Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
Participants are advised that, effective 1 June 2024, the expiry position limits applied to the 90-Day Bank Accepted Bills futures will increase from 20,000 contracts to 35,000 contracts. Key objective in changing the Bank Bill Futures expiry position limit is to ensure the efficiency and effectiveness of the spot contract as a hedging tool whilst protecting the integrity of the futures market and BBSW. Open interest and average daily volume have increased in the current economic environment and underlying NCD issuance is sufficient to support liquidity.
Note: The position limits apply at a ‘group’ (i.e. consolidating all affiliated corporate entities) level regardless of the type or style of trading activity undertaken, except where an exemption has been sought for certain business areas.
What do I need to do by when?
Participants should note and communicate to clients that expiry position limits will increase from 20,000 contracts to 35,000 contracts effective 1 June 2024.
Need more information?
Issued by
Jennifer Eason, Product Manager, Rates Products
Contact information
Jennifer Eason