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South African Rand Weekly Options Contract Specs

Options
Contract Unit One futures contract for 500,000 South African Rand
Minimum Price Fluctuation $.000025 per South African rand increments ($12.50/contract).
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Default: 7:20 a.m. – 2:00 p.m. Central Time (CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: 1N,2N,3N,4N,5N
CME ClearPort: 1N,2N,3N,4N,5N
Open Outcry: 1N,2N,3N,4N,5N
Clearing: 1N,2N,3N,4N,5N
Listed Contracts Four weekly contracts
Settlement Procedures Option on physical delivery futures contracts
Termination Of Trading Close of trading is on the four nearest Fridays that are not also terminations for monthly options. (2:00 p.m. CT)
Position Limits 5,000 futures-equivalent contracts for Spot month

6,000 futures-equivalent contract
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Settlement Method Deliverable
Underlying South African Rand Futures