Asset Class Navigation

1 Month Eurodollar Futures Contract Specs

Contract Unit Eurodollar interbank deposit having approximately $3 million principal value, for one-month term to maturity, for spot settlement on the 3rd Wednesday of the contract month.
Price Quotation IMM price points: 100 points minus the one-month London interbank offered rate for spot settlement on the 3rd Wednesday of the contract month. E.g., a price quote of 97.45 signifies a deposit rate of 2.55 percent per annum. One interest rate basis point = 0.01 price points = $25 per contract.
Trading Hours SUN - FRI: 5:00 p.m. - 4:00 p.m. CT
Minimum Price Fluctuation One quarter of one interest rate basis point = 0.0025 price points = $6.25 per contract.
Product Code CME Globex: GLB
CME ClearPort: EM
Clearing: EM
Listed Contracts Nearest 12 calendar months
Settlement Method Financially Settled
Termination Of Trading Second London bank business day before 3rd Wednesday of the contract month. Trading in expiring contracts terminates at 11:00 a.m. London time on the last trading day.
Settlement Procedures 1-Month Eurodollar Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 453
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
All Or None Minimum All or None Minimums
Vendor Codes Quote Vendor Symbols Listing