South African Rand
Futures and Options
ZAR/USD Monthly Options - Contract Specs
Contract Unit | One futures contract for 500,000 South African rand |
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Minimum Price Fluctuation | .00001 per South African rand increments = $5.00 per contract. |
Price Quotation | U.S. dollars and cents per South African rand increment |
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: RO CME ClearPort: RA Clearing: RA |
Listed Contracts | Monthly contracts listed for 12 consecutive months |
Settlement Procedures | Option on physical delivery futures contract |
Termination of Trading | Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month. |
Position Limits | |
Exchange Rulebook | |
Block Minimum | |
Price Limit or Circuit | |
Vendor Codes | |
Strike Prices Strike Price Interval | |
Exercise Procedure | European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed. In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned. An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put. |
Settlement Method | Deliverable |
Underlying | South African Rand/U.S. Dollar (ZAR/USD) Futures |