The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Contract Specifications
1
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Contract Specifications.....................................................................................................................1
SFE SPI 200™1 Index Futures ..........................................................................................................................5
Options on SFE SPI 200™1 Index Futures ......................................................................................................6
Serial Options on SFE SPI 200™1 Index Futures ...........................................................................................7
Australian Dollar Futures ................................................................................................................................8
30 Day Interbank Cash Rate Futures .............................................................................................................9
90 Day Bank Accepted Bills Futures .............................................................................................................10
Options on 90 Day Bank Accepted Bills Futures .........................................................................................11
Serial Options on 90 Day Bank Accepted Bills Futures ..............................................................................12
3 Year Commonwealth Treasury Bond Futures..........................................................................................13
Options on 3 Year Commonwealth Treasury Bond Futures ......................................................................14
3 Year Interest Rate Swap Futures ...............................................................................................................15
Intra-Day Options on 3 Year Commonwealth Treasury Bond Futures ....................................................16
Overnight Options on 3 Year Commonwealth Treasury Bond Futures....................................................17
Serial Options on 3 Year Commonwealth Treasury Bond Futures ...........................................................18
10 Year Commonwealth Treasury Bond Futures........................................................................................19
Options on 10 Year Commonwealth Treasury Bond Futures ....................................................................20
10 Year Interest Rate Swap Futures .............................................................................................................21
Intra-Day Options on 10 Year Commonwealth Treasury Bond Futures ..................................................22
Overnight Options on 10 Year Commonwealth Treasury Bond Futures..................................................23
Serial Options on 10 Year Commonwealth Treasury Bond Futures .........................................................24
Fine Wool Futures (19 Micron) .....................................................................................................................25
Broad Wool Futures (23 Micron) ..................................................................................................................26
Greasy Wool Futures (21 Micron).................................................................................................................27
Options on Greasy Wool Futures (21 Micron) .............................................................................................28
MLA/SFE Cattle Futures ...............................................................................................................................29
d-cypha SFE Base Load, Peak Period and Strip Electricity .......................................................................30
Alumina Individual Share Futures................................................................................................................31
Amcor Individual Share Futures...................................................................................................................32
Ansell Individual Share Futures....................................................................................................................33
AMP Individual Share Futures (AM) ...........................................................................................................34
AMP Individual Share Futures (PM)............................................................................................................35
ANZ Bank Individual Share Futures (AN)...................................................................................................36
ANZ Bank Individual Share Futures (AZ)...................................................................................................37
AXA Asia Pacific Holdings Individual Share Futures ................................................................................38
2
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
BlueScope Steel Individual Share Futures...................................................................................................39
Boral Individual Share Futures....................................................................................................................40
Brambles Industries Individual Share Futures............................................................................................41
BHP Billiton Individual Share Futures.........................................................................................................42
Coca-Cola Amatil Individual Share Futures...............................................................................................43
Coles Myer Individual Share Futures...........................................................................................................44
Commonwealth Bank Individual Share Futures (cash settled) ..................................................................45
Commonwealth Bank Individual Share Futures .........................................................................................46
Fosters Group Individual Share Futures......................................................................................................47
Insurance Australia Group Individual Share Futures ...............................................................................48
John Fairfax Holdings Individual Share Futures ........................................................................................49
Lend Lease Corp Individual Share Futures ................................................................................................50
Lihir Gold Individual Share Futures ...........................................................................................................51
Mayne Group Individual Share Futures .....................................................................................................52
National Australia Bank Individual Share Futures.....................................................................................53
Newcrest Mining Individual Share Futures ................................................................................................54
News Corporation Individual Share Futures ...............................................................................................55
Publishing & Broadcasting Individual Share Futures ...............................................................................56
Qantas Airways Individual Share Futures ...................................................................................................57
QBE Insurance Individual Share Futures ...................................................................................................58
Rinker Group Individual Share Futures .....................................................................................................59
Rio Tinto Individual Share Futures ..............................................................................................................60
Southcorp Individual Share Futures............................................................................................................61
St George Bank Individual Share Futures ...................................................................................................62
Suncorp-Metway Individual Share Futures ................................................................................................63
Tabcorp Holdings Individual Share Futures...............................................................................................64
Telstra Corporation Individual Share Futures (cash settled).....................................................................65
Telstra Corporation Individual Share Futures ............................................................................................66
Wesfarmers Individual Share Futures..........................................................................................................67
Westpac Banking Corporation Individual Share Futures ..........................................................................68
WMC Resources Individual Share Futures..................................................................................................69
Westfield Holdings Individual Share Futures ..............................................................................................70
Woodside Petroleum Individual Share Futures...........................................................................................71
Woolworths Individual Share Futures..........................................................................................................72
SFE NZ 90 Day Bank Bill Futures ................................................................................................................73
SFE NZ Options on 90 Day Bank Bill Futures.............................................................................................75
SFE NZ 3 Year Government Stock Futures.................................................................................................76
3
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ Options on 3 Year Government Stock Futures .............................................................................78
SFE NZ 10 Year Government Stock Futures...............................................................................................79
SFE NZ Options on 10 Year Government Stock Futures ...........................................................................81
4
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE SPI 200™1 Index Futures
Contract Unit:
Valued at A$25 per index point (e.g. A$85,000 at 3,400 index points).
Contract Months:
March/June/September/December up to six quarter months ahead.
Commodity Code:
AP
Listing Date:
02/05/2000
Minimum Price Movement:
One index point (A$25)
Last Trading Day:
All trading in expiring contracts ceases at 12.00pm on the Third Thursday of the
settlement month. Non-expiring contracts will continue to trade as per the
3
stated trading hours.
Cash Settlement Price:
The Special Opening Quotation of the underlying S&P/ASX 200 Index on the
Last Trading Day. The Special Opening Quotation is calculated using the first
2
traded price of each component stock in the S&P/ASX 200 Index on the Last
Trading Day, irrespective of when those stocks first trade in the ASX trading
day. This means that the first traded price of each component stock may occur
at any time between ASX market open and ASX market close (including the
Closing Single Price Auction) on the Last Trading Day.
2
Should any component stock not have traded by ASX market close on the Last
Trading Day, the last traded price of that stock will be used to calculate the
Special Opening Quotation.
Trading Hours:
3
5.10pm – 7.00am and 9.50am – 4.30pm (during US daylight saving time)
4
3
5.10pm – 8.00am and 9.50am – 4.30pm (during US non daylight saving time)
Settlement Day:
4
The first business day after expiry, SFE Clearing publishes the final settlement
price of the contract. On the second business day after expiry, SFE Clearing
settles cash flows as a result of the settlement price.
Last Modified: 11/04/02
1
SPI 200TM is a trademark of the Sydney Futures Exchange.
2
"S&P/ASX 200" is a trademark of Standard & Poor’s. The trademark is used under licence by the Sydney Futures
Exchange.
3
Unless otherwise indicated, all times are Sydney times.
4
US daylight saving begins first Sunday in April and ends last Sunday in October.
5
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Options on SFE SPI 200™1 Index Futures
Contract Unit:
Valued at A$25 per index point (e.g. A$85,000 at 3,400 index points).
1
SFE SPI 200™ index options expire in the same calendar month as the
1
underlying SFE SPI 200™ index futures contract.
1
Contract Months:
Put and Call options available on existing SFE SPI 200™ index futures
contracts.
Commodity Code:
AP
Listing Date:
02/05/2000
Minimum Price Movement:
0.5 index points (A$12.50)
Exercise Prices:
Set at intervals of 25 index points. New option exercise prices created
automatically as the underlying futures contract price fluctuates.
Last Trading Day:
The last day of trading of the underlying futures contract.
All trading in expiring contracts ceases at 12.00pm on the Last Trading Day.
2
Non-expiring contracts will continue to trade as per the stated trading hours.
Cash Settlement Price:
The Cash Settlement Price of the underlying futures contract.
