PBOT
World Currency Futures
Product Specifications
Euro
Description: U.S. dollar-settled
Euro currency futures are quoted in terms of U.S. dollars per
unit of the underlying currency (Euro).
Contract Size: 10,000 Euros
Ticker Symbol: Base = EU9
Contract Listings: Three months
from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15
p.m., Eastern Time
Trading Platform: PBOT XLSM
Minimum Price Intervals/ Dollar Value Per
Tick: Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement
price will be the 4:15 p.m., Eastern Time PHLX modified spot Euro
(PHLX spot Euro (XDE)) / 100.
Last Trading Day: The third Friday
of the expiration month, or if that day is not a business day,
then on the prior business day.
Settlement: Cash settlement in
USD. Settlement of currency futures contracts will result in the
delivery of a cash settlement on the Final Settlement Date. The
cash settlement amount on the Final Settlement Date shall be the
final mark to market amount against the final settlement price
multiplied by 10,000.
Final Settlement Date: The first
day on which The Options Clearing Corporation is open for settlement
following the last day of trading.
Final Settlement Price: The Final
Settlement Price for foreign currency futures contracts shall
be the day's announced Noon Buying Rate, as determined by the
Federal Reserve Bank of New York on the Last Trading Day. If the
Noon Buying Rate is not announced by 5:00 p.m., Eastern Time,
the Final Settlement Price will be the most recently announced
Noon Buying Rate unless the Exchange determines to apply an alternative
Final Settlement Price as a result of extraordinary circumstances.
Large Trader Reporting Level: 400
Contracts
Block Trade Threshold: 100 Contracts
Margin Levels:
| |
Initial Margin |
Maintenance |
| Speculative |
$136 |
$136 |
| Hedge |
$136 |
$136 |
| Calendar Spread Margin |
$2 |
$2 |
Issuer and Guarantor: The Options
Clearing Corporations
|
