| 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. |
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| Last Trade Date/Time View Calendar |
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) |
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| 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 |
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| Rulebook Chapter | 442 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||