|Minimum Price Fluctuation||One-quarter of one basis point (0.0025), or $10.4175 per contract.|
|Trading Hours||CME Globex:||Sunday - Friday : 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 p.m. CT)||Open Outcry:||MON - FRI: 7:20 a.m. - 2:00 p.m.|
|Product Code||CME Globex: OZQCME ClearPort: 41Open Outcry: Put: FFP Call: FFCClearing: 41|
|Listed Contracts||First 24 calendar months.|
|Termination Of Trading||Default:||Last business day of the delivery month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.
Unexercised options shall expire at 7:00 p.m. on the business day following the last trading day.
|Mid-Curve||Last business day of the delivery month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.|
|Position Limits||CBOT Position Limits|
|Exchange Rulebook||CBOT Chapter 22A|
|Block Minimum||Block Minimum Thresholds|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Price Listing Procedures||Strike prices will be listed in increments of 6.25 basis points (0.0625) and 12.5 basis points (0.1250). The following strike prices in increments of 6.25 basis points will be listed: the at-the-money strike price closest to the current futures price plus the next ten consecutive higher and the next ten consecutive lower strike prices. Above and below this band, the following strike prices in increments of 12.5 basis points shall be listed: the next five (5) consecutive higher and the next five (5) consecutive lower strike prices.|
|Exercise Style||American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 6:00 p.m. Options that expire in-the-money after the close on the last trading day shall be automatically exercised on the business day following the last trading day, unless specific instructions are given to CME Clearing by 6:00 p.m.|
|Underlying||30 Day Federal Funds Futures|
Daily Reports and Settlements