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 interest rate accrued over the BOJ Monetary Policy Meeting period.
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 the period from one BOJ Monetary Policy Meeting to the next.
A maximum of up to twelve delivery months may be available for trading. - 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 final day of the next BOJ Monetary Policy Meeting, trading will cease at 18:00 (Japanese Standard Time)
- First Underlying Accrual Day
- The second business day following the first day of the BOJ Monetary Policy Meeting.
- Last Accrual Date
- The calendar day immediately preceding the First Accrual Date of the next delivery month.
- 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