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 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
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