CME Group New Zealand Dollar

New Zealand Dollar Futures	New Zealand Dollar Futures 	New Zealand Dollar Futures
Contract Unit 	One futures contract for 100,000 New Zealand dollars 	One futures contract for 100,000 New Zealand dollars
Minimum Price Fluctuation 	0.0001 per New Zealand dollar increment = $10.00.
0.00005 per New Zealand dollar increment = $5.00) for premium below 0.0005 	0.0001 per New Zealand dollar increment = $10.00.
0.00005 per New Zealand dollar increment = $5.00) for premium below 0.0005
Price Quotation 	U.S. dollars and cents per New Zealand dollar increment 	U.S. dollars and cents per New Zealand dollar 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: 6N
CME ClearPort: NE
Open Outcry: ZN
Clearing: NE 	CME Globex: 6N
CME ClearPort: NE
Open Outcry: ZN
Clearing: NE
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 a physically delivered futures contract 	Option on a physically delivered 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 258A 	CME 258A
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 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 	New Zealand Dollar Futures 	New Zealand Dollar Futures
New Zealand Dollar Options	New Zealand Dollar Options 	New Zealand Dollar Options
Contract Unit 	One futures contract for 100,000 New Zealand dollars 	One futures contract for 100,000 New Zealand dollars
Minimum Price Fluctuation 	0.0001 per New Zealand dollar increment = $10.00.
0.00005 per New Zealand dollar increment = $5.00) for premium below 0.0005 	0.0001 per New Zealand dollar increment = $10.00.
0.00005 per New Zealand dollar increment = $5.00) for premium below 0.0005
Price Quotation 	U.S. dollars and cents per New Zealand dollar increment 	U.S. dollars and cents per New Zealand dollar 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: 6N
CME ClearPort: NE
Open Outcry: ZN
Clearing: NE 	CME Globex: 6N
CME ClearPort: NE
Open Outcry: ZN
Clearing: NE
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 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 258A 	CME 258A
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 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 	New Zealand Dollar Futures 	New Zealand Dollar Futures
== Notes ==
== Resources ==
*CME Group New Zealand Dollar Contract Specifications
*New Zealand Dollar Settlement Procedures
*CME Position Limits
*CME 258
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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