Chapter 273
Turkish Lira/U.S. Dollar (TRY/USD) Futures
27300.

SCOPE OF CHAPTER
This chapter is limited in application to Turkish lira/U.S. dollar futures. In addition to this chapter,
Turkish lira/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.

27301.

27302.

TRADING SPECIFICATIONS
27301.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.
27301.B.
Trading Unit
The unit of trading shall be 1,000,000 Turkish lira.
27301.C.
Price Increments
For trades executed on CME Globex electronic trading platform, minimum price fluctuations shall be inmultiples of 0.000005 U.S. dollars per Turkish lira, equivalent to 5 U.S. dollars per contract. Trades
may also occur in multiples of 0.000001 U.S. dollars per Turkish lira for Turkish lira/U.S. dollar(TRY/USD) futures intra-currency spreads executed as simultaneous transactions pursuant toRule 542. For transactions submitted through CME ClearPort, the minimum price fluctuation shall be
0.0000005 U.S. dollars per Turkish lira.
27301.D.
Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels, are set
forth in the Position Limit, Position Accountability and Reportable Level Table in the Interpretations &Special Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shall apply tothe 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.
27301.E.
[Reserved]
27301.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.
27301.G.
Termination of Trading
Futures trading shall terminate at 4:00 p.m. London time on the second Business Day immediately
preceding the third Wednesday of the contract month. If the foregoing date for termination is a bankholiday in Chicago or New York City, futures trading shall terminate on the next preceding BusinessDay common to Chicago and New York City banks and the Exchange.
27301.H.
[Reserved]
SETTLEMENT PROCEDURES
27302.A.
Physical Delivery
1. Procedures
In addition to the procedures and requirements contained in this chapter, delivery procedures shall begoverned 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© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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made on the next day which is a Business Day in the country of delivery and is not a bank holiday inChicago or New York City.
27302.B.
[Reserved]
27303.

[RESERVED](End Chapter 273)

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

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