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Description

Will the BOE MPC lower the BOE Bank Rate at its next scheduled meeting?

Market Specifications

Trading Screen Product Name

BoE Rate Decision - Lower Rates

Trading Screen Hub Name

ICEU

Contract

BOE MPC Rate Decision - Lower Rates

Economic Event Proposition

Will the BOE MPC lower the BOE Bank Rate at its next scheduled meeting?

Economic Event

Next scheduled monetary policy meeting of the BOE MPC

Contract Symbol

MPL

Reference Authority

Bank of England (BOE) Monetary Policy Committee (MPC)

Currency

GBP £

Period Types Available

BOE MPC scheduled announcement dates on the Bank Rate (generally eight per year, approximately every six weeks), currently available at the following link: MPC Dates

Delivery Month

The calendar months in which the BOE MPC scheduled announcements are to occur.

Contract Size

£100.00 per contract

Unit of Trading

One lot is one contract, each settling at 0.00 or 1.00 EDSP and having a cash value on Final Settlement equal to the EDSP multiplied by the Contract Multiplier.

Price Quotation

GBP per contract, quoted in £0.01 increments between £0.01 and £0.99

Minimum price movement (tick size and value)

£0.01 per contract

Minimum Tick

£1 per contract

Minimum EDSP Price Increment

N/A (0.00 or 1.00)

Price Limits

£0.01 floor / £0.99 cap

Last Trading Day

11:55 a.m. London Local Time on MPC meeting date – per iteration.

Block Trade Eligible

YES

Settlement Date

T+1 (one business day following the Last Trading Day of the relevant Delivery Month)

EDSP / Settlement Methodology

1.00: Economic Event Outcome is an affirmative answer to the Economic Event Proposition

0.00: Economic Event Outcome is a negative answer to the Economic Event Proposition.

Economic Event Outcome

Affirmative: BOE MPC announces a reduction in the Bank Rate at its next scheduled announcement, compared to that in force prior to the Event.

Negative: BOE MPC announces an unchanged or increased Bank Rate at its next scheduled announcement, compared to that in force prior to the Event.

BOE Bank Rate Release Time

12:00 London Local Time on the day of the Event.

Instructions / Data Access

Announcements on Bank Rate by the BOE MPC, currently available at the following link: Monetary policy | Bank of England

MIC Code

IFLL

Clearing Venues

ICEU

Related Products

• BOE MPC Rate Decision - Raise
• BOE MPC Rate Decision - Unchanged
• ECB Rate Decision - Lower Rates
• ECB Rate Decision - Raise Rates
• ECB Rate Decision - Unchanged Rates

Trading Hours

Codes