CME Group 5-Year Note Futures

#redirect CME Group 5-Year US Treasury Note
5-Year U.S. Treasury Notes Futures Futures	5-Year U.S. Treasury Notes Futures Futures 	5-Year U.S. Treasury Notes Futures Futures
Contract Unit 	Face value at maturity of $100,000 	Face value at maturity of $100,000
Price Quotation 	Points and fractions of points with par on the basis of 100 points 	Points and fractions of points with par on the basis of 100 points
Trading Hours 	CME Globex: 	SUN - FRI: 5:00 p.m. - 4:00 p.m.
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 	One-quarter of one thirty-second (1/32) of one point ($7.8125, rounded to the nearest cent per contract), including intermonth spreads. 	One-quarter of one thirty-second (1/32) of one point ($7.8125, rounded to the nearest cent per contract), including intermonth spreads.
Product Code 	CME Globex: ZF
CME ClearPort: 25
Clearing: 25 	CME Globex: ZF
CME ClearPort: 25
Clearing: 25
Listed Contracts 	The first three consecutive contracts in the March, June, September, and December quarterly cycle. 	The first three consecutive contracts in the March, June, September, and December quarterly cycle.
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	Last business day of the calendar month. Trading in expiring contracts closes at 12:01 p.m. on the last trading day. 	Last business day of the calendar month. Trading in expiring contracts closes at 12:01 p.m. on the last trading day.
Settlement Procedures 	Treasury Settlement Procedures 	Treasury Settlement Procedures
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 20 	CBOT 20
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
All or None Minimum 	All or None Minimums 	All or None Minimums
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Delivery Procedure 	Federal Reserve book-entry wire-transfer system. 	Federal Reserve book-entry wire-transfer system.
Last Delivery Date 	Third business day following the last trading day. 	Third business day following the last trading day.
Grade and Quality 	U.S. Treasury notes with an original term to maturity of not more than five years and three months and a remaining term to maturity of not less than four years and two months as of the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.	U.S. Treasury notes with an original term to maturity of not more than five years and three months and a remaining term to maturity of not less than four years and two months as of the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.
	
5-Year U.S. Treasury Notes Futures Options	5-Year U.S. Treasury Notes Futures Options 	5-Year U.S. Treasury Notes Futures Options
Contract Unit 	Face value at maturity of $100,000 	Face value at maturity of $100,000
Minimum Price Fluctuation 	One-half of 1/64 of a point = $7.8125
Variable CAB at $1.00 increments from $1.00 - $7.00 	One-half of 1/64 of a point = $7.8125
Variable CAB at $1.00 increments from $1.00 - $7.00
Price Quotation 	Points and fractions of points with par on the basis of 100 points 	Points and fractions of points with par on the basis of 100 points
Trading Hours 	CME Globex: 	Sunday - Friday: 5:00 p.m. - 4:00 p.m. CT
Trading Hours 	Open Outcry: 	Monday - Friday: 7:20 a.m. - 2:00 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
Product Code 	CME Globex: OZF
CME ClearPort: 25
Open Outcry: Put: FP Call: FL
Clearing: 25 	CME Globex: OZF
CME ClearPort: 25
Open Outcry: Put: FP Call: FL
Clearing: 25
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 quarters and 3 serial contracts
Serials exercise into the first nearby quarterly futures contract
Quarterlies exercise into the corresponding futures contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 quarters and 3 serial contracts
Serials exercise into the first nearby quarterly futures contract
Quarterlies exercise into the corresponding futures contracts
Termination of Trading 	Trading terminates on the Friday before the 2nd last business day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day. 	Trading terminates on the Friday before the 2nd last business day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day.
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Excahnge Rulebook 	CBOT 20A 	CBOT 20A
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 	Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) consecutive lower strike prices. 	Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) consecutive lower strike prices.
Exercise Style 	American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 5:30 p.m. Options that expire in-the-money after the close on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing by 5:30 p.m.	American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 5:30 p.m. Options that expire in-the-money after the close on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing by 5:30 p.m.
Settlemnt Method 	Deliverable 	Deliverable
Underlying 	5-Year T-Note Futures 	5-Year T-Note Futures
																								
== Notes ==
== Resources ==
CME Group 5-Year T-Note Futures Contract Specs
CME Group US Treasury Futures
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