Chapter 447
Micro Ether Euro Futures
44700.

SCOPE OF CHAPTER
This chapter is limited in application to Micro Ether Euro Futures. In addition to this chapter, futures
shall be subject to the general rules and regulations of the Exchange as applicable.

44701.

CONTRACT SPECIFICATIONSEach futures contract shall be valued at 0.10 ether as defined by the CME CF Ether Euro Reference
Rate (“ETHEUR_RR”).

44702.

TRADING SPECIFICATIONS
44702.A.
Trading Schedule
Futures contracts shall be scheduled for trading during such hours and for delivery in such months
as may be determined by the Exchange.
44702.B.
Trading Unit
The unit of trading shall be 0.10 ether.
44702.C.
Price Increments
The minimum price increment shall be €0.50 per ether, equal to €0.05 per contract, except forintermonth spreads executed pursuant to Rule 542.A., for which the minimum price increment shallbe €0.10 index points, equal to €0.01 per intermonth spread.
44702.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
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.
44702.E. Price Limits and Trading HaltsAt the commencement of each Trading Day, the contract shall be subject to special price fluctuation
limits and daily price limits as set forth in Rule 589 and in the Special Price Fluctuation Limits andDaily Price Limits Table in the Interpretations & Special Notices Section of Chapter 5.
44702.F. Termination of Trading
Trading in expiring futures shall terminate at 4 p.m. London time on the last Friday of the contract
month if that day is a business day in either the UK or the US. If that day is not a business day inboth the UK and the US, trading shall terminate on the preceding day that is a business day in either
the UK or the US.

44703.

SETTLEMENT PROCEDURES
Delivery shall be by cash settlement.
44703.A.
Final Settlement Price
For a futures contract for a given delivery month, the Final Settlement Price shall be the ETHEUR_RR
published at 4 p.m. London time on the Last Trade Date (Rule 44702.F.). Revision to the publishedETHEUR_RR shall be received prior to 23:59:59 London Time on the Last Trade Date. Thereafter,
the final settlement futures price shall be deemed final.
In the event that the ETHEUR_RR is not publishable or published on the CME Micro Ether Eurofutures Termination of Trading Day, and therefore, CME cannot determine the CME Micro Ether EuroFinal Settlement Price, then final settlement of the CME Micro Ether Euro futures contract is at thediscretion of the Exchange and may be deferred or postponed for up to 14 consecutive calendardays.

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44703.B. Final Settlement
Clearing members holding open positions in an expiring futures contract at its termination of trading(Rule 44702.F.) shall make payment to or receive payment from the Clearing House in accordancewith normal variation margin procedures based on such expiring contract’s Final Settlement Price(Rule 44703.A.).
In the event of a hard fork, Micro Ether Euro futures shall continue to settle to the ETHEUR_RR
corresponding to the original token pair (ETH:EUR). The Exchange may, in its sole discretion, takealternative action with respect to hard forks in consultation with market participants as may beappropriate.

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

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