PRIIPs Options Products

CME Group is aware of the implications of the Packaged Retail and Insurance-Based Investment Products (PRIIPs)* regulation on some of our customers, especially those in the business of interacting with EU retail investors. With that in mind, we have created a suite of Key Information Documents (KIDs) which cover certain futures products.

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The EU Regulation Team

The CME Group Exchanges are implementing rules which become effective January 1, 2018 in connection with the implementation of the PRIIPs regulation. The CME Group Exchanges will require those who offer or sell in-scope products to EU retail clientele to provide the KIDs from the CME Group website. Pursuant to our rules, members of the CME Group Exchanges will be required to provide a KID prior to offering, selling or otherwise arranging a transaction for a CME Group product to an EU retail customer. Further, for clearing member firms that carry omnibus accounts, such firms may only carry omnibus accounts for entities that received a notice (i) notifying the omnibus account of the EU Retail Customer restrictions contained in the rules and (ii) requiring it to send a similar notice to its omnibus customers.

If no KID is available for a CME Group Exchange product, members of the CME Group Exchanges must not offer that product or otherwise make it available to EU Retail Customers.

Download KIDs

Product Type  Transaction Key Information Document Date Costs Updated
English French German Italian Dutch Spanish
Commodities - Cash Settled
Lean Hog Options
Long Call link link link link link link 1-Dec-17
Short Call link link link link link link 1-Dec-17
Long Put link link link link link link 1-Dec-17
Short Put link link link link link link 1-Dec-17
Commodities - Physically Delivered
Chicago SRW Wheat Options
Corn Options
Crude Oil Options
Gold Options
Live Cattle Options
Natural Gas Options (American)
Silver Options
Soybean Meal Options
Soybean Options
Long Call link link link link link link 1-Dec-17
Short Call link link link link link link 1-Dec-17
Long Put link link link link link link 1-Dec-17
Short Put link link link link link link 1-Dec-17
Equity Indices
E-mini Nasdaq 100 Options
E-mini S&P 500 Options
Long Call link link link link link link 1-Dec-17
Short Call link link link link link link 1-Dec-17
Long Put link link link link link link 1-Dec-17
Short Put link link link link link link 1-Dec-17
FX Physically-Delivered
Premium Quoted European Style Options on Australian Dollar/US Dollar Futures
Premium Quoted European Style Options on British Pound/US Dollar Futures
Premium Quoted European Style Options on Canadian Dollar/US Dollar Futures
Premium Quoted European Style Options on Euro/US Dollar Futures
Premium Quoted European Style Options on Japanese Yen/US Dollar Futures
Long Call link link link link link link 1-Dec-17
Short Call link link link link link link 1-Dec-17
Long Put link link link link link link 1-Dec-17
Short Put link link link link link link 1-Dec-17
STIRs
Eurodollar Options
Long Call link link link link link link 1-Dec-17
Short Call link link link link link link 1-Dec-17
Long Put link link link link link link 1-Dec-17
Short Put link link link link link link 1-Dec-17
Treasury Bonds and Notes
10-Year T-Note Options
U.S. Treasury Bond Options
Long Call link link link link link link 1-Dec-17
Short Call link link link link link link 1-Dec-17
Long Put link link link link link link 1-Dec-17
Short Put link link link link link link 1-Dec-17

