Trading Unit: C$100,000 nominal value notional Government of Canada bond with 9% coupon.
Delivery standards: Any of such Government of Canada bonds with 61/2 to 10 years maturity as of the first day of the delivery month and a minimum of C$3.5 billion outstanding, as determined by The Montreal Exchange.
Delivery months: March, June, September and December.
Delivery day: Any business day in the delivery month (at seller's choice). Delivery should be made and settled through the Canadian Depository for Securities (CDS) on the 5th business day following tender of the delivery notice.
Last trading day: 7th business day preceding the last business day of the delivery month.
Quotation: Per C$100 nominal value.
Tick size & value: 0.01 = C$10 per Contract.
Trading hours: 8:20 a.m to 3 p.m. (EST/EDT) Trading stops at 1 p.m. on the last trading day.
Last delivery notice: elivery notices should be submitted before 5:30 p.m. or before such time set by the clearing corporation on the 5th business day preceding the last business day of the delivery month.
Reporting limit: 50 contracts.
Position limit: 4,000 contracts
Exemption for hedgers are granted subject to prior approval by The Montreal Exchange.
Margin requirements: Speculators: C$2,500 per contract
Hedge: C$ 1, 000 per contract
Spread:C$300 per contract Spread position: C$725 per contract
Daily price limit: 3 points (C$3,000) per contract above or below the previous day's settlement price. The daily price limit does not apply during the delivery month of the contract.
Clearing corporation: Trans Canada Options Inc.
Ticker symbol: CGB