Brazilian Real
Futures and Options
BRL/USD Monthly Options - Contract Specs
| Contract Unit | One futures contract for 100,000 Brazilian reals |
|---|---|
| Minimum Price Fluctuation | 0.00001 per Brazilian real increment = $1.00 |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT |
| Product Code | CME Globex: BR CME ClearPort: BR Clearing: BR |
| Listed Contracts | Monthly contracts listed for 12 consecutive months |
| Settlement Procedures | Option on cash-settled futures contract To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2 |
| Termination of Trading | Trading terminates at 9:15 a.m. CT on the last business day of the month prior to the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate). |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Settlement Method | Deliverable |
| Underlying | Brazilian Real/U.S. Dollar (BRL/USD) Futures |