Products Covered

Product Type  Product Exchange Commodity Code CME Globex Code Transaction Costs
If you cash in after 3 months If you hold for 3 months until expiration and exercise If you hold for 3 months until expiration and do not exercise Entry Costs Exit Costs
Total Costs Reduction in Yield Total Costs Reduction in Yield Total Costs Reduction in Yield
Commodities - Cash Settled  Lean Hog Options  CME LN HE Long Call $4.06 0.35% $2.77 0.24% $2.03 0.18% 0.18% 0.18%
Short Call $4.06 0.35% $2.77 0.24% $2.03 0.18% 0.18% 0.18%
Long Put $4.06 0.32% $2.77 0.22% $2.03 0.16% 0.16% 0.16%
Short Put $4.06 0.32% $2.77 0.22% $2.03 0.16% 0.16% 0.16%
Commodities - Physically Delivered  Chicago SRW Wheat Options CBOT W OZW Long Call $3.90 0.50% $2.50 0.32% $2.05 0.26% 0.25% 0.25%
Short Call $3.90 0.50% $2.50 0.32% $2.05 0.26% 0.25% 0.25%
Long Put $3.90 0.45% $2.50 0.29% $2.05 0.24% 0.23% 0.23%
Short Put $3.90 0.45% $2.50 0.29% $2.05 0.24% 0.23% 0.23%
Corn Options CBOT C OZC Long Call $3.90 0.84% $2.50 0.54% $2.05 0.44% 0.42% 0.42%
Short Call $3.90 0.84% $2.50 0.54% $2.05 0.44% 0.42% 0.42%
Long Put $3.90 0.74% $2.50 0.48% $2.05 0.39% 0.37% 0.37%
Short Put $3.90 0.74% $2.50 0.48% $2.05 0.39% 0.37% 0.37%
Crude Oil Options NYMEX LO LO Long Call $3.00 0.14% $2.35 0.11% $1.50 0.07% 0.07% 0.07%
Short Call $3.00 0.14% $2.35 0.11% $1.50 0.07% 0.07% 0.07%
Long Put $3.00 0.13% $2.35 0.10% $1.50 0.07% 0.07% 0.07%
Short Put $3.00 0.13% $2.35 0.10% $1.50 0.07% 0.07% 0.07%
Gold Options COMEX OG OG Long Call $2.90 0.15% $2.30 0.12% $1.45 0.07% 0.07% 0.07%
Short Call $2.90 0.15% $2.30 0.12% $1.45 0.07% 0.07% 0.07%
Long Put $2.90 0.17% $2.30 0.13% $1.45 0.08% 0.08% 0.08%
Short Put $2.90 0.17% $2.30 0.13% $1.45 0.08% 0.08% 0.08%
Live Cattle Options CME 48 LE Long Call $4.06 0.24% $2.77 0.16% $2.03 0.12% 0.12% 0.12%
Short Call $4.06 0.24% $2.77 0.16% $2.03 0.12% 0.12% 0.12%
Long Put $4.06 0.24% $2.77 0.16% $2.03 0.12% 0.12% 0.12%
Short Put $4.06 0.24% $2.77 0.16% $2.03 0.12% 0.12% 0.12%
Natural Gas Options (American) NYMEX ON ON Long Call $3.00 0.12% $2.35 0.09% $1.50 0.06% 0.06% 0.06%
Short Call $3.00 0.12% $2.35 0.09% $1.50 0.06% 0.06% 0.06%
Long Put $3.00 0.11% $2.35 0.08% $1.50 0.05% 0.05% 0.05%
Short Put $3.00 0.11% $2.35 0.08% $1.50 0.05% 0.05% 0.05%
Silver Options COMEX SO SO Long Call $2.90 0.12% $2.30 0.10% $1.45 0.06% 0.06% 0.06%
Short Call $2.90 0.12% $2.30 0.10% $1.45 0.06% 0.06% 0.06%
Long Put $2.90 0.10% $2.30 0.08% $1.45 0.05% 0.05% 0.05%
Short Put $2.90 0.10% $2.30 0.08% $1.45 0.05% 0.05% 0.05%
Soybean Meal Options CBOT 6 OZM Long Call $3.90 0.37% $2.50 0.24% $2.05 0.19% 0.18% 0.18%
Short Call $3.90 0.37% $2.50 0.24% $2.05 0.19% 0.18% 0.18%
Long Put $3.90 0.32% $2.50 0.21% $2.05 0.17% 0.16% 0.16%
Short Put $3.90 0.32% $2.50 0.21% $2.05 0.17% 0.16% 0.16%
Soybean Options CBOT S OZS Long Call $3.90 0.34% $2.50 0.22% $2.05 0.18% 0.17% 0.17%
Short Call $3.90 0.34% $2.50 0.22% $2.05 0.18% 0.17% 0.17%
Long Put $3.90 0.29% $2.50 0.19% $2.05 0.15% 0.15% 0.15%
Short Put $3.90 0.29% $2.50 0.19% $2.05 0.15% 0.15% 0.15%
Equity  E-Mini Nasdaq 100 Options CME NQ NQ Long Call $1.10 0.03% $0.99 0.02% $0.55 0.01% 0.01% 0.01%
Short Call $1.10 0.03% $0.99 0.02% $0.55 0.01% 0.01% 0.01%
Long Put $1.10 0.03% $0.99 0.02% $0.55 0.01% 0.01% 0.01%
Short Put $1.10 0.03% $0.99 0.02% $0.55 0.01% 0.01% 0.01%
E-Mini S&P 500 Options CME ES ES Long Call $1.10 0.04% $0.99 0.03% $0.55 0.02% 0.02% 0.02%
Short Call $1.10 0.04% $0.99 0.03% $0.55 0.02% 0.02% 0.02%
Long Put $1.10 0.04% $0.99 0.03% $0.55 0.02% 0.02% 0.02%
