2-year CGB Futures

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2-year CGB Futures (TS)

发布日期：2022/1/17 16:24:12 点击次数：4625

The yield of 2-year CGB is a key node on the medium-short end of the CGB yield curve. A comprehensive CGB futures product suite is conducive to meeting diverse hedging demands and refining the yield curve. The launch of 2-year CGB futures facilitates the coordinated development of 5-year and 10-year CGB futures, thus better serving the CGB cash market.

Underlying Bond	Nominal medium-short-term CGBs with face value of RMB 2 million and nominal coupon rate of 3%
Deliverable CGBs	Book-entry, fixed-coupon CGBs with an original term to maturity of no more than 5 years and a residual maturity of 1.5-2.25 years upon the first day of the Contract's expiry month
Price Quotation	RMB 100 net price
Tick Size	RMB 0.005
Contract Months	Three nearest quarterly months of the March, June, September and December cycle
Trading Hours	09:30 a.m. - 11:30 a.m., 01:00 p.m. - 03:15 p.m.
Trading Hours on the Last Trading Day	09:30 a.m. - 11:30 a.m.
Limit Up/Limit Down	±0.5% of the settlement price on the preceding trading day
Minimum Trading Margin	0.5% of the contract value
Last Trading Day	Second Friday of the Contract's expiry month
Last Delivery Day	Third trading day after the last trading day
Delivery Method	Physical delivery
Product Code	TS
Exchange	China Financial Futures Exchange