LGBTM – 30-Year Government of Canada Bond Futures
Trading Unit
C$100,000 nominal value of Government of Canada Bond with 4% notional coupon.
Contract Months
March, June, September and December.
Price Quotation
Per C$100 nominal value.
Last Trading Day/Expiration
Trading ceases at 1:00 p.m. (Montréal time) on the 7th business day preceding the last business day of the delivery month.
Contract Type
Physical delivery of eligible Government of Canada Bonds. See Circulars.
Price Fluctuation
0.01 = C$10
Reporting Limit
250 contracts.
Delivery Standards
Government of Canada bonds which:
- have a remaining time to maturity of between 21 years and 33 years as of the first day of the delivery month, calculated by rounding down to the nearest entire three-month period;
- have an outstanding amount of at least C$3.5 billion nominal value;
- are originally issued at 30-year auctions;
- are issued and delivered on or before the 15th day preceding the first delivery notice day of the contract.
Price Limits
3 points (C$3,000) per contract above or below the previous day's settlement price.
Trading Hours (Montréal time)
- Early session: 6:00 a.m. to 8:05 a.m.
- Regular session: 8:20 a.m. to 3:00 p.m.
- Curb trading session: The curb trading session begins once settlement prices have been determined and ends at 4:00 p.m.
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