BRL/USD Weekly Friday 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 - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
	Open Outcry:	7:20 a.m. – 2:00 p.m Central Time (CT)
	CME ClearPort:	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
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 - Friday: 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 p.m. CT)
	CME ClearPort:	Sunday - Friday; 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 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

Quick Links

Tools

Daily Reports and Settlements

Final Settlements

Product Related

CME ClearPort

FAQ: FX EFRP & Block Trades

Resources

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs).
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

Markets Home

Market Data Home

Clearing Home

Technology Home

Education Home