Chapter 261
Euro/U.S. Dollar (EUR/USD) Futures
26100.

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

26101.

TRADING SPECIFICATIONS
26101.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.
26101.B.
Trading Unit
The unit of trading shall be 125,000 Euro.
26101.C.
Price Increments
For trades executed on CME Globex electronic trading platform, minimum price fluctuations shallbe in multiples of $.00005 per Euro, equivalent to $6.25 per contract. Trades may also occur inmultiples of $.00002 per Euro for Euro/U.S. dollar futures intra-currency spreads executed assimultaneous transactions pursuant to Rule 542. For transactions submitted through CME
ClearPort, the minimum price fluctuation shall be $0.00001 per Euro.
26101.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 Market
Regulation 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.
26101.E.
[Reserved]
26101.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.
26101.G.

Termination of Trading

Futures trading shall terminate on the second Business Day immediately preceding the third
Wednesday of the contract month. If this date for termination of trading is not separated from thedelivery day by at least one Business Day for the Eurosystem real-time gross settlement systemfutures trading shall terminate on the next preceding Business Day. If the date for termination of© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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trading defined above 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 theExchange.
26101.H.
[Reserved]
26102.

SETTLEMENT PROCEDURES

26102.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 Business
Day in the country of delivery or is a bank holiday in either Chicago or New York City, then delivery
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.
26102.B.
[Reserved]
26103.

[Reserved]

26104.

[Reserved]

26105.

[Reserved]

26106.

BASIS TRADE AT INDEX CLOSE (“BTIC”) TRANSACTIONSAll BTIC transactions must be executed in accordance with the requirements of Rule 524.B.
In respect of BTIC transactions in Euro/U.S. Dollar (EUR/USD) Futures contracts, the reference
index shall be the mid-rate of the WM/Refinitiv London 4:00 p.m. Closing Spot Rate for EUR/USD(the “Index”).
26106.A.

Block Trade Requirements

BTIC block trades must be executed in accordance with the requirements of Rule 526. For a BTICor BTIC block trade executed on a given Trading Day on or before the commencement of theassessment period of the Index, the corresponding futures price shall be made by reference to theIndex closing value for the current Trading Day. For a BTIC or BTIC block trade executed on agiven Trading Day after the commencement of the assessment period of the Index, thecorresponding futures price shall be made by reference to the Index closing value for the next
Trading Day.
26106.B.

Price Assignment Procedures

The price assignment procedures for BTIC transactions shall follow Rule 524.B.3.
26106.C.

Minimum Price Increments

Bids and offers shall be quoted in U.S. dollars per Euro. For trades executed on CME Globex
electronic trading platform, minimum price fluctuations shall be in multiples of $0.000005 per Euro,equivalent to $0.625 per contract. For transactions submitted through CME ClearPort, theminimum price fluctuation shall be $0.000001 per Euro. For avoidance of doubt, a BTIC transaction
may trade at positive or negative values, or at a value of zero, in accordance with Rules 524.B.

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INTERPRETATIONS & SPECIAL NOTICES RELATING TO CHAPTER 261
The WM/Refinitiv Closing Spot Rates are provided by Refinitiv. Refinitiv shall not be liable for anyerrors in or delays in providing or making available the WM/Refinitiv Spot Rates, nor for any actions
taken in reliance on the same. The Closing Spot Rates cannot be used, reproduced, distributed,redistributed, licensed or disclosed in any way without a written agreement with Refinitiv.

(End Chapter 261)

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