1. The form of 5 years Government bond futures Contract transactions
|
No. |
Conditions |
Description |
|
1 |
Contract name |
5 years government bond futures contracts |
|
2 |
Contract code |
According to regulations on trading code of HNX |
|
3 |
Underlying asset |
5-year Government Bond, par value: VND 100,000, coupon: 5%/year, interest payment at the end of every 12-month, principal payment onetimes at maturity date |
|
4 |
Contract size |
VND 1 billion |
|
5 |
Multiplier |
10.000 |
|
6 |
Initial Margin Ratio (IM) |
In accordance with PHS policy and in accordance with VSD regulations |
|
7 |
Discount Margin (DM) |
In accordance with PHS policy and in accordance with VSD regulations |
|
8 |
Reference price |
Daily settlement price of the previous trading day or theoretical price (in the first trading day) |
|
9 |
Trading collar |
+/- 3% compared with the reference price |
|
10 |
Trading unit |
01 contract |
|
11 |
Tick size/ Quotation Unit |
VND 01 |
|
12 |
Order limit |
Maximum 500 contracts/order |
|
13 |
Final trading day |
The fifteenth day of the expiry month. In case it is a holiday, it will be the previous trading day. |
|
14 |
Final settlement day |
The 3rd trading day from the final trading day |
|
15 |
Settlement price at final trading day |
Settlement price at end of day of the contract is determined at the final trading day |
|
16 |
Settlement method |
Physical settlement |
|
17 |
Criteria of deliverable bonds |
Government Bonds issued by Vietnam State Treasury, with remaining maturity from three to seven years on final settlement day, a minimum of VND 2,000 billion listing value. Conversion factor is calculated on the basis of coupon 5% per year* *Vietnam State Treasury |
|
18 |
Daily settlement price method |
Regulated by VSD |
|
19 |
Final settlement price method |
Daily settlement price of final trading day |
|
20 |
Maturity month |
Last 3 months of 3 quarters nearest. For example: the current month is April. The due months are June, September, and December |
2. The form of 10 years Government bond futures Contract transactions
|
No. |
Conditions |
Description |
|
1 |
Contract name |
10 years government bond futures contracts |
|
2 |
Contract code |
According to regulations on trading code of HNX |
|
3 |
Underlying asset |
10-year Government Bond, par value: VND 100,000, coupon: 5%/year, interest payment at the end of every 12-month, principal payment onetimes at maturity date |
|
4 |
Contract size |
VND 1 billion |
|
5 |
Multiplier |
10.000 |
|
6 |
Initial Margin Ratio (IM) |
In accordance with PHS policy and in accordance with VSD regulations |
|
7 |
Discount Margin (DM) |
In accordance with PHS policy and in accordance with VSD regulations |
|
8 |
Reference price |
Daily settlement price of the previous trading day or theoretical price (in the first trading day) |
|
9 |
Trading collar |
+/- 3% compared with the reference price |
|
10 |
Trading unit |
01 contract |
|
11 |
Tick size/ Quotation Unit |
VND 01 |
|
12 |
Order limit |
Maximum 500 contracts/order |
|
13 |
Final trading day |
The twenty-fifth day of the expiry month. In case it is a holiday, it will be the previous trading day. |
|
14 |
Final settlement day |
The 3rd trading day from the final trading day |
|
15 |
Settlement price at final trading day |
Settlement price at end of day of the contract is determined at the final trading day |
|
16 |
Settlement method |
Physical settlement |
|
17 |
Criteria of deliverable bonds |
Government Bonds issued by Vietnam State Treasury interest payment at the end of every 12-month, have equal interest payments, one-time principal payment at maturity, remaining maturity from eight to eleven years on final settlement day, a minimum of VND 2,000 billion listing value. Conversion factor is calculated on the basis of coupon 5% per year* *Vietnam State Treasury |
|
18 |
Daily settlement price method |
Regulated by VSD |
|
19 |
Final settlement price method |
Daily settlement price of final trading day |
|
20 |
Maturity month |
Last 3 months of 3 quarters nearest. For example: the current month is April. The due months are June, September, and December |
