New Zealand Dollar
Futures and Options
NZD/USD Monthly Options - Contract Specs
| Contract Unit | One futures contract for 100,000 New Zealand dollars |
|---|---|
| Minimum Price Fluctuation | 0.0001 per New Zealand dollar increment = $10.00. 0.00005 per New Zealand dollar increment = $5.00) for premium below 0.0005 |
| Price Quotation | U.S. dollars and cents per New Zealand dollar 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: 6N CME ClearPort: NE Clearing: NE |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months |
| Settlement Procedures | Option on a physically delivered 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 Style | 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 | New Zealand Dollar/U.S. Dollar (NZD/USD) Futures |
