Asset Class Navigation

Three-Month Euribor Futures Contract Specs

Contract Unit Interest on a euro interbank deposit having approximately €1 million principal value for a term of three months, for spot settlement on 3rd Wednesday of contract Delivery Month
Price Quotation IMM price points: 100 points minus 3-month euro interbank offered rate for spot settlement on 3rd Wednesday of Delivery Month (eg, a 6.33 percent rate equals 93.67 points). One interest rate basis point (0.01 price points) equals €25 per contract.
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Minimum Price Fluctuation "New" Nearest Delivery Month futures begin trading in 0.0025 price point increments at start of final CME Globex trading session for expiring "old" Nearest Delivery Month futures, i.e., typically at 5:00 p.m. Chicago time (midnight Central Europe time) on afternoon (evening) preceding termination of trading in expiring futures.
Product Code CME Globex: EB
CME ClearPort: EB
Clearing: EB
Listed Contracts Nearest 40 months in March Quarterly cycle plus nearest 4 months not in March Quarterly cycle
Settlement Method Financially Settled
Termination Of Trading Second Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) System business day before 3rd Wednesday of Delivery Month
Position Limits CME Position Limits
Exchange Rulebook CME 503
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Procedure Final Settlement Price. Cash settlement by mark-to-market to
Final Settlement Price = Price Basis evaluated at Delivery Standard.
Final settlement occurs on Last Trading Day.