Change to 90 Day Bank Accepted Bill Futures delivery criteria

What's this about:
  • ASX 24 Market
  • Trading
  • Clearing
  • Settlement
  • Product
  • Operations
  • Rules
  • Rates
  • Interest Rate Futures
  • OTC Cleared
  • 90 Day Bank Accepted Bill Futures
  • IR Futures
  • Delivery
  • settlement
  • rule change
Notice reference number: 1240.17.11
Date published: 03/11/17
Effective as of: 07/12/17
Last updated: 03/11/17

Market participants are advised that for the December expiry, the deliverable criteria for settling 90 Day Bank Bill (IR) Futures will change. In line with the removal of the early/late maturity pooling convention as it applies to the trading of Bank Paper in the over the counter market (effective 4th December 2017), the requirement to deliver early paper only will be removed. All other delivery settlement criteria will remain unchanged.

Therefore, effective 7th December 2017, ASX 24 Operating Schedule 1- 2.22.1 90 Day Bank Accepted Bill Futures contract item 2(e) will be deleted.


What do I need to do by when?

Market participants should be aware that for the December expiry, the settlement delivery criteria will be 85-95 day paper issued by the list of approved banks. ASX recently issued a market notice announcing the list of Approved banks and date range for the December expiry. 

Need more information?

Issued by

Monique Bell, Manager, Short Term Interest Rate Products

Contact information

Monique Bell

+61 (02)  9227 0208