| CME Hurricane Index Seasonal Maximum Futures | |||||
|---|---|---|---|---|---|
| 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 |
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| 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) Gulf Coast and Florida (Brownsville, TX to Fernandina Beach, FL) Florida Gold Coast (Card Sound Bridge, FL to Jupiter Inlet, FL) Florida + Southern Atlantic + Northern Atlantic (AL/FL Border 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) |
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| Ticker Symbols | HGM = Gulf Coast HFM = Florida HSS = Southern Atlantic Coast HNM = Northern Atlantic Coast HXM = Eastern U.S. GFM = Gulf + Florida HDM = Florida Gold Coast HAM = Florida + Southern Atlantic + Northern Atlantic HPM = CHI-Cat-In-A-Box − Galveston-Mobile |
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| Termination of Trading | First business day that is at least five calendar days following December 31; 9:00 a.m. | ||||
| Strike Price Interval | N/A | ||||
| Exercise | N/A | ||||
| Settlement Procedure | Daily Hurricane Seasonal Maximum Futures Settlement Procedure (PDF) | ||||
| Settlement | All futures contracts remaining open at the termination of trading shall be settled using the respective CHI seasonal maximum final value reported by MDA EarthSat, 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 MDA EarthSat, Inc. |
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| 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. | ||||