CME Group Israeli Shekel

Israeli Shekel Futures 	Israeli Shekel Futures 	Israeli Shekel Futures
Contract Unit 	1,000,000 Israeli sheqalim 	1,000,000 Israeli sheqalim
Trading Hours 	CME Globex: 	Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
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
Minimum Price Fluctuation	Outright: 0.00001 per Israeli shekel = $10.00
Intra-currency spreads: 0.000005 per Israeli shekel = $5.00	Outright: 0.00001 per Israeli shekel = $10.00
Intra-currency spreads: 0.000005 per Israeli shekel = $5.00
Product Code 	CME Globex: ILS
CME ClearPort: IS
Clearing: IS 	CME Globex: ILS
CME ClearPort: IS
Clearing: IS
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 6 consecutive quarters 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 6 consecutive quarters
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	Trading terminates on the second business day prior to the third Wednesday of the contract month.	Trading terminates on the second business day prior to the third Wednesday of the contract month.
Settlement Procedures 	ILS/USD Futures Settlement Procedures 	ILS/USD Futures Settlement Procedures
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 269 	CME 269
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
Israeli Shekel Options 	Israeli Shekel Options 	Israeli Shekel Options 	
Contract Unit 	One futures contract for 1,000,000 Israeli shekelim 	One futures contract for 1,000,000 Israeli shekelim 	
Minimum Price Fluctuation 	0.00001 per Israeli shekel increment = $10.00
0.000005 per Israeli shekel increment = $5.00 for premium below 0.00005 	0.00001 per Israeli shekel increment = $10.00
0.000005 per Israeli shekel increment = $5.00 for premium below 0.00005 	
Price Quotation 	U.S. dollars and cents per Israeli shekelim increment 	U.S. dollars and cents per Israeli shekelim 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 	Product Code 	CME Globex: ILS
CME ClearPort: IS
Open Outcry: IS
Clearing: IS 	CME Globex: ILS
CME ClearPort: IS
Open Outcry: IS
Clearing: IS
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 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 2nd Thursday prior to the 3rd Wednesday of the contract month. 	Trading terminates at 9:00 a.m. CT on the 2nd Thursday prior to the 3rd Wednesday of the contract month. 	
Position Limits 	CME Position Limits 	CME Position Limits 	
Excahnge Rulebook 	CME 269A 	CME 269A 	
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 	
Strike Price Listing Procedures	$0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.) 	$0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.) 	
Exercise Style 	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 	Israeli Shekel Futures 	Israeli Shekel Futures 	
== Notes ==
CME Group also offers weekly option with the underlying Israeli Shekel futures contract. For more information about contract specs, please refer to Weekly Options
== Resources ==
*Israeli Shekel Contract Specifications
*ILS/USD Settlement Procedures
*CME Position Limits
*CME 269
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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