30 Year U.S. Treasury Bond Futures (FTBX)
Contract Specifications
Version Jun 01, 2004
Contract Standard
U.S. Treasury bonds with a remaining maturity of at least 15 years and a face
value at maturity of USD 100,000.
Conversion factors, which are the prices in percent of par, at which
deliverable bonds with such bonds' coupons and remaining terms to maturity
would yield 6%, are used to adjust the prices of delivered bonds.
Settlement
U.S. Treasury bonds originally issued with terms to maturity of at least 15
years as of the first day of the delivery month. Callable U.S. Treasury Bonds
can only be delivered if they are not callable for at least 15 years from the
first day of the delivery month.
Price Quotation
Points (USD 1,000) and one half of 1/32 of a point; for example 122-140 equals
122-14/32, 122-145 equals 122 14.5/32.
Minimum Price Change
One half of 1/32 of a point (USD 15.625/contract); par is on the basis of 100
points.
Delivery Months
The quarterly months: March, June, September, and December.
Last Trading Day
Seven business days preceding the last business day of the delivery month.
Trading in the maturing delivery month ceases at 12:01 noon CST on its last
trading day.
First Delivery Day
The first business day of the delivery month. Notice to deliver must be
provided to the Clearing Corporation by 8:00 p.m. CST two business days prior
to delivery day.
Last Delivery Day
The last business day of the delivery month.
Delivery Method
On any business day during the delivery month, by delivery versus payment
through the Federal Reserve book-entry, wire-transfer system in accordance
with the rules of the Clearing Corporation.
Daily Settlement Price
Daily Settlement Price is determined by the Clearing Corporation based on
recommendations provided by Eurex US at 2:00 p.m. CST.
Final Settlement Price
The settlement price on the last trading day in a delivery month is provided
by the Clearing Corporation based on a recommendation by Eurex US to reflect
trading in that contract at the close, 12:01 noon, CST.
Trading Hours
7:00 p.m. until 4:00 p.m. CST, Sunday-Friday. On the last day of trading in an
expiring futures, trading in that futures contract ceases at 12:01 noon, CST.
Reportable Position
If a trader meets or exceeds 1,000 contracts in a particular delivery month,
then that position must be reported. Please refer to
Bulletin #04-002 for further details.
Disclaimer
Neither Eurex US, nor its representatives, agents, or employees are
responsible for omissions contained on any pages of the Eurex US website,
which is designed for informational purposes only and shall not constitute
investment advice, nor is it intended for solicitation purposes.
Eurex US offers services directly to Eurex US members. Those who desire to
trade, offer, or sell any products available on the Eurex US market should
consider the legal and regulatory requirements of those jurisdictions relevant
to them, and the risks associated with such products.
© Eurex US 2004
