TAIFEX 30-Day Commercial Paper Interest Rate Futures
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.
|30-Day Commercial Paper Interest Rate futures|
|Exchange||Taiwan Futures Exchange|
|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.|
|Price Limits||N/A||+/-0.5 of previous day's settlement price.|
- Highlights of Annual Trading Volume. Taiwan Futures Exchange.