<iframe src="//www.googletagmanager.com/ns.html?id=GTM-MS2WRF" height="0" width="0" style="display:none;visibility:hidden"></iframe>
home > Clearing & Settlement Service > Futures and Options > Assumption of Obligation > Settlement of Index Futures and mini-JGB Futures

Assumption of ObligationSettlement of Index Futures and mini-JGB Futures

Settlement of Index Futures

  • Index Futures transactions can be settled by offsetting trading (offsetting purchases or sales) until The Last Trading Day.

    ※ Mark-To-Market Margin shall be paid and received during the period from the trading through settlement.
  • When offsetting purchases or sales are not executed by The Last Trading Day, the remaining positions shall be settled by payment or receipt of the differentials between the Special Quotation (SQ)※ and the clearing index value on The Last Trading Day.

    ※ The Special Quotation (SQ) is determined based on the opening price of the component issues of each index on the next day after The Last Trading Day

Settlement of mini-JGB Futures

  • mini-JGB Futures transactions can be settled by offsetting trading (offsetting purchases or sales) until The Last Trading Day.

    ※ Mark-To-Market Margin shall be paid and received during the period from the trading through settlement.
  • When offsetting purchases or sales are not executed by The Last Trading Day, the remaining positions shall be settled by payment or receipt of the differentials between the Final settlement price※ and the clearing price on The Last Trading Day.

    ※ The Final settlement price shall be the opening price of its larger counterpart contracts, i.e. large- JGB Futures contracts