Chapter 316
Hungarian Forint/Euro (HUF/EUR) Cross Rate Futures
31600.

SCOPE OF CHAPTER

0B

This chapter is limited in application to Hungarian forint/Euro cross rate futures. In addition to thischapter, Hungarian forint/Euro cross rate 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.

31601.

TRADING SPECIFICATIONS

1B

31601.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.
31601.B.
Trading Unit
The unit of trading shall be 30,000,000 Hungarian forint.
31601.C.
Quote Basis
Bids and offers shall be quoted in terms of Euro per Hungarian forint, significant to seven decimal
places, e.g., .0038442 Euro per Hungarian forint.
31601.D.
Price Increments
Minimum price fluctuations shall be in multiples of .0000002 Euro per Hungarian forint, equivalent
to 6 Euro per contract. Trades may also occur in multiples of .0000001 Euro per Hungarian forint,
commonly referred to as one-half tick, for HUF/EUR futures intra-currency spreads executed assimultaneous transactions pursuant to Rule 542.
31601.E.
[Reserved]
31601.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 applyto 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.
31601.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.
31601.H.
[Reserved]
31601.I.
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.
31601.J.
[Reserved]
4B

5B

6B

7B

8B

9B

10B

1B

12B

2B

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

Page 1 of 2

31602. SETTLEMENT PROCEDURES
31602.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.
Hungarian forint/Euro cross rate futures traded pursuant to Chapter 316 shall be delivered in banks
designated by the Exchange. Buyers of the Hungarian forint/Euro cross rate futures contract shalldeliver the minimum-fluctuation currency (Euro) and receive the trading-unit currency (Hungarianforint). Sellers of the Hungarian forint/Euro cross rate futures contract shall deliver the trading-unit
currency (Hungarian forint) and receive the minimum-fluctuation currency (Euro).
2. Delivery DaysDelivery 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.
31602.B.
[Reserved]
13B

14B

31603.
3B[RESERVED](End Chapter 316)

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

Page 2 of 2