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Notice
ASX-Bloomberg AusBond Index Futures
ASX is targeting the launch of two new interest rate futures contracts tracking the Bloomberg AusBond Composite (BACM0) and Credit (BACR0) Indices. This notice outlines the indicative testing and target go-live timelines, as well as a reminder of key contract specifications, subject to final internal approvals, regulatory processes and industry readiness.
Target Go-live Date
ASX is targeting the 24th of August to go-live with both futures contracts.
ASX intends to list the December 2026 and March 2027 contracts for trade date 24th of August 2026, beginning at the start of the evening trading session (5:10pm) on calendar date 21st August 2026.
External Testing
The external ASX24 test environment is expected to be available from 13th of July 2026. A market notice will be published later in June 2026 to provide customer testing guidelines.
Contract Specifications (Subject to Regulatory Clearance)
Futures Contracts |
Composite Index Futures |
Credit Index Futures |
Underlying Index |
Bloomberg AusBond Composite Index (BACM0) |
Bloomberg AusBond Credit Index (BACR0) |
Commodity Code |
CM |
CR |
Trading Platform |
ASX 24 |
|
Target Go-live |
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 |
|
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. |
|
What do I need to do by when?
Participants and vendors are encouraged to note the indicative go-live date and external testing timeline for the ASX-Bloomberg AusBond Index Futures and ensure readiness to support upcoming testing and launch.
Please contact ASX if you have questions regarding these timelines or any further queries about the new futures contracts.
Need more information?
Issued by
Nita Kong, Product Manager, Rates
Contact information
Rates Product
rates@asx.com.au or nita.kong@asx.com.au
or
Investor Support