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 | Sunday - Friday 6:00 p.m. - 5:00 p.m.ET (5:00 p.m. - 4:00 p.m. CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period. | ||||
| Minimum Price Fluctuation |
Nearby expiry: 1/4 of one interest rate basis point / 0.0025 price points = $6.25 All other expiries: 1/2 of one interest rate basis point / 0.005 price points = $12.50 The new nearby expiry begins trading at 0.0025 price points on the last trading day of the current nearby expiry. |
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| Product Code | CME Globex: GECME ClearPort: EDClearing: ED | ||||
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 40 consecutive quarters and the nearest 4 serial contract months. List a new quarterly contract for trading on the last trading day of the nearby expiry. | ||||
| Settlement Method | Financially Settled | ||||
| Termination Of Trading | Trading terminates at 11;00 a.m. London time on the 2nd London business day prior to the 3rd Wednesday of the contract month. | ||||
| 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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