Mortgage Rate (OB30C) futures - Contract Specs
| Contract Unit | $5,000 x Contract index |
|---|---|
| Price Quotation | Price Quotation: Contract index = 100 - R R = arithmetic average of the Optimal Blue Mortgage Market Indices (OBMMI) 30-Year Conforming Fixed Rate Index over the 5 business days leading up to and including the Last Trade Date. |
| 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: 0.005 index points (1/2 basis point per annum) = $25 CALENDAR SPREAD 0.0025 index points = $12.50 |
| Product Code | CME Globex: MGE CME ClearPort: MGE Clearing: MGE |
| Listed Contracts | Monthly contracts listed for 6 consecutive months. |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates on SIFMA Class A 30-Yr UMBS Monthly Settlement Day. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| All or None Minimum | |
| Vendor Codes |
