Normal Daily Settlement
The daily settlements of SEK/USD futures (SEK) are determined by CME Group staff based on trading activity on CME Globex and relevant information available in the cash market.
The lead month* is the expiry month and the contract expected to be the most active.
Tier 1: If three or more contracts trade in the lead month occur on CME Globex between 13:59:30 and 14:00:00 CT, the settlement period, then the contract settles to the volume-weighted average price (VWAP) of trades occurring during this 30-second period.
Tier 2: If trades do not occur on CME Globex between 13:59:30 and 14:00:00 CT, then CME staff uses quote vendor spot rates and forward points to International Monetary Market (IMM) dates to determine the lead contract’s synthetic daily settlement.
All back months will settle to interpolated prices from WM Reuters. The settlements will be normalized against the Lead Month settle vs. the interpolated price for the lead month from WM Reuters. All settlements for back months will be validated against any spread markets involving the lead month.
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Normal Final Settlement
The settlement price for the expiring SEK/USD (SEK) futures contract is determined by CME Group staff using the spot rate disseminated at 09:16 A.M. Central Time (CT) on the last day of trading.
SEK/USD (SEK) futures are physically delivered upon expiration. For additional details on delivery, please see the CME Rulebook (Chapter 265).
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