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Brazilian Real Options Contract Specs

Options
Contract Unit One futures contract for 100,000 Brazilian reals
Minimum Price Fluctuation $.00005 per Brazilian real increments ($5.00/contract).
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Open Outcry: 7:20 a.m. – 2:00 p.m Central Time (CT)
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Product Code CME Globex: BR
CME ClearPort: BR
Open Outcry: OR
Clearing: BR
Listed Contracts Twelve consecutive contract months
Settlement Procedures Option on cash-settled futures contract

To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2
Termination Of Trading On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate).
Position Limits CME Position Limits
Exchange Rulebook CME 257A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European
Settlement Method Deliverable
Underlying Brazilian Real Futures