Trading Hours:
5.10pm – 7.00am and 9.50am – 4.30pm (during US daylight saving time)
2
2
3
5.10pm – 8.00am and 9.50am – 4.30pm (during US non daylight saving time)
Settlement Day:
3
Options may be exercised on any business day up to and including the Last
Trading Day. Only ‘in-the-money’ options are automatically exercised at expiry,
unless abandoned. Upon exercise, the holder will receive an underlying SFE
1
SPI 200™ index futures contract position at the option strike price.
Last Modified: 01/07/02
1
SPI 200TM is a trademark of the Sydney Futures Exchange
2
Unless otherwise indicated, all times are Sydney times.
3
US daylight saving begins first Sunday in April and ends last Sunday in October.
6
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Serial Options on SFE SPI 200™1 Index Futures
Contract Unit:
Valued at A$25 per index point (e.g. A$85,000 at 3,400 index points).
1
SFE SPI 200™ index serial options are those options that do not expire in the
1
same calendar month as the underlying SFE SPI 200™ index futures contract.
Contract Months:
Serial Options are listed in non-financial quarter months with two serial option
months listed at all times. Put and call options are available based on the SFE
1
SPI 200™ index futures contract that expires in the financial quarter month
immediately following the respective serial month.
Commodity Code:
AP
Listing Date:
02/05/2000
Minimum Price Movement:
0.5 index points (A$12.50)
Exercise Prices:
Set at intervals of 25 index points. New option exercise prices created
automatically as the underlying futures contract price fluctuates.
Last Trading Day:
SFE SPI 200™ serial options cease trading at 12.30pm on the last business
2
day of the serial option month.
Cash Settlement Price
The Cash Settlement Price is taken from the underlying futures contract at
2
12.30pm.
Trading Hours:
5.10pm – 7.00am and 9.50am – 4.30pm (during US daylight saving time)
1
2
3
2
5.10pm – 8.00am and 9.50am – 4.30pm (during US non daylight saving time)
Settlement Day:
3
Options may be exercised on any business day up to and including the day of
expiry. Only ‘in-the-money’ options are automatically exercised at expiry,
unless abandoned. Upon exercise, the holder will receive an underlying SFE
1
SPI 200™ index futures contract position at the option strike price.
Last Modified: 01/07/02
1
SPI 200TM is a trademark of the Sydney Futures Exchange
2
Unless otherwise indicated, all times are Sydney times.
3
US daylight saving begins first Sunday in April and ends last Sunday in October.
7
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Australian Dollar Futures
Contract Unit:
One hundred thousand Australian dollars (AUD 100,000)
Contract Months:
March/June/September/December
Commodity Code:
AF
Listing Date:
06/02/2001
Minimum Price Movement:
Prices are quoted in terms of US dollars per Australian dollar with the minimum
tick fluctuation of USD 0.0001 (one point) = USD 10.00
Last Trading Day:
One business day prior to the third Wednesday of the delivery month. On this
day, trading terminates at 11.00am or such other time as determined by the
1
Board of SFE.
Settlement Price:
The arithmetic mean of price quotations taken between 3 selected periods,
10.00am to 10.05am, 10.15am to 10.20am and 10.30am to 10.35am on the last
day of trading from at least five Australian Dollar foreign exchange dealers,
1
which will be used to determine ISPs and ESP.
Settlement Day:
Delivery will be made on the 3rd Wednesday of the contract month.
Trading Hours:
during US daylight saving time
2
Mon:
6.00am – 2.30pm and 3.00pm – 2.30pm
Tues to Fri:
3.00pm – 2.30pm
Fri to Sat:
3.00pm – 7.00am
2
during US non daylight saving time
Settlement Method:
Mon:
6.00am – 2.30pm and 3.00pm – 2.30pm
Tues to Fri:
3.00pm – 2.30pm
Fri to Sat:
3.00pm – 7.30am
Holders of bought positions shall on the settlement day receive Australian
Dollars and give United States Dollars. Holders of sold positions shall on the
settlement day give Australian Dollars and receive United States Dollars.
Last Modified: 4/12/03
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
8
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
30 Day Interbank Cash Rate Futures
Contract Unit:
Average monthly Interbank Overnight Cash Rate payable on a notional sum of
AUD 3,000,000
Contract Months:
Monthly up to 12 months ahead
Commodity Code:
IB
Listing Date:
11/08/2003
Minimum Price Movement:
Quoted in yield percent per annum in multiples of 0.005%, for quotation
purposes yield is deducted from 100. A one basis point move of 0.01% is equal
to $24.66
Last Trading Day:
Trading shall cease at 12.00pm on the last business day of the expiry month
Settlement Day:
The second business day after the Last Trading Day
Trading Hours:
5.10pm – 7.30am and 8.30am – 4.30pm (US non daylight saving time )
1
1
2
2
5.10pm – 7.00am and 8.30am – 4.30pm (US daylight saving time )
Settlement Price:
The Cash Settlement Price is equal to 100 minus the cash settlement rate,
where the cash settlement rate is the monthly average of the Interbank
Overnight Cash Rate for that contract month calculated by taking the sum of the
daily Interbank Overnight Cash Rate, as published by the Reserve Bank of
Australia, divided by the number of days for that month. On weekends and
public holidays, when no Interbank Overnight Cash Rate is published the Cash
Rate published on the previous business day will be used for settlement price
calculation. The Cash Settlement price shall be announced to the market by
12.00pm on the first business day following the Last Trading Day. All bought
and sold contracts in existence as at the close of trading in the contract month
1
shall be settled by SFE Clearing at the cash settlement price .
Last Modified: 24/07/03
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
9
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
90 Day Bank Accepted Bills Futures
Contract Unit:
A$1,000,000 face value 90-Day Bank Accepted Bills of exchange or EBAs.1
Contract Months:
March/June/September/December up to twenty quarter months or five years
ahead.
Commodity Code:
IR
Listing Date:
17/10/1979
Minimum Price Movement:
One hundred minus annual percentage yield quoted to two decimal places.
(The minimum fluctuation of 0.01% equals approximately $24 per contract,
varying with the level of interest rates).
Last Trading Day:
12.00 noon on the business day immediately prior to settlement day.
Settlement Day:
The second Friday of the delivery month.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
2
2
3
2
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement Method:
3
Ten bank accepted bills or EBAs or ten bank negotiable certificates of deposit
(NCDs) or ECDs each of face value A$100,000, or two bank accepted bills or
EBAs or bank negotiable certificates of deposit or ECDs each of face value
A$500,000 or one bank accepted bill or EBA or bank negotiable certificate of
deposit or ECD of face value A$1,000,000 maturing 85-95 days from settlement
day.
Last Modified: 11/04/02
1
EBAs and ECDs are electronically recorded debt obligations as defined within the definition of “Dematerialised
Security” in the Operating Manual of Austraclear Limited.
Buyers and Sellers should note the following in relation to the two types of bills:
(i) an EBA is not the legal equivalent of a bill of exchange under the Bills of Exchange Act and
accordingly delivery of an EBA may not be the same as delivery of a bank accepted bill of exchange
under the Bills of Exchange Act.
(ii) the Bills of Exchange Act is a Commonwealth Act which grants and guarantees rights of title,
enforcement and negotiability to instruments which qualify as bills of exchange under the Act.
(iii) an EBA is not a bill of exchange unless and until it is uplifted from the Austraclear Limited system in
accordance with the Regulations and Operating Manual of Austraclear Limited AND the uplifted EBA satisfies the
requirements of a bill of exchange under the Bills of Exchange Act.
It is expected that in most cases the subject of delivery under the contract will be an EBA, however where a Seller
intends to deliver an EBA and a Buyer requires the delivery of a bill of exchange in accordance with the Bills of
Exchange Act, the Seller shall be required to uplift the EBA and re-lodge a bill of exchange in accordance with the
Bills of Exchange Act as required by the Market By-Laws.
2
Unless otherwise indicated, all times are Sydney times.
3
US daylight saving begins first Sunday in April and ends last Sunday in October.
