NYSE Liffe US Treasury Bond Futures

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U.S. Treasury Bond futures
Exchange NYSE Liffe US
Settlement Cash settled
Pricing Unit One U.S. Treasury bond having a face value of maturity of $100,000.
Tick Value One-half of one thirty-second (1/32) of one point ($15,625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).
Contract Months Contract expiration months are the first three consecutive contracts in the March, June, September, and December quarterly cycle.
First Notice Date For all days except for the day preceding the Last Delivery Day, by 2:00pm CT, the short nominates the treasury securities to be delivered. For the day preceding the Last Delivery Day, by 3:00pm CT, the short nominates the treasury securities to be delivered. Longs are notified of the fact that they have been assigned in advance of this time frame, however the actual CUSIP is not identified until after the short has input the CUSIP to be delivered. A cash market trade is then created based on the assigned position. The cash market trade is based on Intent Day settlement price, and is reported to FICC by NYPC following completion of assignment.
Last Trading Day Trading stops at the end of the seventh business day before the last business day of the delivery month. Trading in expiring contracts closes at 12:01pm CT on the last trading day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 6:45pm - 4:00pm (day + 1) Central Time, Sunday - Friday, Daily Settlement to occur at 2:00pm Central Time
Ticker Symbol N/A US (Exchange code: V)
Price Limits N/A 25,000 lots during the last 10 days of trading. Positions are reportable above 1,500 lots, with a position accountability level of 10,000 lots as defined by NYSE Liffe US rules.

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