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.
No action required.
Kristye van de Geer
Senior Manager, Interest Rate Products