10
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Options on 90 Day Bank Accepted Bills Futures
Contract Unit:
One A$1,000,000 face value 90-Day Bank Accepted Bills futures contract for a
specified contract month on the Sydney Futures Exchange.
Contract Months:
Put and Call options available on futures contracts up to eight quarter months
ahead.
Commodity Code:
IR
Listing Date:
10/05/1985
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.25 per cent per annum yield. New option exercise prices
created automatically as the underlying futures contract price moves.
Contract Expiry:
At 12.30pm on the Friday one week prior to the settlement day for the
1
underlying futures contract.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
2
1
5.10pm – 7.30am and 8.30am – 4:30pm (during US non daylight saving time)
Settlement Method:
2
Options may be exercised on any business day up to and including the day of
expiry. In-the-money options are automatically exercised at expiry unless
abandoned.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
11
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Serial Options on 90 Day Bank Accepted Bills Futures
Contract Unit:
One A$1,000,000 face value 90-Day Bank Accepted Bills futures contract for a
specified contract month on the Sydney Futures Exchange.
Contract Months:
Serial Options are listed in non-financial quarter months with two serial option
months listed at all times. Put and call options are available based on a futures
contract which expires in the financial quarter month immediately following the
respective serial month.
Commodity Code:
IR
Listing Date:
4/08/2003
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.25 per cent per annum yield. New option exercise prices
created automatically as the underlying futures contract price moves.
Contract Expiry:
At 12.30pm on the first Friday of the Serial Option month.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (US daylight saving time)
1
1
2
5.10pm – 7.30am and 8.30am – 4.30pm (US non daylight saving time)
Settlement Method:
2
Options may be exercised on any business day up to and including the day of
expiry. In-the-money options are automatically exercised at expiry unless
abandoned. Upon exercise, the holder will receive a futures position at the
option strike price. Buyers may exercise or abandon positions held by lodging
a notice of manual exercise or abandonment with SFE Clearing prior to contract
expiry. Settlement price is taken from the underlying futures market at
12.30pm. Obtained by taking the midpoint between the futures bid and ask
quotations rounded up.
Last Modified: 24/06/03
1
2
Unless otherwise indicated, all times are Sydney times.
US daylight saving begins first Sunday in April and ends last Sunday in October.
12
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
3 Year Commonwealth Treasury Bond Futures
Contract Unit:
Commonwealth Government Treasury Bonds with a face value of A$100,000,
a coupon rate of 6% per annum and a term to maturity of three years, no tax
rebate allowed.
Contract Months:
March/June/September/December up to two quarter months ahead.
Commodity Code:
YT
Listing Date:
16/03/2001
Minimum Price Movement:
Prices are quoted in yield per cent per annum in multiples of 0.01 per cent. For
quotation purposes the yield is deducted from an index of 100. The minimum
fluctuation of 0.01 per cent equals approximately $28 per contract, varying with
the level of interest rates.
Last Trading Day:
The fifteenth day of the contract month (or the next succeeding business day
1
where the fifteenth day is not a business day). Trading ceases at 12.00 noon.
Settlement Day:
The business day following the last permitted day of trading.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
1
2
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement Method:
2
The arithmetic mean, taken at 9.45 am, 10.30 am and 11.15 am on the last day
of trading by 10 dealers, randomly selected for each time, at which they would
buy and sell a series of bonds previously declared by SFE for that contract
month, excluding the two highest and two lowest buying quotations and the two
highest and two lowest selling quotations for each bond. All bought and sold
contracts in existence as at the close of trading in the contract month shall be
1
settled by the Clearing House at the cash settlement price.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
13
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Options on 3 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 3 Year Treasury Bond Futures
contract for a specified contract month on the Sydney Futures Exchange.
Contract Months:
Put and call options available on futures contracts up to two quarter months
ahead.
Commodity Code:
YT
Listing Date:
16/03/2001
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.10 per cent per annum yield. New option exercise prices
created automatically as the underlying futures contract price moves.
Contract Expiry:
At 12.00 noon on the last day of trading in the underlying futures contract.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
1
2
1
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement Method:
2
Options may be exercised on any business day up to and including the day of
expiry. In-the-money options are automatically exercised at expiry unless
abandoned.
Last Modified: 16/12/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
14
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
3 Year Interest Rate Swap Futures
Contract Unit:
AUD100,000 swap based on a 6.5% coupon and a term to maturity of three
years.
Contract Months:
March/ June/September/December up to two quarter months ahead
Commodity Code:
YS
Minimum Price Move:
Prices are quoted in yield per cent per annum in multiples of 0.01%. For
quotation purposes the yield is deducted from an index of 100. The minimum
fluctuation of 0.01% equals approximately $28 per contract, varying with the
level of interest rates.
Last Day of Trading:
The Business Day preceding the second Friday of an expiry month.
1
Trading ceases at 12:00 noon .
Trading Hours:
5.10pm - 7.00am and 8.30am - 4.30pm (during US daylight saving time)
1
1
2
5.10pm - 7.30am and 8.30am - 4.30pm (during US non daylight saving time)
2
Settlement Day:
The business day following the last permitted day of trading.
Settlement Method:
The arithmetic mean of quotes, taken at 9.45 am, 10.30 am and 11.15 am on
the last day of trading, provided by eight dealers randomly selected for each
time, at which they would receive and pay a swap that exchanges quarterly
fixed rate payments against quarterly floating rate payments for a term of 3
years for that contract month. The highest and lowest receiving quotations and
the highest and lowest paying quotations for each swap contract are excluded.
Quotes are to be provided as an outright swap yield. All bought and sold
contracts in existence as at the close of trading in the contract month shall be
1
settled by the SFE Clearing Corporation at the cash settlement price.
Last Modified: 04/06/03
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
15
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Intra-Day Options on 3 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 3 Year Treasury Bond Futures
contract for a specified contract month on the Sydney Futures Exchange
Limited.
Contract Months:
Put and call options available on futures contracts for the nearest quarter month
ahead.
Commodity Code:
YD
Minimum Price Move:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.01 per cent per annum yield. Nine option exercise prices
are available for trading with additional strike prices listed at the discretion of
the Trading Manager or the Chief Executive of SFE.
Contract Expiry:
At 4.10pm in the SYCOM® session in which the contract was listed for
1
trading.
Last Day of Trading:
The business day prior to the last day of trading in the underlying futures
contract. On the last day of trading of the underlying futures contract put and call
options will be listed on the next quarter month.
Trading Hours:
8.30am – 4.10pm
Settlement Method:
All options, which are in-the-money, are automatically exercised. Exercise of
an option results in the holder receiving a futures position at the options strike
price. The settlement price is the weighted average of trade prices executed in
the underlying futures contract between 4.15pm and 4.25pm. Calculation of
the settlement price is to three decimal places and rounded to two decimal
places. When the third decimal place is five or above, the weighted average of
1
trade prices is rounded up to the next highest decimal place.
1
Last Modified: 19/04/02
1
Unless otherwise indicated, all times are Sydney times.
16
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Overnight Options on 3 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 3-Year Treasury Bond futures contract
for a specified contract month on the Sydney Futures Exchange.
Contract Months:
Put and call options available on futures contracts for the nearest quarter
month ahead.
Commodity Code:
YO
Listing Date:
18/06/2001
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent
Exercise Prices:
Set at intervals of 0.01 per cent per annum yield. Nine option exercise prices
are available for trading with additional strike prices listed at the discretion of
the Trading Manager or the Chief Executive of SFE.
Contract Expiry:
At the cessation of each SYCOM® session.
Trading Hours:
5.10pm – 7.00am (during US daylight saving time)
1
1
2
5.10pm – 7.30am (during US non daylight saving time)
Settlement Method:
2
All options, which are in-the-money, are automatically exercised on the
business day immediately following the SYCOM® session. Exercise of an
option results in the holder receiving a futures position at the options strike
price. The settlement price is the weighted average of trade prices executed in
the underlying contract between 8.30am and 8.40am on the business day
immediately following the SYCOM® session. Calculation of the settlement
price is to 3 decimal places and rounded to 2 decimal places. When the third
decimal place is five or above, the arithmetic mean is rounded up to the next
1
highest decimal place.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
17
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Serial Options on 3 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 3 Year Treasury Bond Futures
contract for a specified contract month on the Sydney Futures Exchange.