Short Put $1.10 0.04% $0.99 0.03% $0.55 0.02% 0.02% 0.02%
FX - Physically Delivered Premium Quoted European Style Options on Australian Dollar/US Dollar Futures CME ADU ADU Long Call $3.20 0.26% $2.25 0.18% $1.60 0.13% 0.13% 0.13%
Short Call $3.20 0.26% $2.25 0.18% $1.60 0.13% 0.13% 0.13%
Long Put $3.20 0.27% $2.25 0.19% $1.60 0.14% 0.14% 0.14%
Short Put $3.20 0.27% $2.25 0.19% $1.60 0.14% 0.14% 0.14%
Premium Quoted European Style Options on British Pound/US Dollar Futures CME GBU GBU Long Call $3.20 0.23% $2.25 0.16% $1.60 0.11% 0.11% 0.11%
Short Call $3.20 0.23% $2.25 0.16% $1.60 0.11% 0.11% 0.11%
Long Put $3.20 0.24% $2.25 0.17% $1.60 0.12% 0.12% 0.12%
Short Put $3.20 0.24% $2.25 0.17% $1.60 0.12% 0.12% 0.12%
Premium Quoted European Style Options on Canadian Dollar/US Dollar Futures CME CAU CAU Long Call $3.20 0.31% $2.25 0.22% $1.60 0.16% 0.16% 0.16%
Short Call $3.20 0.31% $2.25 0.22% $1.60 0.16% 0.16% 0.16%
Long Put $3.20 0.28% $2.25 0.19% $1.60 0.14% 0.14% 0.14%
Short Put $3.20 0.28% $2.25 0.19% $1.60 0.14% 0.14% 0.14%
Premium Quoted European Style Options on Euro/US Dollar Futures CME EUU EUU Long Call $3.20 0.13% $2.25 0.09% $1.60 0.07% 0.07% 0.07%
Short Call $3.20 0.13% $2.25 0.09% $1.60 0.07% 0.07% 0.07%
Long Put $3.20 0.15% $2.25 0.11% $1.60 0.08% 0.08% 0.08%
Short Put $3.20 0.15% $2.25 0.11% $1.60 0.08% 0.08% 0.08%
Premium Quoted European Style Options on Japanese Yen/US Dollar Futures CME JPU JPU Long Call $3.20 0.17% $2.25 0.12% $1.60 0.09% 0.09% 0.09%
Short Call $3.20 0.17% $2.25 0.12% $1.60 0.09% 0.09% 0.09%
Long Put $3.20 0.15% $2.25 0.10% $1.60 0.07% 0.07% 0.07%
Short Put $3.20 0.15% $2.25 0.10% $1.60 0.07% 0.07% 0.07%
STIRs Eurodollar Options  CME ED GE Long Call $1.78 1.10% $1.58 0.97% $0.89 0.55% 0.55% 0.55%
Short Call $1.78 1.10% $1.58 0.97% $0.89 0.55% 0.55% 0.55%
Long Put $1.78 1.78% $1.58 1.58% $0.89 0.89% 0.89% 0.89%
Short Put $1.78 1.78% $1.58 1.58% $0.89 0.89% 0.89% 0.89%
Treasury Bonds and Notes 10-Year T-Note Options CBOT 21 OZN Long Call $1.62 0.19% $1.36 0.16% $0.91 0.11% 0.10% 0.10%
Short Call $1.62 0.19% $1.36 0.16% $0.91 0.11% 0.10% 0.10%
Long Put $1.62 0.18% $1.36 0.15% $0.91 0.10% 0.09% 0.09%
Short Put $1.62 0.18% $1.36 0.15% $0.91 0.10% 0.09% 0.09%
U.S. Treasury Bond Options CBOT 17 OZB Long Call $1.62 0.07% $1.36 0.06% $0.91 0.04% 0.03% 0.03%
Short Call $1.62 0.07% $1.36 0.06% $0.91 0.04% 0.03% 0.03%
Long Put $1.62 0.08% $1.36 0.06% $0.91 0.04% 0.04% 0.04%
Short Put $1.62 0.08% $1.36 0.06% $0.91 0.04% 0.04% 0.04%

Regulation and Trading Advice

Read an overview of our regulatory advice for trading futures.

Read more.

 

An Explanation of Costs

Transaction costs are based on the non-member fee for outright transactions executed on CME Globex. Options exercise and expiry costs are those applied to non-member or customer accounts. For futures contracts, the Reduction in Yield (RIY) is calculated as the cost as a proportion of the contract’s notional value. For options contracts, the Reduction in Yield (RIY) is calculated as the cost as a proportion of the contract’s premium value. Options calculations are based on an option with a strike price closest to the underlying future’s price.

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More in Market Regulation

Complaints Procedure

If you have a complaint please send a letter to:

EU Regulation Team
CME Group
Fourth Floor, One New Change
London
EC4M 9AF


*Further guidance might be issued by the European Authorities, which could result in further changes being made to our approach.