|Contract Unit||$2,500 x Contract IMM Index|
|Price Quotation||Contract IMM Index = 100 minus R
R = one-month London interbank offered rate for spot settlement on 3rd Wednesday of contract month.
E.g., a price quote of 97.45 signifies a deposit rate of 2.55 percent per annum. One interest rate basis point = 0.01 price points = $25 per contract.
|Trading Hours||SUN - FRI: 5:00 p.m. - 4:00 p.m. CT|
|Minimum Price Fluctuation||One quarter of one interest rate basis point = 0.0025 price points = $6.25 per contract.|
|Product Code||CME Globex: GLBCME ClearPort: EMClearing: EM|
|Listed Contracts||Nearest 12 calendar months|
|Settlement Method||Financially Settled|
|Termination Of Trading||Second London bank business day before 3rd Wednesday of the contract month. Trading in expiring contracts terminates at 11:00 a.m. London time on the last trading day.|
|Settlement Procedures||1-Month Eurodollar Futures Settlement Procedures|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 453|
|Block Minimum||Block Minimum Thresholds|
|Price Limit Or Circuit||Price Limits|
|All Or None Minimum||All or None Minimums|
|Vendor Codes||Quote Vendor Symbols Listing|
Learn about SOFR futures and stay informed of developments within the broader ecosystem including the latest cash issuance tied to SOFR.