ICE Eurodollar

Cash settled future based on the USD LIBOR rate for three month deposits. 
A Eurodollar refers to any United States dollar held outside the U.S. banking system. This is American currency held in off-shore accounts in other countries. 
LIBOR is the abbreviation for the London Interbank Offered Rate, which is the interest rate that banks charge each other to borrow short-term on the London interbank market. It is also used more broadly to set short-term interest rates.
== Contract Specs ==
Eurodollar Futures 	Eurodollar Futures 	Eurodollar Futures 	Eurodollar Futures
Trading Screen Product Name 	Eurodollar Futures 	Eurodollar Futures 	Eurodollar Futures
Trading Screen Hub Name 	ICEU 	ICEU 	ICEU
Contract Symbol 	ED 	ED 	ED
Contract Series 	Mar, Jun, Sep and Dec quarterly expirations extending out 5-years and 1 additional quarterly expiration (21 quarterly expirations), plus the two (2) nearest serial monthly expirations (months that are not in the Mar, Jun, Sep, Dec quarterly cycle). 	Mar, Jun, Sep and Dec quarterly expirations extending out 5-years and 1 additional quarterly expiration (21 quarterly expirations), plus the two (2) nearest serial monthly expirations (months that are not in the Mar, Jun, Sep, Dec quarterly cycle). 	Mar, Jun, Sep and Dec quarterly expirations extending out 5-years and 1 additional quarterly expiration (21 quarterly expirations), plus the two (2) nearest serial monthly expirations (months that are not in the Mar, Jun, Sep, Dec quarterly cycle).
Trading Hours 	7:45pm – 5:00pm Eastern (New York) Time, Sunday – Friday. Market pre-open at 7:30pm ET, Sunday – Friday. 	7:45pm – 5:00pm Eastern (New York) Time, Sunday – Friday. Market pre-open at 7:30pm ET, Sunday – Friday. 	7:45pm – 5:00pm Eastern (New York) Time, Sunday – Friday. Market pre-open at 7:30pm ET, Sunday – Friday.
Last Trading Day 	The second London bank business day prior to the third Wednesday of the contract expiry month, at 11:00am London time. 	The second London bank business day prior to the third Wednesday of the contract expiry month, at 11:00am London time. 	The second London bank business day prior to the third Wednesday of the contract expiry month, at 11:00am London time.
Contract Size 	$2,500 * Rate Index 	$2,500 * Rate Index 	$2,500 * Rate Index
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	100 minus the numerical value of the rate index 	100 minus the numerical value of the rate index 	100 minus the numerical value of the rate index
Tick Size 	One-quarter of one basis point (0.0025) or $6.25 per contract. 	One-quarter of one basis point (0.0025) or $6.25 per contract. 	One-quarter of one basis point (0.0025) or $6.25 per contract.
Daily Settlement Price Quotation	One-quarter of one basis point (0.0025) or $6.25 per contract. 	One-quarter of one basis point (0.0025) or $6.25 per contract. 	One-quarter of one basis point (0.0025) or $6.25 per contract.
Final Settlement Price Quotation	1/100 of one basis point (0.0001) or $0.25 per contract 	1/100 of one basis point (0.0001) or $0.25 per contract 	1/100 of one basis point (0.0001) or $0.25 per contract
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products
Final Settlement 	Expiring contracts are cash settled to 100 minus the ICE Benchmark Administration survey of 3-month U.S. Dollar LIBOR on the last trading day. Final settlement will be rounded to four decimal places, equal to 1/100 of one basis point, or $0.25 per contract.	Expiring contracts are cash settled to 100 minus the ICE Benchmark Administration survey of 3-month U.S. Dollar LIBOR on the last trading day. Final settlement will be rounded to four decimal places, equal to 1/100 of one basis point, or $0.25 per contract.	Expiring contracts are cash settled to 100 minus the ICE Benchmark Administration survey of 3-month U.S. Dollar LIBOR on the last trading day. Final settlement will be rounded to four decimal places, equal to 1/100 of one basis point, or $0.25 per contract.
Minimum Price Fluctuation 	0.0025 ($6.25) 	0.0025 ($6.25) 	0.0025 ($6.25)
Final Payment Date 	Final settlement occurs on the last trading day of the contract month. 	Final settlement occurs on the last trading day of the contract month. 	Final settlement occurs on the last trading day of the contract month.
Business Days 	ICE Clear Europe Business Days 	ICE Clear Europe Business Days 	ICE Clear Europe Business Days
MIC Code 	IFLL 	IFLL 	IFLL
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:45 PM - 5:00 PM*
19:45 - 17:00 	7:30 PM
19:30
Trading Hours 	LONDON 	12:45 AM - 10:00 PM*
00:45 - 22:00 	12:30 AM
00:30
Trading Hours 	SINGAPORE 	7:45 AM - 5:00 AM*
07:45 - 05:00 	7:30 AM
07:30
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Eurodollar 	Eurodollar
Codes 	Physical 	ED 	ED
Codes 	Logical 	ED 	ED
Codes 	GMI (FC) 	S4 	S4
Codes 	ION A.C.N. 	ET79 	ET79
== Notes ==
== References ==
== Resources ==
Category:Sponsored Pages
Category:Sponsored Pages - ICE
Category:Reserved Pages
Category:Reserved Pages - ICE
Category:Futures Contracts Traded on ICE
Category:Futures Data in Template
Category:Interest Rates