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JPY/USD (6J) futures are physically delivered upon expiration. For additional details on delivery, please see the CME Rulebook (Chapter 253).

Micro USD/JPY

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Futures

Normal Daily Settlement Procedure

The settlement in the Micro USD/JPY /USD (MJYM6J) futures contract is derived directly from as the reciprocal of the settlement in the regular sized JPY/USD (6J) futures contract rounded to the nearest tradeable tick.

Example

If the 6JU5 6JU1 settles 80505, then the settlement for the corresponding micro contract, MJYU5M6JU1, would also be .00805051/.0080505 = 124.22 after rounding to the nearest tradeable tick.

Normal Final Settlement Procedure

The final settlement in the Micro USD/JPY /USD (MJYM6J)   futures contract is derived directly from as the reciprocal of the final settlement of the corresponding JPY/USD (6J)   contract rounded to the nearest tradeable tick.

Example

If the 6JU5 settles 6JU1 settles 80505, then the settlement for the corresponding Micro contract, MJYU5M6JU1, would also be .0080505.

Additional Details 

Micro JPY/USD (MJY) futures are physically delivered upon expiration. For additional details on delivery, please see the CME Rulebook (Chapter 294)1/.0080505 = 124.22 after rounding to the nearest tradeable tick.


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Settlement Disclaimer and Contact
Settlement Disclaimer and Contact

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