Micro INR/USD Futures - Contract Specs
| Contract Unit | 1,000,000 INR (≈ USD $15,728 as of June 18, 2015) (10 lakh) |
|---|---|
| Price Quotation | U.S. Cents per 100 Indian Rupees (e.g., 154.40 / 154.41 U.S. Cents per 100 Indian Rupees) |
| Trading Hours | CME Globex: Sunday: 5:00 p.m. - 4:00 p.m. CT next day. Monday - Friday: 5:00 p.m. - 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT. CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. - 6:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 U.S. cents per 100 INR increments ($1.00/tick). Also, trades can occur in 0.005 U.S. cents per 100 INR increments ($0.50/contract) for INR/USD futures intracurrency spreads executed on CME Globex®. |
| Product Code | CME Globex: MIR CME ClearPort: MIR Clearing: MIR |
| Listed Contracts | Monthly contracts listed for 12 consecutive months. |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates at 12:00 noon Mumbai time two Indian business days immediately preceding the last Indian business day of the contract month. |
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| Exchange Rulebook | |
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