BRL/USD MONTHLY OPTIONS - CONTRACT SPECS

Contract Unit	One futures contract for 100,000 Brazilian reals
Minimum Price Fluctuation	$.00005 per Brazilian real increments ($5.00/contract).
Trading Hours	CME Globex:	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
	Open Outcry:	7:20 a.m. – 2:00 p.m Central Time (CT)
	CME ClearPort:	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code	CME Globex: BR CME ClearPort: BR Open Outcry: OR Clearing: BR
Listed Contracts	Twelve consecutive contract months
Settlement Procedures	Option on cash-settled futures contract To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.²
Termination Of Trading	On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate).
Position Limits	CME Position Limits
Exchange Rulebook	CME 257A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Brazilian Real Futures

Contract Unit	100,000 Brazilian real
Minimum Price Fluctuation	0.00005 per Brazilian real = $5.00
Price Quotation	U. S. dollars per Brazilian real
Trading Hours	CME Globex:	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
	CME ClearPort:	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
	Open Outcry:	Monday - Friday 7:20 a.m. – 2:00 p.m. Central Time (CT)
Product Code	CME Globex: 1R,2R,3R,4R,5R CME ClearPort: 1R,2R,3R,4R,5R Open Outcry: 1R,2R,3R,4R,5R Clearing: 1R,2R,3R,4R,5R
Listed Contracts	Weekly contracts listed for 4 consecutive weeks
Settlement Procedures	Option on cash-settled futures contract To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2
Termination Of Trading	Trading terminates at 4:00 p.m. São Paulo time on the Friday of the contract week. If that is not a Brazilian or U.S. business day, then trading terminates at 4:00 p.m. São Paulo time on the business day prior to Friday.
Position Limits	CME Position Limits
Exchange Rulebook	CME 257A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Brazilian Real Futures

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