30-Year UMBS TBA Futures - 5.0% Coupon - Contract Specs
| Contract Unit | Face value at maturity of $100,000 |
|---|---|
| Price Quotation | Points and fractions of points with par on the basis of 100 points |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. 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 |
| Minimum Price Fluctuation | Outright: 1/4 of 1/32 of one point (0.0078125) = $7.8125 CALENDAR SPREAD 1/8 of 1/32 of one point (0.00390625) = $3.90625* * Spread block trades executed at 1/16 of 1/32 (0.001953125) can be reported by splitting quantities 50/50 across price levels of 1/8 |
| Product Code | CME Globex: 50U CME ClearPort: 50U Clearing: 50U |
| Listed Contracts | Nearest 3 calendar months at any given time |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates at 2:00 p.m. CT, 3 Exchange business day before SIFMA TBA Notification Day |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| All or None Minimum | |
| Vendor Codes | |
| Delivery Procedure | Contract months deliverable in all positions. |
| Last Delivery Date | First business day following the last trading day. |
