- Rule Number
1222
- Contract Symbol
CDX.NA.HY
- Currency
USD
- Min Notional
Order Book: 1,000,000
Block Trades: In accordance with Rule 701(k)
All other execution methods: As agreed by counterparties
- Max Notional
Order Book: 250,000,000
All other execution methods: As agreed by counterparties
- Min Notional Increment
Order Book: 100,000
All other execution methods: As agreed by counterparties
- Contract Series
March and September; one or two months listed at all times
- Price Quotation
Index Points
- Minimum Price Fluctuation
The price quotation convention shall be .0001 index points; minimum
price fluctuation may vary by trade type
- Listing Cycle
Tenors of 1 through 10 Years based on liquidity
- Series
All Series, initiated with series 1
- Roll Date
September 27 (or the Business Day immediately thereafter) and March
27 (or the Business Day immediately thereafter) of each calendar
year
- First Trading Day
Date of contract listing
- Last Trading Day
Each index series with a Roll Date of September 27 shall have a
maturity date of December 27 (or the first Business Day thereafter
if December 27 is not a Business Day) occurring up to 10 years
following the Roll Date.
- Final Settlement
Cash settlement at expiration based upon the relevant clearing
house daily settlement price of the cleared swap on the
corresponding swap series on the last trading day of the expiring
contract
- Settlement Date
Last Trade Date
- Position Limit
None
- Daily Price Limit
None
- Off Exchange Trade Types
Yes
- NCR and RL
Variable by contract type and price. See Error Trade Policy for
more details.
- MIC Code
- ICES
- Clearing Venues
- ICC