CME Group Brazilian Real

Brazilian Real Options 	Brazilian Real Options 	Brazilian Real Options
Contract Unit 	One futures contract for 100,000 Brazilian reals 	One futures contract for 100,000 Brazilian reals
Minimum Price Fluctuation	$.00005 per Brazilian real increments ($5.00/contract). 	$.00005 per Brazilian real increments ($5.00/contract).
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 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 	Open Outcry: 	7:20 a.m. – 2:00 p.m Central Time (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: BR
CME ClearPort: BR
Open Outcry: OR
Clearing: BR 	CME Globex: BR
CME ClearPort: BR
Open Outcry: OR
Clearing: BR
Listed Contracts 	Twelve consecutive contract months 	Twelve consecutive contract months
Settlement Procedures 	Option on cash-settled futures contract
To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2	Option on cash-settled futures contract
To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2
Termination of Trading 	On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate).	On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate).
Position Limits 	CME Position Limits 	CME Position Limits
Excahnge Rulebook 	CME 257A 	CME 257A
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 	European
Settlemnt Method 	Deliverable 	Deliverable
Underlying 	Brazilian Real Futures 	Brazilian Real Futures
Brazilian Real Futures 	Brazilian Real Futures 	Brazilian Real Futures
Contract Unit 	100,000 Brazilian reais 	100,000 Brazilian reais
Trading Hours 	CME Globex: 	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
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		$.00005 per Brazilian real increments ($5.00/contract). 		$.00005 per Brazilian real increments ($5.00/contract).
Product Code 	CME Globex: 6L
CME ClearPort: BR
Clearing: BR 	CME Globex: 6L
CME ClearPort: BR
Clearing: BR
Listed Contracts 	Monthly contracts listed for 60 consecutive months. 	Monthly contracts listed for 60 consecutive months.
Settlement Method 	Financially Settled 	Financially Settled
Termination of Trading 	On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reais per U.S. dollar for cash delivery" (PTAX rate).	On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reais per U.S. dollar for cash delivery" (PTAX rate).
Settlement Procedures 	BRL/USD Futures Settlement Procedures 	BRL/USD Futures Settlement Procedures
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 257 	CME 257
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
																									
== Notes ==
== Resources ==
*CME Group Brazilian Real Contract Specifications
*BRL/USD Futures Settlement Procedures
*CME Position Limits
*CME 257
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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