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Contract Unit | $1,000,000 notional principal | ||||
Price Quotation | Price is quoted in IMM Index points (100 minus rate), as the arithmetic average of prices of Eurodollar futures comprised in Delivery Standard bundle. | ||||
Trading Hours | CME Globex: | Sunday - Friday: 5:00 p.m. - 4:00 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 |
Outright: One quarter of one interest rate basis point = 0.0025 IMM Index points = $50 per contract. Spread: One twentieth of one interest rate basis point = 0.0005 IMM Index points = $10 per intermonth spread |
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Product Code | CME Globex: BU2CME ClearPort: BU2Clearing: BU2 | ||||
Listed Contracts | 2 nearest March Quarterly (Mar, Jun, Sep, Dec) expiry months. | ||||
Settlement Method | Deliverable | ||||
Termination Of Trading | Second London bank business day before 3rd Wednesday of the delivery month. Trading in expiring contracts terminates at 2 p.m. Chicago time on Last Trading Day. | ||||
Settlement Procedures | Eurodollar Bundle Futures Settlement Procedures | ||||
Exchange Rulebook | CME 454 | ||||
Block Minimum | Block Trading Minimums | ||||
All Or None Minimum | All or None Minimums | ||||
Vendor Codes | Quote Vendor Symbols Listing |
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