|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.
|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||
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.
|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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