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U.S. Dollar/South African Rand Futures Contract Specs

Contract Unit USD 100,000
Price Quotation ZAR per 1 USD
(e.g., 9.0775 / 9.0779 ZAR per 1 USD)
Trading Hours CME Globex: 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 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Minimum Price Fluctuation Outrights quoted in 0.0001 ZAR per USD (10 ZAR)
Calendar spreads in 0.00005 ZAR per USD (5 ZAR)
Product Code CME Globex: ZAR
CME ClearPort: ZAR
Clearing: ZAR
Listed Contracts 13 consecutive calendar months (Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec) plus 4 quarterly months (2-year maturity range)
Settlement Method Deliverable
Termination Of Trading Trading ceases at 9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month
Position Limits CME Position Limits
Reportable Positions 25 contracts
Exchange Rulebook CME 259L
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period CLS eligible currency. Final settlement on the 3rd Wednesday of the contract month.