| Underlying Instrument |
Eurodollar Time Deposit having a principal value of $3,000,000 with a one-month maturity. |
| Price Quote |
Quoted in IMM One-Month LIBOR index points or 100 minus the depost rate on an annual basis over a 360 day year (e.g., a deposit rate of 7.20 shall be quoted as 92.80). 1 basis point = .01 = $25. |
Tick Size
(minimum fluctuation) |
One-quarter of one basis point (0.0025 = $6.25 per contract). |
| Contract Months |
First 12 consecutive calendar months. |
| Last Trading Day |
Second London bank business day prior to the third Wednesday of the contract month. Trading in expiring contracts closes at 11:00 a.m. London time on the last trading day. |
| Final Settlement |
Expiring contracts are cash settled to the British Bankers’ Association survey of 1-month U.S. Dollar LIBOR on the contract's last trading day. Final settlement price is rounded to four decimal places, equal to 1/10,000 of a percent. |
| Position Limits |
None |
| Block Minimum |
Block Trading Minimums |
| All or None Minimum |
All or None Minimums |
| Rulebook Chapter |
CME Chapter 453 |
Trading Hours
(All times listed are Central Time) |
OPEN OUTCRY
MON-FRI: 7:20 a.m. - 2:00 p.m.
CME GLOBEX
SUN - FRI: 5:00 p.m. - 4:00 p.m. CT
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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. |
