### CHF/JPY Futures

#### Normal Daily Settlement

The settlement in the CHF/JPY (SJY) Cross Rate futures contract is derived by dividing the settlement in the corresponding CHF/USD (6S) contract by the settlement in the corresponding JPY/USD (6J) contract, and then rounding to the nearest tradable tick.

**Example**

If the 6SU2 settles 1.0170, and the 6JU2 settles .012619, then the value of the SJYU2 would be 80.5928 (1.0170 / .012619 ≈ 80.5928) . This number would then be rounded up, to the nearest tradable tick, to a settlement price of 80.595.

#### Normal Final Settlement

The final settlement in the CHF/JPY (SJY) Cross Rate futures contract is derived by dividing the final settlement in the corresponding CHF/USD (6S) contract by the final settlement in the corresponding JPY/USD (6J) contract, and then rounding to the nearest tradable tick.

**Example**

If the 6SH3 settles 1.0595, and the 6JH3 settles .010530, then the value of the SJYH3 would be 100.6173 (1.0595 / .010530 ≈ 100.6173 ) . This number would then be rounded to the nearest tradable tick, to a final settlement price of 100.615.

The final settlement procedure for the individual CHF/USD (6S) and JPY/USD (6J) contracts can be found at the following links:

**Additional Details**

CHF/JPY (SJY) Cross Rate futures are physically delivered upon expiration. For additional details on delivery, please see the CME Rulebook (Chapter 307).

**If you have any questions, please call the CME Global Command Center.**

** Note:** In the event the aforementioned calculations described in this advisory cannot be made or if CME Group staff, in its sole discretion, determines that anomalous activity yields results that are not representative of the fair value of the contract, the staff may determine an alternative settlement price.