Brazilian Real
Futures and Options
BRL/USD Weekly Friday Options - Contract Specs
| Contract Unit | 100,000 Brazilian real |
|---|---|
| Minimum Price Fluctuation | 0.00001 per Brazilian real = $1.00 |
| Price Quotation | U. S. dollars per Brazilian real |
| 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: 1R,2R,3R,4R,5R CME ClearPort: 1R,2R,3R,4R,5R Clearing: 1R,2R,3R,4R,5R |
| Listed Contracts | Weekly contracts listed for 4 consecutive weeks |
| Settlement Procedures | Option on cash-settled futures contract To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2 |
| Termination of Trading | Trading terminates at 4:00 p.m. São Paulo time on the Friday of the contract week. If that is not a Brazilian or U.S. business day, then trading terminates at 4:00 p.m. São Paulo time on the business day prior to Friday. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | European |
| Settlement Method | Deliverable |
| Underlying | Brazilian Real/U.S. Dollar (BRL/USD) Futures |
