- Rule Number
1224
- Contract Symbol
CDX.NA.EM
- Currency
USD
- Min Notional
Order Book: 1,000,000
All other execution methods: As agreed by counterparties
- Max Notional
Order Book: 200,000,000
All other execution methods: As agreed by counterparties
- Min Notional Increment
Order Book: 1,000,000
All other execution methods: As agreed by counterparties
- Contract Series
Any calendar month beginning with January through December, with up
to 24 contracts listed at any given time.
- Price Quotation
Index Price
- Minimum Price Fluctuation
The price quotation convention shall be .01 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 20 (or the Business Day immediately thereafter) and March
20 (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 20 shall have a
maturity date of December 20 (or the first Business Day thereafter
if December 20 is not a Business Day) occurring up to 10 years
following the Roll Date. Each index series with a Roll Date of
March 20 shall have a maturity date of June 20 (or the first
Business Day thereafter if December 20 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
No
- NCR and RL
Variable by contract type and price. See Error Trade Policy for
more details.
- MIC Code
- ICES
- Clearing Venues
- ICC