Contract Months:
Serial Options are listed in non-financial quarter months with two serial option
months listed at all times. Put and call options are available based on a
futures contract which expires in the financial quarter month immediately
following the respective serial month.
Commodity Code:
YT
Listing Date:
18/04/2001
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.10 per cent per annum yield. New option exercise prices
created automatically as the underlying futures contract price moves.
Contract Expiry:
At 12.30pm on the fifteenth day of the Serial Option month or should the
1
fifteenth not be a business day, the next succeeding business day.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
2
1
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement Method:
2
Options may be exercised on any business day up to and including the day of
expiry. In-the-money options are automatically exercised at expiry unless
abandoned. Upon exercise, the holder will receive a futures position at the
option strike price. Buyers of in-the-money or out-of-the-money options may
exercise or abandon positions held by lodging a notice of manual exercise or
abandonment with SFE Clearing by no later than 1.00pm on the final day of
trading. Settlement price is taken from the underlying futures market at
12.30pm. Obtained by taking the midpoint between the futures bid and ask
quotations rounded up.
Last Modified: 16/12/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
18
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
10 Year Commonwealth Treasury Bond Futures
Contract Unit:
Commonwealth Government Treasury Bonds with a face value of A$100,000,
a coupon rate of 6% per annum and a term to maturity of ten years, no tax
rebate allowed
Contract Months:
March/June/September/December up to two quarter months ahead.
Commodity Code:
XT
Listing Date:
16/03/2001
Minimum Price Movement:
Prices are quoted in yield per cent per annum in multiples of 0.005 per cent.
For quotation purposes the yield is deducted from an index of 100. The
minimum fluctuation of 0.005 per cent equals approximately $40 per contract,
varying with the level of interest rates.
Last Trading Day:
The fifteenth day of the contract month (or the next succeeding business day
1
where the fifteenth day is not a business day). Trading ceases at 12.00 noon.
Settlement Day:
The business day following the last permitted day of trading.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
1
2
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement Method:
2
The arithmetic mean, taken at 9.45 am, 10.30 am and 11.15 am on the last day
of trading by 10 dealers, randomly selected for each time, at which they would
buy and sell a series of bonds previously declared by SFE for that contract
month, excluding the two highest and two lowest buying quotations and the two
highest and two lowest selling quotations for each bond. All bought and sold
contracts in existence as at the close of trading in the contract month shall be
1
settled by the Clearing House at the cash settlement price.
Last Modified: 04/06/03
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
19
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Options on 10 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 10 Year Treasury Bond Futures
contract for a specified contract month on the Sydney Futures Exchange.
Contract Months:
Put and call options available on futures contracts up to two quarter months
ahead.
Commodity Code:
XT
Listing Date:
16/03/2001
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.10 per cent per annum yield. New option exercise prices
created automatically as the underlying futures contract price moves.
Contract Expiry:
At 12.00 noon on the last day of trading in the underlying futures contract (the
1
fifteenth day of the month or the next succeeding business day).
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
2
1
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement method:
2
Options may be exercised on any business day up to and including the day of
expiry. In-the-money options are automatically exercised at expiry unless
abandoned.
Last Modified: 16/12/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
20
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
10 Year Interest Rate Swap Futures
Contract Unit:
AUD100,000 swap based on a 6.5% coupon and a term to maturity of ten
years.
Contract Months:
March/ June/September/December up to two quarter months ahead
Commodity Code:
XS
Minimum Price Move:
Prices are quoted in yield per cent per annum in multiples of 0.005%. For
quotation purposes the yield is deducted from an index of 100. The minimum
fluctuation of 0.005% equals approximately $36 per contract, varying with the
level of interest rates.
Last Day of Trading:
The Business Day preceding the second Friday of an expiry month.
1
Trading ceases at 12:00 noon .
Trading Hours:
1
2
5.10pm - 7.00am and 8.30am - 4.30pm (during US daylight saving time)
1
5.10pm - 7.30am and 8.30am - 4.30pm (during US non daylight saving time)
2
Settlement Day:
The business day following the last permitted day of trading.
Settlement Method:
The arithmetic mean of quotes, taken at 9.45 am, 10.30 am and 11.15 am on
the last day of trading, provided by eight dealers randomly selected for each
time, at which they would receive and pay a swap that exchanges semi-annual
fixed rate payments against semi-annual floating rate payments for a term of
10 years for that contract month. The highest and lowest receiving quotations
and the highest and lowest paying quotations for each swap contract are
excluded. Quotes are to be provided as an outright swap yield. All bought and
sold contracts in existence as at the close of trading in the contract month shall
1
be settled by the SFE Clearing Corporation at the cash settlement price.
Last Modified: 23/10/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
21
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Intra-Day Options on 10 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 10 Year Treasury Bond Futures
contract for a specified contract month on the Sydney Futures Exchange
Limited.
Contract Months:
Put and call options available on futures contracts for the nearest quarter month
ahead.
Commodity Code:
XD
Minimum Price Move:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.01 per cent per annum yield. Nine option exercise prices
are available for trading with additional strike prices listed at the discretion of
the Trading Manager or the Chief Executive of SFE.
Contract Expiry:
At 4.10pm in the SYCOM® session in which the contract was listed for
1
trading.
Last Day of Trading:
The business day prior to the last day of trading in the underlying futures
contract On the last day of trading of the underlying futures contract put and call
options will be listed on the next quarter month.
Trading Hours:
8.30am – 4.10pm
Settlement Method:
All options, which are in-the-money, are automatically exercised. Exercise of
an option results in the holder receiving a futures position at the options strike
price. The settlement price is the weighted average of trade prices executed in
the underlying futures contract between 4.15pm and 4.25pm. Calculation of
the settlement price is to four decimal places and rounded to the nearest
multiple of 0.005 per cent. When rounding, if the third and fourth decimal
places are two and five or seven and five respectively, the weighted average of
1
trade prices is rounded up to the next highest multiple of 0.005 per cent.
1
Last Modified: 19/04/02
1
Unless otherwise indicated, all times are Sydney times.
22
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Overnight Options on 10 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 10-Year Treasury Bond futures
contract for a specified contract month on the Sydney Futures Exchange.
Contract Months:
Put and call options available on futures contracts for the nearest quarter
month ahead.
Commodity Code:
XO
Listing Date:
18/06/2001
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent
Exercise Prices:
Set at intervals of 0.01 per cent per annum yield. Nine option exercise prices
are available for trading with additional strike prices listed at the discretion of
the Trading Manager or the Chief Executive of SFE.
Contract Expiry:
At the cessation of each SYCOM® session.
Trading Hours:
5.10pm – 7.00am (during US daylight saving time)
1
1
2
5.10pm – 7.30am (during US non daylight saving time)
Settlement Method:
2
All options, which are in-the-money, are automatically exercised on the
business day immediately following the SYCOM® session. Exercise of an
option results in the holder receiving a futures position at the options strike
price. The settlement price is the weighted average of trade prices executed in
the underlying contract between 8.30am and 8.40am on the business day
immediately following the SYCOM® session. Calculation of the settlement
price is to 4 decimal places. When rounding, if the third and fourth decimal
places are two and five or seven and five respectively, the arithmetic mean is
1
rounded to the next highest multiple of 0.005 per cent.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
23
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Serial Options on 10 Year Commonwealth Treasury Bond Futures
Contract Unit:
One A$100,000 face value, 6% coupon, 10 Year Treasury Bond Futures
contract for a specified contract month on the Sydney Futures Exchange.
Contract Months:
Serial Options are listed in non-financial quarter months with two serial option
months listed at all times. Put and call options are available based on a
futures contract which expires in the financial quarter month immediately
following the respective serial month.
