Matrix Bond Management
MBM Futures
Overview
MBM Futures illustrate how a deliverable contract on Panda Bonds could be structured to help investors hedge against risks such as currency and interest rate fluctuations. The terms below are indicative and intended to explain the product design; Matrix Bond Management is not currently licensed as a securities or derivatives dealer, and no contracts are transacted through this site.
Contract Highlights
- Contract Unit: RMB 1,000,000 face value at maturity
- Price Quotation: Points and fractions of points, based on 100 points
- Minimum Price Fluctuation:
- Outright: 1/32 of one point (0.03125) = RMB 312.50
- Calendar Spread: 1/4 of 1/32 of one point (0.0078125) = RMB 78.125
- Indicative Trading Hours:
- Sunday to Friday, 9:00 p.m. to 4:00 p.m. (HK Time)
- Listed Contracts: Quarterly contracts (March, June, September, December), listed for 3 consecutive quarters
- Termination of Trading: Trading terminates at 12:01 p.m., 7 business days prior to the last business day of the contract month.
Settlement and Delivery
- Settlement Method: Deliverable
- Last Delivery Date: Last business day of the delivery month
Additional Features
- Hedging Benefits: Protect portfolios against market volatility and interest rate risks.
- Speculative Opportunities: Take advantage of short-term market trends.
- Product Design: Structured to reflect international derivatives market conventions.
Want to Learn More?
Matrix Bond Management’s Panda Bond Futures and Options are presented here to explain how these instruments work. We provide research, structuring, and advisory support on Panda Bond derivatives; Matrix Bond Management is not currently licensed as a securities or derivatives dealer, so no trading account is opened and no contracts are transacted through this site. Reach out to our team to discuss your objectives.