| Underlying Instrument |
€10,000 times Reference HICP Futures Index. Reference HICP Futures Index defined as 100.00 less annual inflation rate in the twelve-month period preceding the contract month based on the Eurozone Harmonized Index of Consumer Prices excluding tobacco ("HICP"), published by Eurostat. |
| Price Quote |
Quoted in IMM terms; 100 minus annual inflation rate in the 12-month period preceding the contract month (e.g., a rate of 3.50 shall be quoted as 96.50). |
Tick Size
(minimum fluctuation) |
0.01 Index points = €100.00 per contract |
| Contract Months |
12 consecutive calendar months |
| Last Trading Day |
The business day preceding the scheduled day the HICP announcement is made in the contract month. Trading in expiring contract closes at 4:00 p.m. London time on the last trading day. |
| Final Settlement |
Cash settled on the day the HICP announcement is made (business day following last trading day). The final settlement price shall be calculated as 100 less the annual % change in HICP over past 12-months, rounded to four (4) decimal places, or 100 – [ 100 x ( (HICP t ÷ HICP t-12) –1 ) ] |
| Position Limits |
Current Position Limits |
| Block Minimum |
Block Trading Minimums |
| All or None Minimum |
All or None Minimums |
| Rulebook Chapter |
CME Chapter 414 |
Trading Hours
(Time listed is Greenwich Mean Time) |
OPEN OUTCRY
n/a - Traded exclusively on CME Globex
CME GLOBEX
SUN - FRI: 8:00 a.m. - 4:00 p.m. GMT
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| Ticker Symbol |
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| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
