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CBOT Denatured Fuel Ethanol Forward Month Swaps 
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CBOT Denatured Fuel Ethanol Forward Month Swaps
Product Codes Ticker: FZE, COS for Calls, POS for Puts
Clearing: 71
Contract Size 14,500 gallons (half of one futures contract)
Tick Size (minimum fluctuation) $0.0001 per gallon ($1.45 per contract)
Price Quotation Dollars and cents and tenths of a cent per gallon.
Contract Monts For each listed Ethanol futures contract, a forward month swap is listed, with an expiration date one month prior to the corresponding futures contract. I.e., if a March 2009 Ethanol futures contract is listed, then a February 2009 Ethanol forward month swap would also be listed.
Trading Venue OTC (clearing only)
Clearing Hours Sunday - Friday: 6:36 p.m. - 4:00 p.m. CT next day
Daily Price Limits
(maximum fluctuation)		 $0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. Limits are lifted on LTD.
Settlement Procedure Daily Ethanol Forward Month Swaps Settlement Procedure (PDF)
Final Ethanol Forward Month Swaps Settlement Procedure (PDF)
Last Clearing Date The last business day of the contract month
Rulebook Chapter 16C
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.