Chapter 311
Canadian Dollar/Japanese Yen (CAD/JPY) Cross Rate Futures
31100.

SCOPE OF CHAPTER
This chapter is limited in application to Canadian dollar/Japanese yen cross rate futures. Inaddition to this chapter, Canadian dollar/Japanese yen cross rate futures shall be subject to thegeneral 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.

31101.

TRADING SPECIFICATIONS
31101.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.
31101.B.
Trading Unit
The unit of trading shall be 200,000 Canadian dollars.
31101.C.
Quote Basis
Bids and offers shall be quoted in terms of Japanese yen per Canadian dollar, significant to two
decimal places, e.g., 81.18.
31101.D.
Price Increments
For trades executed on CME Globex electronic trading platform, minimum price fluctuations shallbe in multiples of .01 Japanese yen per Canadian dollar, equivalent to 2,000 Japanese yen percontract. Trades may also occur in multiples of .005 Japanese yen per Canadian dollar, commonlyreferred to as one-half tick, for CAD/JPY futures intra-currency spreads executed as simultaneoustransactions pursuant to Rule 542. For transactions submitted through CME ClearPort, theminimum price fluctuation shall be .001 Japanese yen per Canadian dollar.
31101.E.
[Reserved]
31101.F.
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.
31101.G.
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.
31101.H.
Termination of Trading
Futures trading shall terminate on the second Business Day immediately preceding the third
Wednesday of the contract month. If the foregoing date for termination is a bank holiday inChicago 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.
31101.I.
[Reserved]© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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31102.

SETTLEMENT PROCEDURES
31102.A.
Physical Delivery
1. Procedures
In addition to the procedures and requirements contained in this chapter, physical delivery
procedures shall be governed by the rules set forth in Chapter 7.
Canadian dollar/Japanese yen cross rate futures traded pursuant to Chapter 311 shall be deliveredin banks designated by the Exchange. Buyers of the Canadian dollar/Japanese yen cross rate
futures contract shall deliver the minimum-fluctuation currency (Japanese yen) and receive thetrading-unit currency (Canadian dollar). Sellers of the Canadian dollar/Japanese yen cross ratefutures contract shall deliver the trading-unit currency (Canadian dollar) and receive the minimumfluctuation currency (Japanese yen).
2. Delivery Days
Delivery shall be made on the third Wednesday of the contract month. If that day is not a Business
Day in both countries of delivery or is a bank holiday in either Chicago or New York City, thendelivery shall be made on the next day which is a Business Day in both countries of delivery and is
not a bank holiday in Chicago or New York City.
31102.B.
[Reserved]

31103.

[RESERVED](End Chapter 311)

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

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