CME Group South African Rand

South African Rand Futures	South African Rand Futures 	South African Rand Futures
Contract Unit 	500,000 South African rand 	500,000 South African rand
Trading Hours 	CME Globex: 	Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 	$.000025 per South African rand increments ($12.50/contract). 	$.000025 per South African rand increments ($12.50/contract).
Product Code 	CME Globex: 6Z
CME ClearPort: RA
Clearing: RA 	CME Globex: 6Z
CME ClearPort: RA
Clearing: RA
Listed Contracts 	Thirteen consecutive calendar months plus two-deferred March quarterly cycle months 	Thirteen consecutive calendar months plus two-deferred March quarterly cycle months
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).	9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Settlement Method 	ZAR/USD Futures Settlement Procedures 	ZAR/USD Futures Settlement Procedures
Positon Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 259 	CME 259
BLock Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
South African Rand Options	South African Rand Options 	South African Rand Options
Contract Unit 	One futures contract for 500,000 South African rand 	One futures contract for 500,000 South African rand
Minimum Price Fluctuation 	.00001 per South African rand increments = $5.00 per contract. 	.00001 per South African rand increments = $5.00 per contract.
Price Quotation 	U.S. dollars and cents per South African rand increment 	U.S. dollars and cents per South African rand increment
Trading Hours 	CME Globex: 	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Trading Hours 	Open Outcry: 	7:20 a.m. – 2:00 p.m. CT
Product Code 	CME Globex: RO
CME ClearPort: RA
Open Outcry: RO
Clearing: RA 	CME Globex: RO
CME ClearPort: RA
Open Outcry: RO
Clearing: RA
Listed Contracts 	Monthly contracts listed for 12 consecutive months 	Monthly contracts listed for 12 consecutive months
Settlement Procedures 	Option on physical delivery futures contract 	Option on physical delivery futures contract
Termination of Trading 	Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.	Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 259 	CME 259
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Exercise Procedures 	European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.	European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlement Method 	Deliverable 	Deliverable
Underlying 	South African Rand Futures 	South African Rand Futures
== Notes ==
CME Group also offers weekly option for South African Rand futures. For more information about the contract specifications, please refer to South African Rand Options Contract Specs
== Resources ==
*CME Group South African Rand contract Specifications
*ZAR/USD Settlement Procedures
*CME Position Limits
*CME 259
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
Category:Sponsored Pages
Category:Sponsored Pages - CME
Category:Reserved Pages
Category:Reserved Pages - CME
Category:Exchange Rate Futures Contracts
Category:Futures Contracts Traded on CME Group
Category:Financial Futures Contracts
category:Exchange Rate Options
Category:Options Traded on CME Group
Category:Financial Options
Category:Futures Data in Template