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Seasonal Strip Rainfall Futures
 
 
Seasonal Strip Rainfall Index Futures
Contract Size $500 times the respective Seasonal Strip Rainfall Index
Product Description Rainfall (inches) for US Cities
Pricing Unit Dollars per index point
Tick Size (minimum fluctuation) 0.1 index point (= $50 per contract)
Hours CME Globex (Electronic Platform): SUN 5:00 p.m. - FRI 3:15 p.m.
Daily trading halts 3:15 p.m. - 5:00 p.m.
Last Trade Date/Time
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Second Exchange business day after the calendar month defined strip, 9:00 a.m.
Contract Months Minimum of two, and maximum of eight, consecutive calendar months, Mar-Oct
Settlement Procedure Daily Settlement Procedure for Seasonal Rainfall Futures (PDF)
Final Settlement Procedure for Seasonal Rainfall Futures (PDF)
Position Limits All months combined: 10,000 contracts - See CME Rule 44202.D.
Ticker Symbols CME Globex (Electronic Platform): View Product Codes
View Vendor Codes
Rulebook Chapter 442
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
 
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