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: BRCME ClearPort: BROpen Outcry: ORClearing: 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 |
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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 |