Contract Unit One futures contract for 100,000 New Zealand dollars
Minimum Price Fluctuation 0.0001 per New Zealand dollar increment = $10.00
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: Monday - Friday 7:20 a.m. – 2:00 p.m. CT
Product Code CME Globex: 1Z,2Z,3Z,4Z,5Z
CME ClearPort: 1Z,2Z,3Z,4Z,5Z
Open Outcry: 1Z,2Z,3Z,4Z,5Z
Clearing: 1Z,2Z,3Z,4Z,5Z
Listed Contracts Weekly contracts listed for 4 consecutive weeks
Settlement Procedures Option on a physically delivered futures contract
Termination Of Trading Trading terminates at 9:00 a.m. CT on Friday of the contract week.
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.
Settlement Method Deliverable
Underlying New Zealand Dollar/U.S. Dollar (NZD/USD) Futures