| 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 accumulated CHI for all hurricanes that occur within a specific location between January 1 and December 31 inclusive of a calendar year
Expressed in terms of the accumulated CHI-Cat-In-A-Box values 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 |
HGA = Gulf Coast
HFA = Florida
HSA = Southern Atlantic Coast
HNA = Northern Atlantic Coast
HXA = Eastern U.S.
HPA = 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 final value reported by
EQECAT, Inc. for that numbered event
All futures contracts remaining open at the termination of trading
shall be settled using the respective CHI-Cat-In-A-Box final value
reported by EQECAT, Inc. for that numbered event, using the
maximum calculated CHI value while the hurricane is within the
designated area |
| 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) |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
