TAIFEX 30-Day Commercial Paper Interest Rate Futures

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TAIFEX 30-Day Commercial Paper Interest Rate futures trade on the Taiwan Futures Exchange (TAIFEX).

In 2007, TAIFEX 30-Day Commercial Paper Interest Rate futures traded 36,243 contracts, more than 900 times the volume in 2006, only 40 contracts[1].


30-Day Commercial Paper Interest Rate futures
Exchange Taiwan Futures Exchange
Settlement Cash settled
Contract Size 30-day financing commercial paper having a face value of NT$100 M.
Pricing Unit 1 point (100 minus interest rate in percentage) = NT$82,192
Tick Value 0.005 point = NT$411
Contract Months Spot month and the next eleven calendar months.
Last Trading Day The third Wednesday of the delivery month.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 08:45AM-12:00 noon on banking days.
Ticker Symbol N/A CPF
Price Limits N/A +/-0.5 of previous day's settlement price.

Notes[edit]

Resources[edit]

Taiwan Futures Exchange Products

References[edit]

  1. Highlights of Annual Trading Volume. Taiwan Futures Exchange.