order, the contract interest rate, the contract price mechanism, the schedule of contract delivery months and last trading days, minimum price increments for trading, and contract size. Exhibit 1 – CME Three-Month Eurodollar Futures Contract Specifications (All times of day are Chicago time unless otherwise noted.)12 By contrast, the adjacent Quarterly Standard option on CME Three-Month Eurodollar futures scheduled to expire in September, would be exercisable into the expiring September Three-Month Eurodollar futures contract, which comes to final settlement on the same day as the option comes to expiration, final exercise, and assignment. One-quarter of one basis point (0.0025) or $6.25 per contract. Expiring contracts are cash settled to 100 minus the ICE Benchmark Administration survey of 3-month U.S. Dollar LIBOR on the last trading day. Let’s assume that on Sept. 1, the December eurodollar futures contract price was exactly $96.00, implying an interest rate of 4.0%, and that at the expiry in December, the final closing price is Contract Months: All 12 months. First Notice Day: Cash settled on last trading day of contract. Last Trading Day: Futures trading shall terminate at 11:00 a.m. (London Time) 5:00a.m. (Chicago Time on the second London bank business day before the third Wednesday of the contract month. Trading Hours: Globex: Mon/Thurs 5:00 pm - 4:00 pm; Contract Specifications The Profile page gives you general information about a symbol, whether it's about the company or the contract. Barchart shows different data on the Profile page, depending on the symbol's asset type. Eurodollar Contract Specifications: Underlying Unit: Eurodollar Time Deposit having a principal value of USD $1,000,000 with a three-month maturity. Price Quote: Quoted in IMM Three-Month LIBOR index points or 100 minus the rate on an annual basis over a 360 day year (e.g., a rate of 2.5% shall be quoted as 97.50). 1 basis point = .01 = $25. Tick Size
Contract Unit, Eurodollar interbank deposit having approximately $1 million principal value, for three-month term to maturity, for spot settlement on the 3rd
Contract Unit, Eurodollar interbank deposit having approximately $1 million principal value, for three-month term to maturity, for spot settlement on the 3rd Quoted in IMM Index points. One-quarter of one basis point (0.0025 IMM Index point = $6.25) for option whose underlying futures contract is the nearest expiring 6 Apr 2018 The tick size (minimum fluctuation) is one-quarter of one basis point (0.0025 = $6.25 per contract) in the nearest expiring contract month and one- Contract, EuroDollar. Exchange, CME. Tick Size, 0.005 points ($12.50 per contract). Daily Limit, None. Contract Size, $1,000,000. Trading Months, All Months. Market Specifications. Trading Screen Product Name: Eurodollar Futures; Trading Screen Hub Name: ICEU; Commodity Code. ED. Contract Series. Mar, Jun Eurodollar futures provide a valuable, The final settlement price of Eurodollar futures is EURODOLLAR FUTURES COnTRACT SPECIFICATIOnS. IR251/00/ A common use for Eurodollar futures contracts is for a company or a bank to secure the current interest rate on money it Eurodollar Contract Specifications
Contract Specifications (such process being described as “re- novation”) Contract Specifications; or b. SGX Three (3) Month Eurodollar Futures Contract b.
The Eurodollar futures contract represents an interest rate on a three-month deposit of $1 million. The Eurodollar futures contract is now one of the most actively traded commodity futures contract in the world.
Eurodollar futures contract as synthetic loan. A single Eurodollar future is similar to a forward rate agreement to borrow or lend US$1,000,000 for three months starting on the contract settlement date. Buying the contract is equivalent to lending money, and selling the contract short is equivalent to borrowing money.
On September 22, CME Group launched Eurodollar Bundle futures and options, offering exciting new ways to trade long-dated Contract specifications:. New Zealand Dollar Rand Any-day Currency Futures Contract Specification, New Zealand JSE offers Quanto Currency Futures for Euro/Dollar exposure The ZE contract size is simply one futures contract. Eurodollar futures options consist of. American-style. 2 call and put. 3 options written on the underlying ED Contract Specifications. Month codes for futures contracts are as follows: Jan F Feb G Mar H Apr MICRO E-MINI NASDAQ 100 FUTURES. 50 EURODOLLAR FUTURES. 500 Specs. All In Rates1. (License Level). Product. Group. Product. Code. Product. Contract Specifications (such process being described as “re- novation”) Contract Specifications; or b. SGX Three (3) Month Eurodollar Futures Contract b.
Eurodollar Futures Market News and Commentary. Dec 10-year T-notes (ZNZ19) on Friday closed up +2.5 ticks and the 10-year T-note yield fell -0.8 bp to 1.550%. Dec T-notes recovered from a 2-week low Friday and moved higher on strength in German bunds along with a disappointing U.S. Aug non-farm payrolls report.
This article explains the contract specifications and quoting conventions of the Eurodollar products listed at the Chicago Mercantile Exchange (CME). Further On September 22, CME Group launched Eurodollar Bundle futures and options, offering exciting new ways to trade long-dated Contract specifications:. New Zealand Dollar Rand Any-day Currency Futures Contract Specification, New Zealand JSE offers Quanto Currency Futures for Euro/Dollar exposure The ZE contract size is simply one futures contract. Eurodollar futures options consist of. American-style. 2 call and put. 3 options written on the underlying ED