ICE Three Month Euro Swiss Franc (Euroswiss)

Cash settled future based on the Swiss Franc LIBOR rate for three month deposits.
== Contract Specs ==
Three Month Euro Swiss Franc (Euroswiss) Futures	Three Month Euro Swiss Franc (Euroswiss) Futures 	Three Month Euro Swiss Franc (Euroswiss) Futures 	Three Month Euro Swiss Franc (Euroswiss) Futures
Trading Screen Product Name 	Three Month Euroswiss Future 	Three Month Euroswiss Future 	Three Month Euroswiss Future
Trading Screen Hub Name 	ICEU 	ICEU 	ICEU
Contract Symbol 	S 	S 	S
Unit of Trading 	SFr 2500 * Rate Index 	SFr 2500 * Rate Index 	SFr 2500 * Rate Index
Delivery Date 	First business day after the Last Trading Day 	First business day after the Last Trading Day 	First business day after the Last Trading Day
Delivery Months 	March, June, September, December such that 16 delivery months are available for trading 	March, June, September, December such that 16 delivery months are available for trading 	March, June, September, December such that 16 delivery months are available for trading
Quotation 	100.00 minus the numerical value of the rate of interest 	100.00 minus the numerical value of the rate of interest 	100.00 minus the numerical value of the rate of interest
Minimum Price Fluctuation 	0.01 (SFr25.00) 	0.01 (SFr25.00) 	0.01 (SFr25.00)
Last Trading Day 	11:00 - Two business days prior to the third Wednesday of the delivery month 	11:00 - Two business days prior to the third Wednesday of the delivery month 	11:00 - Two business days prior to the third Wednesday of the delivery month
Exchange Delivery Settlement Price 	Based on the ICE Benchmark Administration Limited LIBOR Rate (ICE LIBOR) for three month Swiss Franc deposits at 11:00 on the Last Trading Day. The settlement price will be 100.00 minus the Swiss Franc ICE LIBOR rounded to three decimal places. Where the EDSP Rate is not an exact multiple of 0.001, it will be rounded to the nearest 0.001 or, where the EDSP Rate is an exact uneven multiple of 0.0005, to the nearest lower 0.001 (e.g. a ICE LIBOR of 1.43750 becomes 1.437)	Based on the ICE Benchmark Administration Limited LIBOR Rate (ICE LIBOR) for three month Swiss Franc deposits at 11:00 on the Last Trading Day. The settlement price will be 100.00 minus the Swiss Franc ICE LIBOR rounded to three decimal places. Where the EDSP Rate is not an exact multiple of 0.001, it will be rounded to the nearest 0.001 or, where the EDSP Rate is an exact uneven multiple of 0.0005, to the nearest lower 0.001 (e.g. a ICE LIBOR of 1.43750 becomes 1.437)	Based on the ICE Benchmark Administration Limited LIBOR Rate (ICE LIBOR) for three month Swiss Franc deposits at 11:00 on the Last Trading Day. The settlement price will be 100.00 minus the Swiss Franc ICE LIBOR rounded to three decimal places. Where the EDSP Rate is not an exact multiple of 0.001, it will be rounded to the nearest 0.001 or, where the EDSP Rate is an exact uneven multiple of 0.0005, to the nearest lower 0.001 (e.g. a ICE LIBOR of 1.43750 becomes 1.437)
Algorithm 	Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap). 	Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap). 	Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap).
Off Exchange Trade Types 	Block Trading, Basis Trading 	Block Trading, Basis Trading 	Block Trading, Basis Trading
Contract Standard 	Cash settlement based on the Exchange Delivery Settlement Price. 	Cash settlement based on the Exchange Delivery Settlement Price. 	Cash settlement based on the Exchange Delivery Settlement Price.
