Chapter 251
British Pound Sterling/U.S. Dollar (GBP/USD) Futures
25100.

SCOPE OF CHAPTER
This chapter is limited in application to British pound sterling/U.S. dollar futures. In addition to thischapter, British pound sterling/U.S. dollar futures shall be subject to the general rules andregulations of the Exchange insofar as applicable.
For purposes of this chapter, unless otherwise specified, times referred to herein shall refer to andindicate Chicago time.

25101.

TRADING SPECIFICATIONS
25101.A.
Trading Schedule
Futures contracts shall be scheduled for trading and delivery during such hours and in such months
as may be determined by the Exchange.
25101.B.
Trading Unit
The unit of trading shall be 62,500 British pounds sterling.
25101.C.
Price Increments
For trades executed on CME Globex electronic trading platform, minimum price fluctuations shallbe in multiples of $.0001 per British pound sterling, equivalent to $6.25 per contract. Trades may
also occur in multiples of $.00005 per British pound sterling for British pound/U.S. dollar futures
intra-currency spreads executed as simultaneous transactions pursuant to Rule 542. For
transactions submitted through CME ClearPort, the minimum price fluctuation shall be $0.00001
per British pound sterling.
25101.D.
Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels, areset forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.
A person seeking an exemption from position limits for bona fide commercial purposes shall apply
to the Market Regulation Department on forms provided by the Exchange, and the MarketRegulation Department may grant qualified exemptions in its sole discretion.
Refer to Rule 559 for requirements concerning the aggregation of positions and allowable
exemptions from the specified position limits.
25101.E.
[Reserved]
25101.F.
Special Price Fluctuation Limits
At the commencement of each trading day, the contract shall be subject to special price fluctuation
limits as set forth in Rule 589 and in the Special Price Fluctuation Limits Table in the Interpretations& Special Notices Section of Chapter 5.
25101.G.
Termination of Trading
Futures trading shall terminate on the second Business Day immediately preceding the thirdWednesday of the contract month. If the foregoing date for termination is a bank holiday in
Chicago or New York City, futures trading shall terminate on the next preceding Business Day
common to Chicago and New York City banks and the Exchange.
25101.H.
[Reserved]25102.

SETTLEMENT PROCEDURES
25102.A.
Physical Delivery
1. Procedures
In addition to the procedures and requirements contained in this chapter, delivery procedures shallbe governed by the rules set forth in Chapter 7.
2. Delivery Days
Delivery shall be made on the third Wednesday of the contract month. If that day is not a BusinessDay in the country of delivery or is a bank holiday in either Chicago or New York City, then delivery© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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shall be made on the next day which is a Business Day in the country of delivery and is not a bankholiday in Chicago or New York City.
25102.B.
[Reserved]25103.

[RESERVED](End Chapter 251)

© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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