Commodity Code:
XT
Listing Date:
18/04/2001
Minimum Price Movement:
Quoted in yield per cent per annum in multiples of 0.005 per cent.
Exercise Prices:
Set at intervals of 0.10 per cent per annum yield. New option exercise prices
created automatically as the underlying futures contract price moves.
Contract Expiry:
At 12.30pm on the fifteenth day of the Serial Option month or should the
1
fifteenth not be a business day, the next succeeding business day.
Trading Hours:
5.10pm – 7.00am and 8.30am – 4.30pm (during US daylight saving time)
1
2
1
5.10pm – 7.30am and 8.30am – 4.30pm (during US non daylight saving time)
Settlement Method:
2
Options may be exercised on any business day up to and including the day of
expiry. In-the-money options are automatically exercised at expiry unless
abandoned. Upon exercise, the holder will receive a futures position at the
option strike price. Buyers of in-the-money or out-of-the-money options may
exercise or abandon positions held by lodging a notice of manual exercise or
abandonment with SFE Clearing by no later than 1.00pm on the final day of
trading. Settlement price is taken from the underlying futures market at
12.30pm. Obtained by taking the midpoint between the futures bid and ask
quotations rounded up.
Last Modified: 16/12/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
24
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Fine Wool Futures (19 Micron)
Contract Unit:
The equivalent of 2,500 kilograms clean weight of merino combing fleece
(approximately 20 farm bales).
Contract Months:
February/April/June/August/October/December up to 18 months ahead.
Commodity Code:
FW
Listing Date:
19/01/1998
Minimum Price Movement:
Prices are quoted in cents per kilogram clean weight. (The minimum fluctuation
of 1 cent per kilogram is equal to A$25 per contract).
Last Trading Day:
The last business day of trading will be publicised by SFE. Trading ceases at
1
12.00 noon.
Settlement Day:
The cash settlement day of the contract will be the first business day after the
final trading day.
Trading Hours:
5.10pm – 7.00am and 10.30am – 4.00pm (during US daylight saving time)
1
2
1
5.10pm – 7.30am and 10.30am– 4.00pm (during US non daylight saving time)
Settlement Method:
2
The cash settlement price shall be the SFE 19 micron clean indicator price
published by the Australian Wool Exchange (AWEX). The cash settlement
value is the cash settlement price multiplied by 2,500. All bought and sold
contracts in existence as at the close of trading in the contract month, shall be
settled by the Clearing House at the cash settlement value.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
25
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Broad Wool Futures (23 Micron)
Contract Unit:
The equivalent of 2,500 kilograms clean weight of merino combing fleece
(approximately 20 farm bales).
Contract Months:
February/April/June/August/October/December up to 18 months ahead.
Commodity Code:
BW
Listing Date:
19/01/1998
Minimum Price Movement:
Prices are quoted in cents per kilogram clean weight. (The minimum fluctuation
of 1 cent per kilogram is equal to A$25 per contract).
Last Trading Day:
The last business day of trading will be publicised by SFE. Trading ceases at
1
12.00 noon.
Settlement Day:
The cash settlement day of the contract will be the first business day after the
final trading day.
Trading Hours:
5.10pm – 7.00am and 10.30am – 4.00pm (during US daylight saving time)
1
1
2
5.10pm – 7.30am and 10.30am – 4.00pm (during US non daylight saving time)
Settlement Method:
2
The cash settlement price shall be the SFE 23 micron clean indicator price
published by the Australian Wool Exchange (AWEX). The cash settlement value
is the cash settlement price multiplied by 2,500. All bought and sold contracts in
existence as at the close of trading in the contract month, shall be settled by the
Clearing House at the cash settlement value.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
26
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Greasy Wool Futures (21 Micron)
Contract Unit:
The greasy equivalent of 2,500 kilograms clean weight of merino combing
fleece (approximately 20 farm bales).
Contract Months:
February/April/June/August/October/December up to 18 months ahead.
Commodity Code:
GW
Listing Date:
13/03/1995
Minimum Price Movement:
Prices are quoted in cents per kilogram clean weight. (The minimum fluctuation
of 1 cent per kilogram is equal to A$25.00 per contract).
Last Trading Day:
The last day of trading shall be the third Thursday of the contract month.
1
Trading ceases at 12.00 noon.
Trading Hours:
5.10pm – 7.00am and 10.30am – 4.00pm (during US daylight saving time)
1
1
2
5.10pm – 7.30am and 10.30am – 4.00pm (during US non daylight saving time)
Settlement Method:
2
The “delivery period” commences on the Friday prior to the third Thursday of the
delivery month, unless that Friday is not a business day, in which case the
delivery period commences on the business day immediately preceding, and in
any event ends at the close of trade on the final day of trading. Standard
Delivery: Good topmaking merino fleece with average fibre diameter of 21.0
microns, with measured mean staple strength of 35 n/ktx, mean staple length of
90mm, of good colour with less than 1.0% vegetable matter. Deliverable
Tolerances: 2,250 to 2,750 clean weight kilograms of merino fleece wool, of
good topmaking style or better, good colour, with average micron between 19.6
and 22.5 micron, measured staple length between 80mm and 100mm,
measured staple strength greater than 30 n/ktx, less than 2.0% vegetable
matter. Fixed on the Friday prior to the last trading day for all deliverable wools
above and below the standard, quoted in cents per kilogram clean.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
27
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Options on Greasy Wool Futures (21 Micron)
Contract Unit:
One SFE Wool futures contract for a specified contract month on Sydney
Futures Exchange.
Contract Months:
Put and call options available on futures contracts for February, April, June,
August, October and December up to 10 calendar months ahead.
Commodity Code:
GW
Listing Date:
19/02/1996
Minimum Price Movement:
Quoted in cents per kilogram clean weight in multiples of one tenth of a cent.
Exercise Prices:
Intervals of 25 cents per kilogram.
Contract Expiry:
The Friday preceding commencement of the delivery period for the
corresponding futures expiry month (or the prior business day where the Friday
is not a business day).
Trading Hours:
5.10pm – 7.00am and 10.30am – 4.00pm (during US daylight saving time)
1
1
2
5.10pm – 7.30am and 10.30am – 4.00pm (during US non daylight saving time)
Settlement Method:
2
Good topmaking merino fleece with average fibre diameter of 21.0 microns, with
measured mean staple strength of 35 n/ktx, mean staple length of 90mm, of
good colour with less than 1.0% vegetable matter. Options may be exercised on
any business day up to and including the day of expiry. In-the-money options
are automatically exercised at expiry unless abandoned.
Last Modified: 11/04/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
28
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
MLA/SFE Cattle Futures
Contract Unit:
5,000 kilograms dressed weight equivalent of young cattle as represented by
the Eastern Young Cattle Indicator.
Price Quotation:
Prices quoted in Australian dollars per kilogram of dressed weight.
Contract Months:
January, March, May, July, September, November up to 18 months ahead.
Commodity Code:
CT
Listing Date:
Tuesday 13 August 2002
Minimum Price Movement:
The minimum fluctuation of ¼ cent per kilogram is equal to A$12.50 per
contract.
Last Trading Day:
The last day of trading shall be the Business Day following the third Tuesday of
the Contract Month. Trading ceases at 4:00pm.
Trading Hours:
5.10pm – 7.00am and 10.00am – 4.00pm (during US daylight saving time)
1
2
1
5.10pm – 7.30am and 10.00am – 4.00pm (during US non daylight saving time)
2
Cash Settlement Price:
The Cash Settlement Price will be the Eastern Young Cattle Indicator for the
third Tuesday of the Contract Month.
Cash Settlement Day:
Two Business Days following the third Tuesday of the Contract Month.
Cash Settlement Process:
On the first Business Day following the third Tuesday of the Contract Month
Sydney Futures Exchange Ltd shall publish by 2.00pm the Cash Settlement
Price rounded to the nearest ¼ cent per kilogram, as adjusted and provided in
writing by the National Livestock Reporting Service (NLRS). All bought and sold
contracts in existence as at the close of trading in the Contract Month shall be
settled by the SFE Clearing at the Cash Settlement Price on the second
Business Day following the third Tuesday of the Contract Month.
