5-Year Government Bond Futures
Interest Rate Futures is a futures contract with an interest-bearing instrument as the underlying asset. Interest rate futures are used to hedge against the risk of interest rates moving in an adverse direction. Moreover, the investor can make profit from both upward and downward interest rate trend and adjust the proportion of investment instantly. Therefore, the investor can manage the investment portfolio effectively.
Read more: Margins
5-Year Government Bond Futures Contract Specification
Heading | Contract Specification |
|---|---|
Underlying Asset | 5-Year Thai Government Bond with 5% coupon (semi-annual) represented by the Basket of Eligible Bonds |
Ticker Symbol | TGB5 |
Contract Size | THB 1,000,000 |
Contract Months | 2 nearest quarter months on March June September December cycle |
Price Quotation | Price quoted by percent of par value with 2 decimal points. |
Minimum Price Fluctuations | 0.01 (or THB100 per contract) |
Price Limit | Initial price limit is ± 2.50% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ± 5% of the latest settlement price. |
Trading Hours | Pre-open: 09:15 - 09:45 hrs. |
Speculative Position Limit | Net 10,000 contracts of 5Y Gov Bond Futures on one side of the market in any contract month or all contract months combined. |
Last Trading Day | The third Wednesday of the contract month and the trading of series going to expire will be ceased after 16:00 hrs. on the last trading day |
Final Settlement Price |
|
Settlement Method | Cash Settlement |
Commission Rates for 5-Year Government Bond Futures
Time Period | Commission rate (Baht/Contract)/per day /per account | |
|---|---|---|
Via Marketing Officer | Via Internet | |
1/11/2012 onward | 60.00 | 55.00 |
** This price does not include 7% VAT.
