| Contract Size |
$1,000 times the seasonal total for the respective CHI |
| Quotation |
CHI Index Points |
| Tick Size |
0.1 CHI Index Point |
| Tick Value |
0.1 CHI Index Point = $100 |
| Contracts Traded |
Expressed in terms of the CHI for the largest hurricane to make landfall within a specific location between January 1 and December 31 inclusive of a calendar year
Expressed in terms of the largest CHI-Cat-In-A-Box value for all hurricanes that occur within a specific geographic area between January 1 and December 31 inclusive of a calendar year |
| Locations |
Gulf Coast
(Brownsville, TX to AL/FL Border)
Florida
(AL/FL Border to Fernandina Beach, FL)
Southern Atlantic Coast
(Fernandina Beach, FL to NC/VA Border)
Northern Atlantic Coast
(NC/VA Border to Eastport, ME)
Eastern U.S.
(Brownsville, TX to Eastport, ME)
CHI-Cat-In-A-Box − Galveston-Mobile
(area bounded by 95°30’0”W on the West, 87°30’0”W on the East, 27°30’0”N on the South, and the corresponding segment of the U.S. coastline on the North) |
| Ticker Symbols |
HGM = Gulf Coast
HFM = Florida
HSS = Southern Atlantic Coast
HNM = Northern Atlantic Coast
HXM = Eastern U.S.
HPM = CHI-Cat-In-A-Box − Galveston-Mobile |
| Termination of Trading |
Trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the end of the hurricane season on December 31 |
| Strike Price Interval |
N/A |
| Exercise |
N/A |
| Settlement |
All futures contracts remaining open at the termination of trading shall be settled using the respective CHI seasonal maximum final value reported by EQECAT, Inc.
All futures contracts remaining open at the termination of trading shall be settled using the respective CHI seasonal maximum Cat-In-A-Box final value reported by EQECAT, Inc. |
| Position Limits |
Position accountability for positions exceeding 10,000 contracts in any contract month |
| Trading Hours |
Offered exclusively on the CME Globex electronic trading platform on Sundays through Thursdays, 5:00 p.m. – 3:15 p.m. CT the following day (9:00 a.m. CT LTD)1 |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