Cash Settlement Value:
The Cash Settlement Value is the Cash Settlement Price multiplied by 5,000.
Transaction Fee:
The Exchange Fee for each contract month will be $12.50 (excl. GST) per
contract side
Last Modified: 13/08/02
1
Unless otherwise indicated, all times are Sydney times.
2
US daylight saving begins first Sunday in April and ends last Sunday in October.
29
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
d-cypha SFE Base Load, Peak Period and Strip Electricity
Please refer to dcyphaTrade website for futures contract specifications.
Please refer to dcyphaTrade website for options contract specifications.
30
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Alumina Individual Share Futures
Contract Unit:
1,000 Alumina Shares
Contract Months:
March/June/September /December, four quarter months ahead.
Commodity Code:
WM
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
31
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Amcor Individual Share Futures
Contract Unit:
1,000 Amcor Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
AR
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
32
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Ansell Individual Share Futures
Contract Unit:
200 Ansell Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
PC
Minimum Price Movement:
1 cent, corresponding to A$2.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 200 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
33
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
AMP Individual Share Futures (AM)
Contract Unit:
1,192 AMP Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
AM
Minimum Price Movement:
1 cent, corresponding to A$11.92 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,192 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 22/12/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
34
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
AMP Individual Share Futures (PM)
Contract Unit:
1,000 AMP Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
PM
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 18/12/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
35
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
ANZ Bank Individual Share Futures (AN)
Contract Unit:
1,042 ANZ Bank Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
AN
Minimum Price Movement:
1 cent, corresponding to A$10.42 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,042 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 30/10/03
1
Unless otherwise indicated, all times are Sydney times.
36
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
ANZ Bank Individual Share Futures (AZ)
Contract Unit:
1,000 ANZ Bank Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
AZ
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 30/10/03
1
Unless otherwise indicated, all times are Sydney times.
37
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
AXA Asia Pacific Holdings Individual Share Futures
Contract Unit:
1,000 AXA Asia Pacific Holdings Shares
Contract Months:
January/April/July/October four quarter months ahead.
Commodity Code:
AX
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
38
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
BlueScope Steel Individual Share Futures
Contract Unit:
1,000 BlueScope Steel Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
BP
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 19/11/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
39
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Boral Individual Share Futures
Contract Unit:
1,000 Boral Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
BO
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
40
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Brambles Industries Individual Share Futures
Contract Unit:
1,000 Brambles Industries Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
BM
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
41
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
BHP Billiton Individual Share Futures
Contract Unit:
1,000 BHP Billiton Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
BL
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
42
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Coca-Cola Amatil Individual Share Futures
Contract Unit:
1,000 Coca-Cola Amatil Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
CC
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
43
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Coles Myer Individual Share Futures
Contract Unit:
1,000 Coles Myer Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
CM
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
44
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Commonwealth Bank Individual Share Futures (cash settled)
Contract Unit:
1,000 Commonwealth Bank Shares
Contract Months:
Monthly up to 4 months ahead.
Commodity Code:
CI
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month. When the
day after the last Thursday of the settlement month is not a business day or not
within the settlement month, the Last Trading Day will be the Thursday of the
1
previous week.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Settlement Method:
SFE’s settlement price is calculated by averaging the mid-points of bid/ask spreads
randomly selected every minute over the 2 hours prior to the close of trading on
ASX, i.e. 2:00pm to 4:00pm. No adjustments for dividends and an identical
adjustment outcome to ASX equity options for all other capital reconstructions
(share splits, bonus & rights issues etc).
1
Last Modified: 11/08/03
1
Unless otherwise indicated, all times are Sydney times.
45
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Commonwealth Bank Individual Share Futures
Contract Unit:
1,000 Commonwealth Bank Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
CB
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
46
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Fosters Group Individual Share Futures
Contract Unit:
1,000 Fosters Group Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
FB
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
47
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Insurance Australia Group Individual Share Futures
Contract Unit:
1,000 Insurance Australia Group Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
IA
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
48
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
John Fairfax Holdings Individual Share Futures
Contract Unit:
1,000 John Fairfax Holdings Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
FX
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
49
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Lend Lease Corp Individual Share Futures
Contract Unit:
1,000 Lend Lease Corp Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
LL
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
50
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Lihir Gold Individual Share Futures
Contract Unit:
1,000 Lihir Gold Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
LH
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
51
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Mayne Group Individual Share Futures
Contract Unit:
1,000 Mayne Group Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
MY
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
52
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
National Australia Bank Individual Share Futures
Contract Unit:
1,000 National Australia Bank Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
NB
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
53
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Newcrest Mining Individual Share Futures
Contract Unit:
1,000 Newcrest Mining Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
NM
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
54
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
News Corporation Individual Share Futures
Contract Unit:
1,000 News Corporation Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
NU
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
55
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Publishing & Broadcasting Individual Share Futures
Contract Unit:
1,000 Publishing & Broadcasting Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
PB
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
56
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Qantas Airways Individual Share Futures
Contract Unit:
1,000 Qantas Airways Shares
Contract Months:
February/May/August/November, four quarter months ahead.
Commodity Code:
QN
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
57
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
QBE Insurance Individual Share Futures
Contract Unit:
1,000 QBE Insurance Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
QB
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
58
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Rinker Group Individual Share Futures
Contract Unit:
1,000 Rinker Group Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
CS
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
59
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Rio Tinto Individual Share Futures
Contract Unit:
1,000 Rio Tinto Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
CA
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
60
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Southcorp Individual Share Futures
Contract Unit:
1,000 Southcorp Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
SR
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
61
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
St George Bank Individual Share Futures
Contract Unit:
1,000 St George Bank Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
SG
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
62
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Suncorp-Metway Individual Share Futures
Contract Unit:
1,000 Suncorp-Metway Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
SU
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
63
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Tabcorp Holdings Individual Share Futures
Contract Unit:
1,000 Tabcorp Holdings Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
TB
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 01/05/03
Notes:
1
Unless otherwise indicated, all times are Sydney times.
64
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Telstra Corporation Individual Share Futures (cash settled)
Contract Unit:
1,000 Telstra Shares
Contract Months:
Monthly up to 12 months ahead.
Commodity Code:
TE
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month. When
the day after the last Thursday of the settlement month is not a business day or
not within the settlement month, the Last Trading Day will be the Thursday of
1
the previous week.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Settlement Method:
SFE’s settlement price is calculated by averaging the mid-points of bid/ask
spreads randomly selected every minute over the 2 hours prior to the close of
trading, i.e. 2:00pm to 4:00pm. No adjustments for dividends however
adjustments will be made for all other capital reconstructions (share splits,
bonus & rights issues etc).
1
Last Modified: 16/05/03
1
Unless otherwise indicated, all times are Sydney times.
65
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Telstra Corporation Individual Share Futures
Contract Unit:
1,000 Telstra Corporation Shares
Contract Months:
March/June/September /December, four quarter months ahead.
Commodity Code:
TA
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
66
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Wesfarmers Individual Share Futures
Contract Unit:
1,000 Wesfarmers Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
WF
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
67
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Westpac Banking Corporation Individual Share Futures
Contract Unit:
1,000 Westpac Banking Corporation Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
BC
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
68
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
WMC Resources Individual Share Futures
Contract Unit:
1,000 WMC Resources Shares
Contract Months:
March/June/September /December, four quarter months ahead.
Commodity Code:
RE
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 11/04/03
1
Unless otherwise indicated, all times are Sydney times.
69
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Westfield Holdings Individual Share Futures
Contract Unit:
1,000 Westfield Holdings Shares
Contract Months:
January/April/July/October, four quarter months ahead.
Commodity Code:
WE
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
70
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Woodside Petroleum Individual Share Futures
Contract Unit:
1,000 Woodside Petroleum Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
WD
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
71
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
Woolworths Individual Share Futures
Contract Unit:
1,000 Woolworths Shares
Contract Months:
March/June/September/December, four quarter months ahead.
