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Notice
Participants are advised that ASX has received all required regulatory clearances and internal approvals for the launch of the Bloomberg AusBond Composite Index Futures (CM) and Bloomberg AusBond Credit Index Futures (CR) contracts.
Accordingly, ASX confirms that the new contracts will be listed for trading on Monday, 24 August 2026, commencing at the start of the evening trading session at 5:10pm (Sydney time) on Friday, 21 August 2026.
At launch, the December 2026 and March 2027 expiry contracts will be available for trading.
Operating Rules Procedures Change
Regulatory clearance has been received and the associated amendments to the ASX 24 Operating Rules Procedures will come into effect on trade date Monday, 24 August 2026, beginning at the start of the evening trading session on Friday, 21 August 2026. Please refer to the attached Operating Rules Procedures for further details.
Margin Requirements
Details of the margin parameters applicable to the new contracts are available here.
Contract Specifications
Contract specifications for the Bloomberg AusBond Composite Index Futures and Bloomberg AusBond Credit Index Futures are set out below.
Futures Contracts |
Bloomberg AusBond Composite Index Futures |
Bloomberg AusBond Credit Index Futures |
Underlying Index |
Bloomberg AusBond Composite Index (BACM0) |
Bloomberg AusBond Credit Index (BACR0) |
ASX Commodity Code |
CM |
CR |
Bloomberg Code |
CMIA Index |
BCRA Index |
Refinitiv |
0#YCK |
0#YCR |
Trading Platform |
ASX 24 |
|
Launch Date |
24th August 2026 |
|
Contract Unit |
Valued at $10 per index point of the underlying index (approximately $100k notional) |
|
Contract Valuation |
Fixed Tick x Price |
|
Minimum Price Movement |
1 index point |
|
Contract Months |
March / June / September / December, up to 2 quarter months ahead. |
|
Last Trading Day |
The 15th day of the contract month (or the next succeeding business day where the 15th day is not a business day). Trading ceases at 12:00pm. Contract expiry aligned with ASX Treasury Bond Futures Contracts. |
|
Expiry Settlement Price |
Note: The standard Daily Settlement Price methodology will be applied on the Last Trading Day to form the DSP for that day. The Expiry Settlement Price will be published at 12pm on the first business day following the Last Trading Day. This will have an index value to 2 decimal places, i.e. 1/100th of an Index Point. The Expiry Settlement Price will be the index value published by Bloomberg, at 17:00 Sydney Time on the Last Trading Day. Securities in the Index are priced by the Bloomberg Valuated Service (BVAL) using T+2 mid prices from the BVAL Sydney 17:00 Snapshot. |
|
Settlement Method |
Cash-settlement, payable on the second business day following Last Trading Day. |
|
Trading Hours |
8:30am - 4:30pm Sydney Time (Day Session); 5:10pm - 7:00am (Night Session) |
|
Block Trade Threshold |
10 contracts |
|
Spreads |
Available between CM and CR. |
|
Exchange for Physical (EFP) |
Available against underlying indices |
|
Margin Offsets |
Available against Treasury Bond Futures |
|
Fees |
Headline ASX24 fee $0.90 per side, Exchange for Physical fee $0.70 per side. |
|
Testing
The contracts currently remain available for testing in the ASX Customer Development Environment (CDE and CDE+). Customer testing guidelines are available here.
Additional Information
Further information, including product documentation and Clearing Participant support, is available on the ASX website here.
What do I need to do by when?
Market participants intending to trade the Bloomberg AusBond Composite Index Futures and Bloomberg AusBond Credit Index Futures should review the information contained in this notice and ensure that internal systems, vendors and clearing arrangements are in place to support the new listing.
Need more information?
Issued by
Nita Kong, Product Manager, Rates
Contact information