Additional Information 	NOTE: All times are London, unless otherwise stated 	NOTE: All times are London, unless otherwise stated 	NOTE: All times are London, unless otherwise stated
MIC Code 	IFLL 	IFLL 	IFLL
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	2:30 AM - 1:00 PM
02:30 - 13:00 	1:03 AM
01:03
Trading Hours 	LONDON 	7:30 AM - 6:00 PM
07:30 - 18:00 	6:03 AM
06:03
Trading Hours 	SINGAPORE 	2:30 PM - 1:00 AM
14:30 - 01:00 	1:03 PM
13:03
Codes 	Clearing Admin Name 	STIREuroswiss 	STIREuroswiss
Codes 	Physical 	S 	S
Codes 	Logical 	S 	S
Codes 	GMI (FC) 	None 	None
Codes 	ION A.C.N. 	None 	None
Options On Three Month Euro Swiss Franc (Euroswiss) Futures	Options On Three Month Euro Swiss Franc (Euroswiss) Futures 	Options On Three Month Euro Swiss Franc (Euroswiss) Futures 	Options On Three Month Euro Swiss Franc (Euroswiss) Futures
Trading Screen Product Name 	Three Month Euroswiss Future 	Three Month Euroswiss Future 	Three Month Euroswiss Future
Trading Screen Hub Name 	ICEU 	ICEU 	ICEU
Contract Symbol 	S 	S 	S
Unit of Trading 	One Three Month Euroswiss Futures Contract 	One Three Month Euroswiss Futures Contract 	One Three Month Euroswiss Futures Contract
Contract Series 	March, June, September, December such that 4 delivery months are available for trading 	March, June, September, December such that 4 delivery months are available for trading 	March, June, September, December such that 4 delivery months are available for trading
Contract Standard 	Assignment of one Three Month Euroswiss futures contract for the delivery months at the exercise price. 	Assignment of one Three Month Euroswiss futures contract for the delivery months at the exercise price. 	Assignment of one Three Month Euroswiss futures contract for the delivery months at the exercise price.
Last Trading Day 	Two business days prior to the third Wednesday of the expiry month at 11:00 	Two business days prior to the third Wednesday of the expiry month at 11:00 	Two business days prior to the third Wednesday of the expiry month at 11:00
Delivery Date 	Delivery on the first business day after the exercise day 	Delivery on the first business day after the exercise day 	Delivery on the first business day after the exercise day
Minimum Price Fluctuation 	0.0025 (SFr 6.25) 	0.0025 (SFr 6.25) 	0.0025 (SFr 6.25)
Strike Price Intervals 	0.125, (i.e. 0.125%) e.g. 94.00, 94.125, 94.25 etc for all expiry months.
Seventeen exercise prices will be listed for each new series. Additional exercise prices will be listed when the Three Month Euroswiss futures contract settlement price is within 0.06 of the eighth highest or lowest existing exercise price, or as deemed necessary by the Exchange.	0.125, (i.e. 0.125%) e.g. 94.00, 94.125, 94.25 etc for all expiry months.
Seventeen exercise prices will be listed for each new series. Additional exercise prices will be listed when the Three Month Euroswiss futures contract settlement price is within 0.06 of the eighth highest or lowest existing exercise price, or as deemed necessary by the Exchange.	0.125, (i.e. 0.125%) e.g. 94.00, 94.125, 94.25 etc for all expiry months.
Seventeen exercise prices will be listed for each new series. Additional exercise prices will be listed when the Three Month Euroswiss futures contract settlement price is within 0.06 of the eighth highest or lowest existing exercise price, or as deemed necessary by the Exchange.
Introduction of New Exercise Prices 	For all contract months:
A minimum of 5 Strike Prices in increments of 0.25 above and below the at-the-money Strike Price. The “at-the-money” strike price is the closest interval nearest to the previous business day’s settlement price of the corresponding underlying future. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in 0.125 increments.