Commodity Code:
WW
Minimum Price Movement:
1 cent, corresponding to A$10.00 per contract, i.e. Contract Unit x 1 cent
Last Trading Day:
Trading ceases at 4.00pm on the last Thursday of the settlement month.
Settlement Day:
The business day following the Last Trading Day.
Trading Hours:
9.50am – 4.00pm
Final Settlement:
Physical delivery of 1,000 Shares. Delivery may only occur at the expiry of a
contract.
Adjustment Methodology:
No contract adjustments will be made for scheduled dividends. Adjustments will
occur for all other capital reconstructions that are pro-rata events e.g. (share splits,
bonus & rights issues etc.)
1
1
Last Modified: 08/11/02
Notes:
1
Unless otherwise indicated, all times are Sydney times.
72
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ 90 Day Bank Bill Futures
Reference Code:
BB
Ticker Code:
BB
Underlying Security:
90 day bank accepted bill of exchange complying with the Bills of Exchange Act
1908
OR
A transferable or negotiable security issued by a bank with a term to maturity of
90 days
Unit Size:
face value of $1,000,000
Price Quotes:
yield percent per annum quoted as 100 percent minus price
Minimum Fluctuations:
0.01 percent per annum
Contract Value and
Mandatory Settlement
Value Calculations:
Value = 1,000,000 x 365
365 + [(P x 90)/100)]
The calculation within the brackets will be carried out to 8 decimal places. The
values will be rounded to the nearest cent. 0.5 of l cent will be rounded up.
Contract Value:
in the above formula:
P = price expressed as a yield percent per annum
Mandatory Settlement
Value:
in the above formula:
Final Trading Day:
The first Wednesday after the ninth day of the relevant Settlement Month.
Trading will cease at 12 noon on the Final Trading Day.
Settlement:
cash settlement with the parties making payment to or receiving from the
Clearing House (whichever is applicable) the amount of the difference between
the Contract Value and the Mandatory Settlement Value by no later than 1400
hours on the Mandatory Settlement Day.
Mandatory Settlement
Day:
the business day following the Final Trading Day
Mandatory Settlement
Price:
(i) the 3 month FRA settlement rate as published at approximately 1045 hours
on the Final Trading Day by Reuters New Zealand Limited on page BKBM
of the Reuters Monitor Screen (or its successor page)
P = Mandatory Settlement Price expressed as a yield percent per annum
the FRA settlement rate will be rounded to 2 decimal places and deducted
from 100
where the third decimal place is 5 the average will be rounded to the next
highest second decimal place
(ii) if the Mandatory Settlement Price is not able to be declared in accordance
with the above procedures, Approved Settlement List Procedures will apply
Approved Settlement List
Procedures:
73
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
- time of announcement:
the Mandatory Settlement Price will be announced by the Clearing House by no
later than 1330 hours on the Final Trading Day
- minimum no. of parties:
7
- underlying security for
which buying and selling
yields shall be quoted:
bank accepted bills, or transferable or negotiable securities issued by a bank
with a face value of $1,000,000 and a 90 day term to maturity from the Final
Trading Day
if no market exists for these securities notional yields will be quoted as if such
market did exist having regard to prevailing market quotes for other maturities
and other securities, and such other factors as may be deemed relevant
- format of quotes:
quotes will be expressed to 2 decimal places
- time for obtaining
quotes:
quotes will be obtained between 1100 hours and 1130 hours for quotes as at
1
1030 hours on the Final Trading Day
- calculation procedures:
The Company will randomly select 7 quotes. Quotes with a spread of greater
than 0.1 percent per annum will be discarded. Midrates will be calculated and
the 3 highest and 3 lowest midrates will be discarded. The average of the
remaining midrates will be calculated to 3 decimal places and rounded to 2
decimal places. 0.005 will be rounded up. The average so calculated and
deducted from 100 will be the Mandatory Settlement Price
Last Modified: 26/07/02
1
Unless otherwise indicated, all times are New Zealand times.
74
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ Options on 90 Day Bank Bill Futures
Reference Code:
BB
Ticker Code:
BB
Underlying Security:
a 90 Day Bank Bill Futures Contract as specified in BB
Unit Size:
1 unit of the Underlying Security
Premium Quotes:
yield percent per annum multiplied by 100
Minimum Fluctuations:
0.01 percent per annum
Premium Value:
é
é
ùù
ù ê
êé
úú
1,000,000 x 365 ú ú
ê ê 1,000,000 x 365ú − ê
×P
êê
úú
e × 90 ú ê
+
×
æ
ö
0
.
01
90
e
(
)
ú 365 + ç
ê ê 365 +
÷ úú
100 û êê
è
ø úû úû
100
êë ë
ë
where:
e = 100 - Exercise Price
P = premium expressed as a yield percent per annum multiplied by 100. The
calculation within the square brackets will be carried out to 2 decimal places.
All other calculations will be carried out to 8 decimal places. The premium value
will be rounded to the nearest cent. 0.5 of 1 cent will be rounded up.
Expiration Date:
The first Wednesday after the ninth day of the relevant Settlement Month.
1
Trading will cease at the 12 noon on the Expiration Date.
Mandatory Settlement
Day:
The business day following the Expiration Date.
Exercise of Options:
Notice may be given to the Clearing House on any business day on which the
Contract is traded. Notice must be received by the Clearing House prior to
1
5.30pm
Assignment
For options exercised prior to expiry, the seller will be notified by the Clearing
House no later than 45 minutes prior to commencement of the next business
day’s trading.
For options exercised at expiry, the seller will be notified by the Clearing House
1
no later than 9.00am on the business day following the Expiration Date.
Last Modified: 26/07/02
1
Unless otherwise indicated, all times are New Zealand times.
75
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ 3 Year Government Stock Futures
Reference Code:
TY
Ticker Code:
TY
Underlying Security:
New Zealand Government Stock with a coupon rate of 8 percent and a 3 year term
to maturity
Unit Size:
face value of $100,000
Price Quotes:
yield percent per annum quoted as 100 percent minus price
Minimum Fluctuations:
0.01 percent per annum
Contract Value and
Mandatory Settlement
Value Calculations:
1
é
1−
ê 100
(1 + i ) 6
Value = 1,000ê
+
4
.
0
6
i
ê (1 + i )
êë
ù
ú
ú
ú
úû
The calculation within the brackets will be carried out to 8 decimal places. The
values will be rounded to the nearest cent. 0.5 of 1 cent will be rounded up.
Contract Value:
in the above formula:
i=
Price
200
expressed as a yield percent per annum
Mandatory Settlement
Value:
in the above formula:
i=
Mandatory Settlement Price
200
expressed as a yield percent per annum
Final Trading Day:
The first Wednesday after the ninth day of the relevant Settlement Month. Trading
will cease at 12 noon on the Final Trading Day
Settlement:
Cash settlement with the parties making payment to or receiving from the Clearing
House (whichever is applicable) the amount of the difference between the Contract
Value and the Mandatory Settlement Value by no later than 1400 hours on the
Mandatory Settlement Day.
