- Trading Screen Product Name
- ICE U.S. Conforming 30-Yr Fixed Mtg Rate Lock Weighted APR Index Futures
- Trading Screen Hub Name
- ICUS
- Contract Size
$5,000 x Index Price Quotation
- Contract Series
6 consecutive monthly contracts
- Price Quotation
100 minus the numerical value of the Reference Rate
One interest rate basis point = 0.01 price points = $50 per
contract.
- Reference Rate
ICE U.S. Conforming 30-Year Fixed Mortgage Rate Lock Index
(LRC30FIX)
- Tick Size
0.005, equal to $25.00 per contract.
(Block and EFRP Trades can be priced at .001 Index point
increments)
- Trading Hours
8:00 pm to 6:00 pm (6:00 pm open on Sunday evening)
Preopen starts 30 minutes prior to the start of trading.
- Last Trading Day
- Contract Symbol
30C
- Daily Settlement Window
14:58 to 15:00 NY time
- Final Settlement
Cash Settlement.
Final Settlement Price is equal to 100 minus the numerical value of
the Reference Rate on the Last Trading Day, rounded to the nearest
three decimal places.
- Position Accountability and Limit Levels
Position Accountability Level, single month – TBD
Position Limit, All Months Combined – TBD
- Daily Price Limit
None
- Off Exchange Trade Types
Block Enabled, 5 lot Block Minimum Quantity
EFP
EFS
- IPL Levels
IPL Amount: 0.25 Index Points (25 Basis Points)
Recalc Time: 3 Seconds; Hold time: 5 seconds
- NCR and RL
No Cancellation Range: .075 Index Points (7.5 Basis Points)
Reasonability Level: 0.10 Index Points (10 Basis Points)
CSLOR: .075 Index Points (7.5 Basis Points)
- Fees
Screen, Block and EFRP Trades: $1.00 per side
- MIC Code
- IFUS
- Clearing Venues
- ICUS