Eurodollar Futures Contract Specs
| Contract Unit | $2,500 x Contract IMM Index | ||||
| Price Quotation | Contract IMM Index = 100 minus R R = three-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. |
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| Trading Hours | SUN - FRI: 5:00 p.m. - 4:00 p.m. CT | ||||
| Minimum Price Fluctuation |
Nearest expiring contract month: All other contract months: The “new” nearest contract begins trading in 0.0025 increments on the same trade date as the last trading day in the expiring “old” nearest contract. |
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| Product Code | CME Globex: GECME ClearPort: EDClearing: ED | ||||
| Listed Contracts | Nearest 40 months (i.e., 10 years) in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 4 “serial” months not in the March Quarterly cycle. The new March Quarterly contract month for delivery 10 years hence is listed on the expiration day of the nearby quarterly contract month. For example, if GEZ17 terminates trading on Mon, 18 Dec at 5am CT, then GEZ27 is listed for trading at 5pm CT on Sun, 17 Dec at 5pm CT, for first trade date of Mon, 18 Dec. | ||||
| 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 | Eurodollar Future Settlement Procedures | ||||
| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 452 | ||||
| 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 | ||||
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