Interest Rate Products

30 Day Interbank Cash Rate Futures and Options - These contracts are based on the Interbank Overnight Cash Rate published by the Reserve Bank of Australia and will allow users to hedge against fluctuations in the overnight cash rate and better manage their daily cash exposures.

90 Day Australian Bank Accepted Bill Futures and Options - These contracts are the major short term interest rate derivative products in Australia. The 90 Day Bank Accepted Bill Futures contract is ranked among the top 10 short term interest rate futures contracts in the world by traded volume.

3 Year and 10 Year Australian Treasury Bond Futures and Options - These contracts are the major medium and long term interest rate derivative products in Australia. The 3 Year Treasury Bond Futures contract is ranked among the top 10 interest rate futures contracts in the world by traded volume.

One-Session Options - Innovative and currently unique to Australia, these options are available for both 3 Year and 10 Year Treasury Bond Futures and SFE SPI 200™ Futures. One Session Options have a life span of only one traded session, they are used for managing short term exposure (including event risk) as well as for outright trading opportunities.

3 and 10 Year Interest Rate Swap Futures - The Interest Rate Swap Futures contracts provide users with a standardised exchange traded product for managing non-government debt exposures. 3 and 10 Year Interest Rate Swap Futures present a cost effective and convenient method of gaining direct exposure to prices and trade strategies in the swap market.

Australia/US 10 Year Bond Spread Futures - This contract is a world first in providing market users with the opportunity to trade cross-border spreads as one price and without legging risk.

New Zealand 30 Day Official Cash Rate Futures - The contract is based on the Official Target Cash Rate published by the Reserve Bank of New Zealand and allows users to hedge against changes in the cash rate and better manage their daily cash exposures.

90 Day New Zealand Bank Bill Futures and Options - These contracts are the major short term interest rate derivative products in New Zealand.

3 Year and 10 Year New Zealand Government Stock Futures and Options - These contracts are the major medium and long term interest rate derivative products in New Zealand.

Off market trading methods

Exchange For Physicals - enables customers to swap futures and options exposure for an offsetting stock position.

Block Trade Facility - enables professional market users to arrange and transact orders of significant size in specified contracts.

Strip trading

  1. 30 Day Interbank Cash Rate Futures Strip
  1. 90 Day Bank Bills against Three Year Bond

Product Global
Regulatory Approval		 24 hr Electronic
Global Trading		 Exchange for
Physical		 Block Trade
Facility
30 Day Interbank Cash Rate Futures Yes Yes Yes
30 Day Interbank Cash Rate Options Yes Yes Yes
 New Zealand 30 Day Official Cash Rate Futures Yes Yes Yes Yes
90 Day Australian Bank Accepted Bill Futures Yes Yes Yes
90 Day Australian Bank Accepted Bill Options Yes Yes Yes
90 Day New Zealand Bank Bill Futures Yes Yes Yes
90 Day New Zealand Bank Bill Options Yes Yes Yes
3 Year Australian Treasury Bond Futures  Yes Yes Yes Yes*
3 Year Australian Treasury Bond Options Yes Yes Yes
3 Year Australian Treasury Bond One Session Options   Yes Yes Yes
3 Year Interest Rate Swap Futures Yes Yes Yes  
3 Year New Zealand Government Stock Futures Yes Yes Yes Yes
3 Year New Zealand Government Stock Options Yes Yes Yes
10 Year Australian Treasury Bond Futures  Yes Yes Yes Yes*
10 Year Australian Treasury Bond Options Yes Yes Yes
10 Year Australian Treasury Bond One Session Options   Yes Yes Yes
10 Year Interest Rate Swap Futures Yes Yes  Yes   
Australia/US 10 Year Bond Spread Futures       Yes Yes    
10 Year New Zealand Government Stock Futures     Yes Yes Yes Yes
10 Year New Zealand Government Stock Options Yes Yes Yes

* Block Trade Facility only available during the night trading session.