CME Group European Seasonal Strip Weather CAT

From MarketsWiki

Jump to: navigation, search


European Seasonal Strip Weather Cumulated Degree Day (CAT) futures
Exchange CME Group
Settlement Cash settled
Trade Unit 20 GBP times the European Cumulated Degree Day Index
Point Value 1 point = 1.00 Degree Day Index = 20 GBP
Tick Value 1.00 = 20 GBP
Contract Months Apr, May, Jun, Jul, Aug, Sep and Oct.
Last Trading Day Two business days following the contract period (9am CT)
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Mon/Thurs 5:00 p.m.-3:15 p.m.; Sun/Hol 5:00 p.m.-3:15 p.m., Last Trading Day - 9:00 a.m.
Ticker Symbol N/A Each Contract is a multiple-month contract. The CAT April-October 2008 Seasonal Strip is G2JV8. G2J is the 3-character product code and V8 is the contract month/year of expiration. Each CME European Seasonal Strip CAT contract is the accumulation of like Average Temperature over a minimum of two, and a maximum of seven, consecutive calendar months.
Price Limits N/A N/A
 
European Seasonal Strip Weather Cumulated Degree Day (CAT) options
Trade Unit One futures contract
Point Value 1 point = 1.00 Degree Day Index = 20 GBP
Tick Value Regular 1.00=20 GBP; Cabinet 0.50=10 GBP
Option Months 7 consecutive calendar months, Apr, May, June, July, Aug, Sept and Oct
Strike Prices All listed intervals
Exercise Style European
Option Expiration Day Two business days following the contract period (9 am CT)
  Open Outcry No Electronic Market
Trading Hours Mon/Fri 8:30 a.m. to 3:15 p.m. (CST) Last Trading Day (9:00 a.m.) N/A
Ticker Symbol Each Contract is a multiple-month contract. The CDAT April-October 2008 Seasonal Strip is G2JV8. G2J is the 3-character product code and V8 is the contract month/year of expiration. Each CME Euroepan Seasonal Strip CAT contract is the accumulation of like Average Tempature over a minimum of two, and a maximum of seven, consecutive calendar months. N/A
Price Limits None N/A

Also See

CME Group weather products

Resources

CME Group Web site

CME Group Cooling Degree Day contracts

References

Personal tools