|Contract Unit||One futures contract for 100,000 New Zealand dollars|
|Minimum Price Fluctuation||
0.0001 per New Zealand dollar increment = $10.00.
0.00005 per New Zealand dollar increment = $5.00) for premium below 0.0005
|Price Quotation||U.S. dollars and cents per New Zealand dollar 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||Open Outcry:||7:20 a.m. - 2:00 p.m. CT|
|Product Code||CME Globex: 6NCME ClearPort: NEOpen Outcry: ZNClearing: NE|
|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 a physically delivered futures contract|
|Termination Of Trading||Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 258A|
|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.
|Underlying||New Zealand Dollar/U.S. Dollar (NZD/USD) Futures|