ICE OTC

Markit iTraxx Sovx CEEMEA® EXEU

Markit iTraxx Sovx CEEMEA® EXEU33257753

Description

Up to twelve (12) of the most liquid sovereign entities from Central & Eastern European, Middle Eastern and African countries (excluding countries that are European Union member states, or are expected to become European Union member states during the 6 month period following the creation of a new index series), as published by Markit®; from time to time

Market Specifications

Rule Number
1243
Commodity Code
ITRX.SOVX.CEEMA.EXEU
Currency
USD
Min Notional
Order Book: 5,000,000
Block Trades: In accordance with Rule 701(k)
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: 5,000,000
All other execution methods: As agreed by counterparties
Contract Series
March and September; one or two months listed at all times
Price Quotation
Basis points
Minimum Price Fluctuation
The price quotation convention shall be .0001 basis point (bps); 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.
Position Limit
None
Daily Price Limit
None
Block Trades
Yes
NCR and RL
Variable by contract type and price. See Error Trade Policy for more details.
MIC Code
ICES
Clearing Venues
Bilateral

Trading Hours

CityTradingPre-Open
New York2:00 AM - 5:30 PM
02:00 - 17:30

London7:00 AM - 10:30 PM
07:00 - 22:30

Singapore3:00 PM - 6:30 AM
15:00 - 06:30

Codes

Clearing Admin Name
Physical
Logical
GMI(FC)
R&N A.C.N.