| Items |
Specifications |
| Exchange |
CME |
| Underlying Stock Index |
Eurodollar Futures |
| Contract Size |
Eurodollar Time Deposit having a principal value of $1,000,000 with a three-month maturity. |
| Minimum Price Fluctuation |
Regular -> 0.01=$25.00 Months 11 thru 40 Half Tick -> 0.005=$12.50 Months 2 thru 10 Quarter -> 0.0025=$6.25 for nearest expiring month. |
| Contract Month |
Mar, Jun, Sep, Dec, Forty months in the March quarterly cycle, and the four nearest serial contract months. |
| Daily Price Limits |
Floor & SGX: No limit
Globex: 2.00 IMM Index points above or below the Reference RTH Price |
| Trading Hrs |
Singapore Time:
Floor:
8:20 p.m.-3:00 a.m
Globex:
Mon/Thurs 6:00 a.m.-5:00 a.m. & 3:00 a.m.-5:00 a.m.; Shutdown period from 5:00 a.m. to 6:00 a.m. nightly; Sun & Hol 6:00 a.m.-5:00 a.m.
SGX:
Sun/Thur-9:20 p.m.-4:00 a.m. |
| Trading Hours on Last Trading Day |
N.A |
| Last Trading Day |
Futures trading shall terminate at 11:00 a.m. (London Time) 5:00a.m. (Chicago Time on the second London bank business day before the third Wednesday of the contract month. (Due to the 5:00 a.m. terminate time, the last day of trading for contracts listed on RTH will be the third business day immediately preceding the third Wednesday of the contract month). |
| Final Settlement |
Cash settlement
The final settlement price shall be 100 minus the British Bankers' Association Interest Settlement Rate for Three–Month Eurodollar Interbank Time Deposits, rounded to the nearest 1/10000th of a percentage point, on the second London bank business day immediately preceding the third Wednesday of the contract month. (Decimal fractions ending in a five (5) are rounded up. For example, an average rate of 8?21/32% ? 8.65625% ? would be rounded to 8.6563 and then subtracted from 100 to determine a final settlement price of 91.3437.) (The 16 reference banks selected by the British Bankers' Association to provide offered rates are major participants in the London Eurodollar Market.) |
| Close |
