C$1,000,000 nominal value of Canadian bankers' acceptance with a three-month maturity.

March, June, September and December plus two nearest non-quarterly months (serials).

Index : 100 minus the annualized yield of a three-month Canadian bankers' acceptance.

Trading ceases at 10:00 a.m. (Montréal time) on the 2nd London (Great Britain) banking day prior to the 3rd Wednesday of the contract month. If the fixed day is a Bourse or bank holiday in Montréal or Toronto, the last trading day shall be the previous bank business day. The final settlement price is based on the average of the three-month Canadian bankers' acceptance bid rates as quoted on CDOR page of Reuters' Monitor Service on the last trading day at 10:15 a.m. (Montréal time), excluding the highest and lowest values. CDOR is based on 365 days.

Cash settlement.

• 0.005 = C$12.50 per contract for the nearest three listed contract months, including serials.
• 0.01 = C$25.00 per contract for all other contract months.

300 contracts.

None

• Early session: 6:00 a.m. to 7:45 a.m.
• Regular session: 8:00 a.m. to 3:00 p.m.
• Extended session*: 3:09 p.m. to 4:00 p.m.

* There is no extended session on the last trading day of the expiring contract month. Note: During early closing days, the regular session closes at 1:00 p.m., time at which the daily settlement price is established. In those circumstances, the extended session is from 1:09 p.m. to 1:30 p.m.