MX New product
 
Launch of a New Bond Contract

Please be advised that the Montréal Exchange will be launching a new 30-Year Government of Canada Bond contract (LGB) on November 16, 2007.

LGB trading information
 The position limit is 4,000 contracts.
 The reporting limit is 250 contracts.
 The margin interval is 4.42%. Margin requirements will be published shortly in a     circular.
 The margin relief between the LGB and CGB contracts is 55% in this proportion:
    100 LGB contracts (long/short) with 165 CGB contracts (short/long).
 The available contract months will be: March 2008 (H8), June 2008 (M8) and     September 2008 (U8) as well as the H8-M8 and M8-U8 rolls.

Should you require technical assistance or wish to carry testing in our development environment, do not hesitate to contact our Technical Help Desk at 1-877-588-8489 or by e-mail at samsupport@m-x.ca .

Vendors' access codes (presently available)
Vendor Code
ACTIV Financial Systems, Inc. LGB
Bloomberg LGBA <comdty>
CQG, Inc. SymbolMonthYear
(for example LGBZ7 for Dec 2007)
Canjex Publishing Ltd. (CanadaStockwatch) LGB
IRESS Market Technology Ltd LGB
Thomson Financial LGB
Reuters Limited <0#LGB:>
Reuters Limited (Bridge) ca@LGB.1
Telekurs SymbolYearMonth
(for example LGB7Z for Dec 2007)


List of deliverable bond issues and
their conversion factors (as of October 26, 2007)
  Outstanding March
2008		 June
2008		 Sept.
2008

Dec.
2008
Coupon Maturity (C$ in millions)        
5¾% June 1, 2029 13,201 1.2508 1.2489 N/A N/A
5¾% June 1, 2033 13,410 1.2781 1.2765 1.2750 1.2733
5% June 1, 2037 11,849 1.1723 1.1714 1.1707 1.1699
TOTAL OUTSTANDING DELIVERABLE
BONDS (C$ in millions)		 38,460 38,460 25,259 25,259
Conversion factors computed with a yield equal to 4%.
Note: This list is produced in accordance with the Rules of Bourse de Montréal Inc. and the Canadian Derivatives Clearing Corporation (CDCC). Additional Government of Canada bond issues will be added as they become eligible.

Market making
The launch of the contract will be supported with continuous and competitive market making with size and spread commitments designed to ensure an attractive market.

For all business related questions, please contact our Customer Relations representative at 1-866-871-7878 or by e-mail at info@m-x.ca.

Glenn Goucher
Senior Vice-President, Financial Markets
Montréal Exchange

Montréal Exchange Informational Site
LGB contract specifications
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