Mandatory Settlement
Day:
the business day following the Final Trading Day
Mandatory Settlement
Price:
the Mandatory Settlement Price will be determined in accordance with Approved
Settlement List Procedures
Approved Settlement List
Procedures
- time of announcement:
the Mandatory Settlement Price will be announced by the Company by no later than
1500 hours on the Final Trading Day
- minimum no. of parties:
6
- underlying securities for
which yields shall be
quoted:
2 New Zealand Government Stock with maturities as determined by the Company
prior to the listing of the cash settlement month
- quotation time and
the yields expressed to two decimal places at which the party would buy and sell
76
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
requirements:
each underlying security as at 9.00 am, 9.30 am and 10.00 am (the quotation times)
on the Final Trading Day
- time for obtaining
quotes:
quotes will be obtained within 15 minutes of the quotation time:
- calculation procedures:
(a) for each quotation time:
The Company will randomly select 6 quotes. Quotes with a spread of greater
than 0.05 percent per annum will be discarded. Midrates will be calculated from
all remaining quotes and the highest and lowest midrates will be discarded for
each stock.
the average of the remaining midrates for each stock will be calculated
a yield will be calculated from the 2 averages so calculated by straight line
interpolation or straight line extrapolation as the case may require using the
following formula:
n1
yield = i + ( i − i ) × 2
n
1
2
1
where:
1
i = the average midrate of shorter dated stock
2
i = the average midrate of longer dated stock
1
n = the number of days between the maturity of the shorter dated stock and the
theoretical futures maturity
2
n = the number of days between the maturity of the shorter dated stock and the
maturity of the longer dated stock
the yield will be expressed to the nearest second decimal place
0.005 will be rounded up
(b) the average of the 3 yields determined in accordance with (a) above will be
calculated to the nearest second decimal place
0.005 will be rounded up
the average yield so calculated and deducted from 100 will be the mandatory
settlement price
Last Modified: 30/04/03
1
Unless otherwise indicated, all times are New Zealand times.
77
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ Options on 3 Year Government Stock Futures
Reference Code:
TY
Ticker Code:
TY
Underlying Security:
a Three Year Government Stock Futures Contract as specified in TY
Unit Size:
1 unit of the Underlying Security
Premium Quotes:
yield percent per annum multiplied by 100
Minimum Fluctuations:
0.01 percent per annum
Premium Value:
éé
1
1−
êê
(1 + i ) 6
100
ê
1,000 p × ê
+ 4.0
êê (1 + i ) 6
i
êêë
ë
1
ù é
1−
ê
ú
(1 + j ) 6
100
ê
ú−
6 + 4.0
j
ú ê (1 + j )
ê
úû ë
ùù
úú
úú
úú
úú
ûû
where:
p = premium in yield percent per annum x 100
æ100 − ExercisePrice ö
i=ç
÷
è
ø
200
æ 200i + 0.01 ö
j =ç
÷
è
ø
200
The calculation within the brackets will be carried out to 8 decimal places. The
values will be rounded to the nearest cent. 0.5 of 1 cent will be rounded up.
Expiration Date:
The first Wednesday after the ninth day of the relevant Settlement Month.
Trading will cease at 12 noon on the Expiration Date.
Mandatory Settlement Day:
the business day following the Expiration Date
Exercise or Abandonment:
Notice may be given to the Clearing House on any business day on which the
Contract is traded. Notice must be received by the Clearing House prior to
1730 hours.
Assignment:
For options exercised prior to expiry, the seller will be notified by the Clearing
House no later than 45 minutes prior to commencement of the next business
day’s trading. For options exercised at expiry, the seller will be notified by the
Clearing House no later than 0900 hours on the business day following the
Expiration Date.
Last Modified: 07/05/02
1
Unless otherwise indicated, all times are New Zealand times.
78
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ 10 Year Government Stock Futures
Reference Code:
TN
Ticker Code:
TN
Underlying Security:
New Zealand Government Stock with a coupon rate of 8 percent and a 10 year term
to maturity.
Unit Size:
face value of $100,000
Price Quotes:
yield percent per annum quoted as 100 percent minus price
Minimum Fluctuations:
0.01 percent per annum
Contract Value and
Mandatory Settlement
Value Calculations:
1
é
1−
ê 100
(1 + i ) 20
Value = 1,000 ê
20 + 4.0
i
ê (1 + i )
êë
ù
ú
ú
ú
úû
the calculation within the brackets will be carried out to 8 decimal places. The
values will be rounded to the nearest cent. 0.5 of 1 cent will be rounded up
Contract Value:
in the above formula:
i=
Price
200
expressed as a yield percent per annum
Mandatory Settlement
Value:
in the above formula
i=
Mandatory Settlement Price
200
expressed as a yield percent per annum
Final Trading Day:
the first Wednesday after the ninth day of the relevant Settlement Month. Trading
will cease at 12 noon on the Final Trading Day.
Settlement:
cash settlement with the parties making payment to or receiving from the Clearing
House (whichever is applicable) the amount of the difference between the Contract
Value and the Mandatory Settlement Value by no later than 1400 hours on the
Mandatory Settlement Day
Mandatory Settlement
Day:
the business day following the Final Trading Day
Mandatory Settlement
Price:
the Mandatory Settlement Price will be determined in accordance with Approved
Settlement List Procedures
Approved Settlement List
Procedures:
- time of announcement:
the Mandatory Settlement Price will be announced by the Company by no later than
1500 hours on the Final Trading Day
- minimum no. of parties:
6
- underlying securities for
2 New Zealand Government Stocks with maturities as determined by the Company
79
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
which yields shall be
quoted:
prior to the listing of the cash settlement month
- quotation time and
requirements:
the yields expressed to two decimal places at which the party would buy and sell
each underlying security as at 9.00 am, 9.30 am and 10.00 am (the quotation times)
on the Final Trading Day
- time for obtaining
quotes:
quotes will be obtained within 15 minutes of the quotation time
- calculation procedures:
(a) for each quotation time:
the Company will randomly select 6 quotes
quotes with a spread of greater than 0.05 percent per annum will be discarded
midrates will be calculated from all remaining quotes and the highest and lowest
midrates will be discarded for each stock
the average of the remaining midrates for each stock will be calculated
a yield will be calculated from the 2 averages so calculated by straight line
interpolation or straight line extrapolation as the case may require using the
following formula:
yield = i1 + ( i 2 − i1 ) ×
n1
n2
where:
1
i = the average midrate of shorter dated stock
2
i = the average midrate of longer dated stock
1
n = the number of days between the maturity of the shorter dated stock and the
theoretical futures maturity
2
n = the number of days between the maturity of the shorter dated stock and the
maturity of the longer dated stock
the yield will be expressed to the nearest second decimal place
0.005 will be rounded up
(b) the average of the 3 yields determined in accordance with (a) above will be
calculated to the nearest second deminal place
0.005 will be rounded up
the average yield so calculated and deducted from 100 will be the mandatory
settlement price
Last Modified: 30/04/03
1
Unless otherwise indicated, all times are New Zealand times.
80
The SFE takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based
upon this information. The information published here does not substitute for the SFE Business Rules and in the case of
inconsistency, the Business Rules prevail. For further information on the SFE or its products, please contact the Business
Development Group.
SFE NZ Options on 10 Year Government Stock Futures
Reference Code:
TN
Ticker Code:
TN
Underlying Security:
a Ten Year Government Stock Futures Contract as specified in TN
Unit Size:
1 unit of the Underlying Security
Premium Quotes:
yield percent per annum multiplied by 100
Minimum Fluctuations:
0.01 percent per annum
Premium Value:
éé
1
1−
êê
(1 + i ) 20
100
ê
1,000 p × ê
+ 4.0
êê (1 + i ) 20
i
êêë
ë
1
ù é
1−
ê
ú
(1 + j ) 20
100
ê
ú−
20 + 4.0
j
ú ê (1 + j )
ê
úû ë
ùù
úú
úú
úú
úú
ûû
where:
p = premium in yield percent per annum x 100
i=
j=
( 100 − ExercisePrice )
200
( 200i + 0.01)
200
the calculation within the brackets will be carried out to 8 decimal places
the values will be rounded to the nearest cent
0.5 of 1 cent will be rounded up
Expiration Date:
the first Wednesday after the ninth day of the relevant Settlement Month.
Trading will cease at 12 noon on the Expiration Date
Mandatory Settlement Day:
the business day following the Expiration Date
Exercise or Abandonment:
notice may be given to the Clearing House on any business day on which the
Contract is traded notice must be received by the Clearing House prior to 1730
hours
Assignment:
for options exercised prior to expiry, the seller will be notified by the Clearing
House no later than 45 minutes prior to commencement of the next business
day’s trading.
for options exercised at expiry, the seller will be notified by the Clearing House
no later than 0900 hours on the business day following the Expiration Date.
Last Modified: 07/05/02
1
Unless otherwise indicated, all times are New Zealand times.
81