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.
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.
Monique Bell, Manager, Short Term Interest Rate Products