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ZAR/USD Futures
 
 
ZAR/USD Futures
Contract Size 500,000 South African rand
Contract Month Listings Thirteen consecutive calendar months plus two-deferred March quarterly cycle months
Settlement Procedure Daily ZAR/USD Settlement Procedure (PDF)
Final ZAR/USD Settlement Procedure (PDF)
Position Accountability Trigger Level 6,000 futures-equivalent contracts
Position Limit 5,000 futures-equivalent contracts for Spot month***
Ticker Symbol CME Globex Electronic Markets: 6Z
Open Outcry: RA
AON Code: UR

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Minimum Price Fluctuation (Tick) $.000025 per South African rand increments ($12.50/contract).
Trading Hours OPEN OUTCRY (RTH) 7:20 a.m.-2:00 p.m.
GLOBEX (ETH) Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
CME ClearPort Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45–minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Last Trade Date / Time

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9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
Block Trade Eligibility Yes. View more on Block Trade eligible contracts.
Block Trade Minimum 50 Contracts
EFP Eligibility Yes. View more on EFPs.
*** Position accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position accountability trigger Level), such person will provide in a timely fashion, upon request by CME Group Market regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. therefore, overall positions do not have a finite limit. Spot Month Position Limit: however, a position held in the expiring contract month may not exceed the spot month position limit on the business day one week before termination of trading.
 
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