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ILS/USD Monthly Options Contract Specs

Options
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