For the front 4 contract months:
A minimum of 9 Strike Prices in increments of 0.125 above and below the at-the-money Strike Price.	For all contract months:
A minimum of 5 Strike Prices in increments of 0.25 above and below the at-the-money Strike Price. The “at-the-money” strike price is the closest interval nearest to the previous business day’s settlement price of the corresponding underlying future. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in 0.125 increments.
For the front 4 contract months:
A minimum of 9 Strike Prices in increments of 0.125 above and below the at-the-money Strike Price.	For all contract months:
A minimum of 5 Strike Prices in increments of 0.25 above and below the at-the-money Strike Price. The “at-the-money” strike price is the closest interval nearest to the previous business day’s settlement price of the corresponding underlying future. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in 0.125 increments.
For the front 4 contract months:
A minimum of 9 Strike Prices in increments of 0.125 above and below the at-the-money Strike Price.
Algorithm 	Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with a time-weighting of 1 (i.e. the algorithm is effectively a priority pro-rata matching algorithm) with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap).	Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with a time-weighting of 1 (i.e. the algorithm is effectively a priority pro-rata matching algorithm) with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap).	Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with a time-weighting of 1 (i.e. the algorithm is effectively a priority pro-rata matching algorithm) with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap).
Off Exchange Trade Types 	Basis Trading, Block Trading. 	Basis Trading, Block Trading. 	Basis Trading, Block Trading.
Clearing 	Potential users of the Options on Euroswiss Futures Contracts should familiarize themselves with the terms of these contracts and with the terms of the Underlying Futures Contract. 	Potential users of the Options on Euroswiss Futures Contracts should familiarize themselves with the terms of these contracts and with the terms of the Underlying Futures Contract. 	Potential users of the Options on Euroswiss Futures Contracts should familiarize themselves with the terms of these contracts and with the terms of the Underlying Futures Contract.
Additional Information 	The contract price is not paid at the time of purchase. Option positions, as with futures position, are settled-to-market daily giving rise to positive or negative variation margin flows. When the Buyer exercises/abandons an option, the Buyer is required to pay the original contract price to the Exchange's Clearing Houser (CH) and the CH will pay the original option price to the Seller on the following business day. Such payments will be netted against the variation margin balances of Buyer and Seller by the CH.
NOTE: All times are London, unless otherwise stated	The contract price is not paid at the time of purchase. Option positions, as with futures position, are settled-to-market daily giving rise to positive or negative variation margin flows. When the Buyer exercises/abandons an option, the Buyer is required to pay the original contract price to the Exchange's Clearing Houser (CH) and the CH will pay the original option price to the Seller on the following business day. Such payments will be netted against the variation margin balances of Buyer and Seller by the CH.
NOTE: All times are London, unless otherwise stated	The contract price is not paid at the time of purchase. Option positions, as with futures position, are settled-to-market daily giving rise to positive or negative variation margin flows. When the Buyer exercises/abandons an option, the Buyer is required to pay the original contract price to the Exchange's Clearing Houser (CH) and the CH will pay the original option price to the Seller on the following business day. Such payments will be netted against the variation margin balances of Buyer and Seller by the CH.
NOTE: All times are London, unless otherwise stated
MIC Code 	IFLL 	IFLL 	IFLL
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	2:30 AM - 1:00 PM
02:30 - 13:00 	None
Trading Hours 	LONDON 	7:30 AM - 6:00 PM
07:30 - 18:00 	None
Trading Hours 	SINGAPORE 	2:30 PM - 1:00 AM
14:30 - 01:00 	None
Codes 	Clearing Admin Name 	STIREuroswiss 	STIREuroswiss
Codes 	Physical 	S 	S
Codes 	Logical 	S 	S
Codes 	GMI (FC) 	None 	None
Codes 	ION A.C.N. 	None 	None
== Notes ==
== References ==
== Resources ==
Category:Sponsored Pages
Category:Sponsored Pages - ICE
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Category:Reserved Pages - ICE
Category:Futures Contracts Traded on ICE
Category:Futures Data in Template
Category:Interest Rates