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INTEREST RATE FUTURES |
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Contract Characteristics |
TIIE |
CETES |
BONO M3 |
BONO M10 |
UDI |
|
28-day-Interbank Equilibrium Interest (TIIE)
TE28 |
91-day-Treasury bill Certificate (CETES)
CE91 |
3 Years Bond
(In kind Settlement)
M3 |
10 Years Bond
(In kind Settlement)
M10 |
Investment Unit
UDI |
|
Contract Size |
$ 100,000.00 Mexican Pesos |
10,000 Cetes (equivalent to $ 100,000.00 pesos) |
1,000 Bonds
(equivalent to $ 100,000.00 pesos) |
1,000 Bonds
(equivalent to $ 100,000.00 pesos) |
50,000 Investment Units. |
|
Delivery Months |
Monthly cycle for up to five years (60 months). |
Monthly cycle for up to twelve months and quarterly cycle for up to 24 cycles (seven years). |
Quarterly cycle for up to 12 cycles (3 years). |
Quarterly cycle for up to 12 cycles (3 years). |
Monthly cycle for up to twelve months and quarterly cycle for up to 16 cycles (four years). |
|
Trading Symbol |
TE28 plus the month and year of maturity:
TE28 JN06 (June 2006) |
CE91 plus the month and year of maturity:
CE91 JN06 (June 2006) |
M3 plus the month and year of maturity:
M3 DC06 (December 2006) |
M10 plus the month and year of maturity:
M10 DC06 (December 2006) |
UDI plus the month and year of maturity:
UDI DC06 (December 2006) |
|
Unit quoted |
Interest Rate Future Value |
Rate of annualized yield. |
Mexican Pesos. |
Mexican Pesos. |
Investment Unit value expressed in Mexican pesos multiplied by 100. |
|
Minimum price fluctuation (Tick) |
One basis point (0.01%) |
One basis point (0.01%) |
$ 0.025 Pesos |
$0.025 pesos |
$0.001 Mexican Pesos per UDI. |
|
Trading Hours |
07:30 to 15:00 hours (GMT -06:00) |
07:30 to 15:00 hours (GMT -06:00) |
07:30 to 15:00 hours (GMT -06:00) |
07:30 to 15:00 hours (GMT -06:00) |
07:30 to 15:00 hours (GMT -06:00) |
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Last day of trading and maturity date |
The next business day before the primary auction on the third Wednesday of the maturity month. |
The day of the primary auction of the week of the third Tuesday of maturity month. |
The last trading day will be the third previous business day to the date of maturity of the series.
The maturity date will be the last business day of the month of maturity of the series. |
The last trading day will be the third previous business day to the date of maturity of the series.
The maturity date will be the last business day of the month of maturity of the series. |
The 10th day of the maturity month or the previous business day in case that day is a holiday. |
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Settlement day |
Next business day after maturity date |
Next business day after maturity date. |
In kind settlement according to General Conditions for Futures Contracts. |
In kind settlement according to General Conditions for Futures Contracts. |
Cash settlement the next business day after maturity date. |