Eurodollar Futures

Eurodollar Futures31500928

Description

A cash settled future based on a Eurodollar Time Deposit having a principal value of USD $1,000,000 with a three-month maturity.

Market Specifications

Trading Screen Product Name
Eurodollar Futures
Trading Screen Hub Name
ICEU
Commodity Code
ED
Contract Series
Mar, Jun, Sep and Dec quarterly expirations extending out 5-years and 1 additional quarterly expiration (21 quarterly expirations), plus the two (2) nearest serial monthly expirations (months that are not in the Mar, Jun, Sep, Dec quarterly cycle).
Trading Hours
7:45pm – 5:00pm Eastern (New York) Time, Sunday – Friday. Market pre-open at 7:30pm ET, Sunday – Friday.
Last Trading Day
The second London bank business day prior to the third Wednesday of the contract expiry month, at 11:00am London time.
Contract Size
Eurodollar Time Deposit having a principal value of USD $1,000,000 with a three-month maturity.
Currency
US Dollars and cents
Trading Price Quotation
100 minus the rate on an annual basis over a 360 day year.
Tick Size
One-quarter of one basis point (0.0025) or $6.25 per contract.
Daily Settlement Price Quotation
One-quarter of one basis point (0.0025) or $6.25 per contract.
Final Settlement Price Quotation
1/100 of one basis point (0.0001) or $0.25 per contract
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products
Final Settlement
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. Final settlement will be rounded to four decimal places, equal to 1/100 of one basis point, or $0.25 per contract.
Final Payment Date
Final settlement occurs on the last trading day of the contract month.
Business Days
ICE Clear Europe Business Days
MIC Code
IFLL
Clearing Venues
ICEU
Loading...

Trading Hours

CityTradingPre-Open
New York7:45 PM - 5:00 PM*
19:45 - 17:00
7:30 PM
19:30
London12:45 AM - 10:00 PM*
00:45 - 22:00
12:30 AM
00:30
Singapore8:45 AM - 6:00 AM*
08:45 - 06:00
8:30 AM
08:30

*Next Day

Loading...

Codes

Clearing Admin Name
Eurodollar
Physical
ED
Logical
ED
GMI(FC)
S4
R&N A.C.N.
ET79