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CONTRACT SPECIFICATION OF 5-YEAR GOVERNMENT BOND FUTURES

No.

Provision

Description

1

Contract name

  5-year Government Bond Futures

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, periodic interest payment at the end of every 12-month period, one-time principal payment at maturity date

4

Contract size

 VND 1 billion

5

Multiplier

 10,000

6

Expiry month

 Three last months of three nearest quarters

7

Trading method

 Order matching and Negotiation

8

Trading time

 Open 15 minutes prior to the underlying market

 Close at the same time  as the underlying market

9

Trading collar

 +/- 3%

10

Tick size

 VND 01

11

Trading unit

 01 contract

12

Final trading day

 The fifteenth day of the expiry month. In case it is a holiday, it will be  the previous trading day.

13

Final settlement day

 Thethirdworking day after the final trading day

14

Settlement method

 Physical settlement

15

Daily settlement price

 Regulated by VSD

16

Final settlement price

 Daily settlement price of final trading day

17

Reference price

 Daily settlement price  of the previous trading day or theoretical price (on the first trading day)

18

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).

19

Margin requirement

 Regulated by VSD

20

Order limit

 500 contracts per order

21

Position limit

 Regulated by VSD

22

Listing date

 On launch date of the contract

 

 

CONTRACT SPECIFICATION OF 10-YEAR GOVERNMENT BOND FUTURES

No.

Provision

Description

1

Contract name

 10-year Government Bond Futures

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, periodic interest payment at the end of every 12-month period, one time principal payment at maturity date

4

Contract size

 VND 1 billion

5

Multiplier

 10,000

6

Expiry month

 Three last months of three nearest quarters

7

Trading method

 Order matching and Negotiation

8

Trading time

 Open 15 minutes prior to the underlying market

 Close at the same time  as the underlying market

9

Trading collar

 +/- 3%

10

Tick size

 VND 01

11

Trading unit

 01 contract

12

Final trading day

 The 25th day of the expiry month. In case it is a holiday, it will be  the previous trading day.

13

Final settlement day

 The third working day after the final trading day

14

Settlement method

 Physical settlement

15

Daily settlement price

 Regulated by VSD

16

Final settlement price

 Daily settlement price of final trading day

17

Reference price

 Daily settlement price  of the previous trading day or theoretical price (on the first trading day)

18

Criteria of deliverable bonds

 Government Bonds issued by Vietnam State Treasury, periodic interest payment at the end of every 12-month period, one time principal payment at maturity date, with 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).

19

Margin requirement

 Regulated by VSD

20

Order limit

 500 contracts per order

21

Position limit

 Regulated by VSD

22

Listing date

 On launch date of the contract