Amendment to Expiry Settlement Time for cash settled 90 Day Bank Bill Futures Contract

What's this about:
  • ASX 24 Market
  • Rates
  • Interest Rate Futures
  • Clearing
  • Settlement
  • Trading
  • Market Data
  • Operations
  • Product
  • Rules
  • Bank bill futures expiry time
  • contract specification
Notice reference number: 0890.20.08
Date published: 04/08/20
Effective as of: 04/08/20
Last updated: 04/08/20

Participants are advised that the cash settlement specification for the 90 Day Bank Bill Futures has been amended. The change to the specification adjusts the contract expiry time previously advised as 7.00 / 7.30am on the Last trading Day to 8.29am on the Last Trading Day. As advised in Market Notice 0277.20.04 and 0347.20.04 the first contract that will be cash settled will be the September 2020 expiry month.

The change in the expiry time is due to a technical limitation identified. On the Last Trading Day the spot month contract will open at 8.28am and subsequently close 1 minute later. Participants should note that the spot month contract will be tradeable during the 1 minute open. Please refer to the attached document for the updated contract specification.

What do I need to do by when?

No action required.

Need more information?

Issued by

Kristye van de Geer
Senior Manager, Interest Rate Products

Contact information

Kristye van de Geer
+61 (02)  9227 0130