|
| MATIF MEDIUM TERM GILT
FUTURES CONTRACT |
| Contract |
Medium Gilt |
| Underlying |
Fictitious UK Government bond, denominated in
GBP, with a maturity of 4 to 7 years as at the first
business day of delivery month, redeemable at maturity, with 7%
coupon |
| Nominal |
£100,000 |
| Quotation |
Percentage of nominal, to 2 decimal places |
| Tick size and value |
Tick size 0.01 % of nominal, value £10 |
| Delivery months |
First two from the March(H), June(M),
September(U), December(Z) cycle |
| Last day of trading |
Second business day (in Paris and London)
preceding the third Wednesday of the delivery month at 10 :00
(GMT) |
| Opening |
First business day of a delivery month, opening
of a third quarterly maturity |
| Delivery |
Delivery of gilts, at seller's choice, among an
official list of eligible UK government bonds. The final list is
published by MATIF SA 15 business days prior to the last trading
day. The deliverable gilts shall
- have nominal and coupon payable in Pounds and pence ,
- be entirely redeemable at maturity,
- not be convertible,
- bear interest at a single fixed rate payable in arrears
semi-annually (except for the first coupon payment),
- not be in bearer form,
- have an outstanding amount of at least £ 1.5 billion or
of at least £ 3 billion if the bond was first issued more
than twelve months before the delivery month,
- have a residual maturity from 4 to 7 years on the
delivery date.
Delivery is based on the Exchange Delivery Settlement Price
which corresponds to the market closing price on the last
trading day |
| Delivery schedule |
D last trading day
D + 1 repartition
D + 2 delivery
These days must be business days in Paris and London.
Conversion Factor calculated on the repartition day.
Delivery mechanism : through Euroclear |
| Trading System & hours |
NSC-VF
Preopening : 8:15-8:30
main session : 8:30-18:30 (GMT)
Settlement price determined at : 15:30 (GMT) |
| MATIF LONG TERM GILT
FUTURES CONTRACT |
| Contract |
Long Gilt |
| Underlying |
Fictitious UK Government bond, denominated in
GBP, with a maturity of 7.5 to 11 years, redeemable at
maturity, with 7% coupon |
| Nominal |
£100,000 |
| Quotation |
Percentage of nominal, to two decimal places |
| Tick size and value |
Tick size 0.01 % of nominal, value £10 |
| Delivery months |
First two from the March(H), June(M),
September(U), December(Z) cycle |
| Last day of trading |
Second business day preceding the third
Wednesday of the delivery month at 10 :00 (GMT) |
| Opening |
First business day of a delivery month, opening
of a third quarterly maturity |
| Delivery |
Delivery of gilts, at seller's choice, among an
official list of eligible UK government bonds. The final list is
published by MATIF SA 15 business days prior to the last trading
day. The deliverable gilts shall
- have nominal and coupon payable in Pounds and pence ,
- be entirely redeemable at maturity,
- not be convertible,
- bear interest at a single fixed rate payable in arrears
semi-annually (except for the first coupon payment),
- not be in bearer form,
- have an outstanding amount of at least £ 1.5 billion or
of at least £ 3 billion if the bond was first issued more
than twelve months before the delivery month,
- have a residual maturity from 7,5 to 11 years on the
delivery date
Delivery is based on the Exchange Delivery Settlement Price
which corresponds to the market closing price on the last trading
day |
| Delivery schedule |
D last trading day.
D + 1 repartition
D + 2 delivery
These days must be business days in Paris and London.
Conversion Factor calculated on the repartition day.
Delivery mechanism : through Euroclear |
| Trading System & hours |
NSC-VF
Preopening : 8:15-8:30
main session : 8:30-18:30 (GMT)
Settlement price determined at : 15:30 (GMT) |
| LIST OF UK GOVERNMENT
BONDS - MEDIUM TERM GILT FUTURE |
| Expiry September 1998 |
| Coupon |
|
Maturity date |
| 8% |
|
June 10, 2003 |
| 6,5% |
|
December 7, 2003 |
| 9,5% |
|
October 25, 2004 |
| 6,75% |
|
November 26, 2004 |
| 9,5% |
|
April 18, 2005 |
|
|
|
|
|
|
|
|
|
| Expiry December 1998 |
| Coupon |
|
Maturity date |
| 8% |
|
June 10, 2003 |
| 6,5% |
|
December 7, 2003 |
| 9,5% |
|
October 25, 2004 |
| 6,75% |
|
November 26, 2004 |
| 9,5% |
|
April 18, 2005 |
| 8,5% |
|
December 7, 2005 |
| LIST OF UK GOVERNMENT
BONDS - LONG TERM GILT FUTURE |
| Expiry September 1998 |
| Coupon |
|
Maturity date |
| 7,75% |
|
September 8, 2006 |
| 7,5% |
|
December 7, 2006 |
| 8,5% |
|
July 16, 2007 |
| 7,25% |
|
December 7, 2007 |
| 9% |
|
October 13, 2008 |
|
|
|
|
|
|
|
|
|
| Expiry December 1998 |
| Coupon |
|
Maturity date |
| 7,75% |
|
September 8, 2006 |
| 7,5% |
|
December 7, 2006 |
| 8,5% |
|
July 16, 2007 |
| 7,25% |
|
December 7, 2007 |
| 9% |
|
October 13, 2008 |
| 8% |
|
September 25, 2009 |
|
