take into account any mismatch between the standardized basis point value and the actual basis point value of the position being hedged, determined by the actual number of days in the accrual period.
- MIC Code
- IFLL
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 5:00 PM* 20:00 - 17:00 | 7:45 PM 19:45 |
| LONDON | 1:00 AM - 10:00 PM 01:00 - 22:00 | 12:45 AM 00:45 |
| SINGAPORE | 8:00 AM - 5:00 AM* 08:00 - 05:00 | 7:45 AM 07:45 |
Codes
- Clearing Admin Name
- JPY Rates
- Physical
- BOJ
- Logical
- BOJ
- GMI (FC)
- ION A.C.N.
- Symbol Code
- BOJ