Current location - Trademark Inquiry Complete Network - Futures platform - Regarding the draft of the five-year treasury bond futures contract of CICC, why is the minimum change price of the third bank 0.002 point per basis point in 20 yuan?
Regarding the draft of the five-year treasury bond futures contract of CICC, why is the minimum change price of the third bank 0.002 point per basis point in 20 yuan?
1. The face value of a contract is1100,000 yuan.

2. The quotation is based on the buying and selling price of government bonds with face value of 100 yuan, and the unit is "yuan".

3. The minimum price change is 0.002 yuan, in other words, the minimum price change is 2‰.

4. Change from 100 yuan to 0.002 yuan, which is equivalent to1000 million yuan in 20 yuan.