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Eurodollar Futures Contract Specs

Underlying Instrument Eurodollar interbank deposit having approximately $1 million principal value, for three-month term to maturity, for spot settlement on the 3rd Wednesday of the contract month.
Price Quote IMM price points: 100 points minus the three-month London interbank offered rate for spot settlement on the 3rd Wednesday of 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.
Tick Size
(Minimum Price Fluctuation)

Nearest expiring contract month:
One quarter of one interest rate basis point = 0.0025 price points = $6.25 per contract.

All other contract months:
One half of one interest rate basis point = 0.005 price points = $12.50 per contract.

The “new” nearest contract begins trading in 0.0025 increments on the same trade date as the last trading day in the expiring “old” nearest contract.

Contract Months Nearest 40 months (i.e., 10 years) in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 4 “serial” months not in the March Quarterly cycle. The new March Quarterly contract month for delivery 10 years hence is listed on the business day following expiration of the nearest March Quarterly contract month.
Last Trading Day 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 Procedure Final Eurodollar Futures Settlement Procedure (PDF)
Daily Eurodollar Futures Settlement Procedure (PDF)
Position Limits None
Block Minimum Block Trading Minimums
All or None Minimum All or None Minimums
Rulebook Chapter CME Chapter 452
Trading Hours
(All times listed are Central Time)
MON-FRI: 7:20 a.m. - 2:00 p.m.
SUN - FRI: 5:00 p.m. - 4:00 p.m. CT
Ticker Symbol OPEN OUTCRY
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.

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