ILS/USD Monthly Options Contract Specs

Contract Unit	One futures contract for 1,000,000 Israeli shekelim
Minimum Price Fluctuation	0.00001 per Israeli shekel increment = $10.00 0.000005 per Israeli shekel increment = $5.00 for premium below 0.00005
Price Quotation	U.S. dollars and cents per Israeli shekelim increment
Trading Hours	Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code	CME Globex: ILS CME ClearPort: IS Open Outcry: IS Clearing: IS
Listed Contracts	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 9:00 a.m. CT on the 2nd Thursday prior to the 3rd Wednesday of the contract month.
Position Limits	CME Position Limits
Exchange Rulebook	CME 269A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed. In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned. An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlement Method	Deliverable
Underlying	Israeli Shekel Futures

Contract Unit	One futures contract for 1,000,000 Israeli shekalim
Minimum Price Fluctuation	0.00001 per Israeli shekel increment = $10.00 0.000005 per Israeli shekel increment = $5.00 when premium is below 0.00005
Price Quotation	U.S. dollars and cents per Israeli shekalim increment
Trading Hours	Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code	CME Globex: IS1,IS2,IS3,IS4,IS5 CME ClearPort: IS1,IS2,IS3,IS4,IS5 Clearing: IS1,IS2,IS3,IS4,IS5
Listed Contracts	Weekly contracts listedd for 4 consecutive weeks. No weekly contract listed the same week as the quarterly or serial option expiration.
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 9:00 a.m. CT on Thursday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 269A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed. In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned. An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlement Method	Deliverable
Underlying	Israeli Shekel Futures

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