| 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 x 10 = 1 tick/$1,000 |
| Contracts Traded |
At the beginning of each season storm names are used from a list, starting with A and ending with Z, maintained by the World Meteorological
Organization. In the event that more than 21 named events occur in a season, additional storms will take names from the Greek alphabet:
Alpha, Beta, Gamma, Delta, and so on |
| Locations |
Named hurricanes making landfall in the 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 |
Events begin with a one and ends with a zero (0 represents 10)
HX1-HX0 = CHI Hurricane Index storms beginning with the letters A − J
HP1-HP0 = CHI-Cat-In-A-Box − Galveston-Mobile storms A − J |
| Termination of Trading |
Trading shall terminate at 9:00 A.M. on the first Exchange business day that is at least two calendar days following the dissipation or exit from the designated area of a named storm, but in no event shall trading terminate prior to the first Exchange business day that is at least two calendar days following January 1, or later than the first business day that is at least two calendar days following December 31. If a particular named storm is unused (i.e. that storm has not formed), trading shall terminate at 9:00 A.M. on the first Exchange business day that is at least two calendar days following 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 named 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 named 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. |
