Eurex Three-Month EURIBOR
From MarketsWiki
European Interbank Offered Rate (EURIBOR) for three-month euro term deposits.
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| Three-Month EURIBOR futures | ||
|---|---|---|
| Exchange | Eurex | |
| Settlement | Cash settled | |
| Trade Unit | €1 million | |
| Point Value | €2.50 | |
| Tick Value | €12.50 | |
| Contract Months | Up to 36 months: The twelve nearest quarterly months of the March, June, September and December cycle. | |
| Last Trading Day | Last Trading Day is the Final Settlement Day. Final Settlement Day is two exchange days prior to the third Wednesday of the respective maturity month, provided that on that day FBE/ACI has determined the EURIBOR reference interest rate pertaining to three-month euro term deposits; otherwise, the exchange day immediately preceding that day. Close of trading in the maturing futures on the Last Trading Day is at 11:00 CET. | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | 8:00 am CET to 22:00 (10:00 pm) CET, except on last trading day, when trading ends at 12:30 pm CET (Eurex operates in three trading phases: pre-trading, trading and post-trading. The post-trading phase is further split in several periods where different functions are available. Pre-trading begins at 7:30 am CET, and post-trading ends at 22:30 (10:30 pm) CET, except on the last trading day, when trading ends at 12:30 pm CET) |
| Ticker Symbol | N/A | FEU3 |
| Price Limits | N/A | N/A |
| Three-Month EURIBOR options | ||
| Trade Unit | One futures contract | |
| Point Value | €2.50 (The Price Quotation is in points, with three decimal places. The Minimum Price Change is 0.005 points, equivalent to a value of EUR 12.50.) | |
| Tick Value | €12.50 (5) | |
| Option Months | Up to 12 months: The four nearest quarterly months of the March, June, September and December cycle. The maturity month of the underlying futures contract and the expiration month of the option are identical. | |
| Strike Prices | Option series have exercise prices with intervals of 0.1 points (for example, 95.4; 95.5; 95.6). Upon the admission of the options, at least 21 exercise prices shall be made available for each term for each call and put, such that ten exercise prices are in-the-money, one is at-the-money and ten are out-of-the-money. | |
| Exercise Style | American (An option can be exercised up to the end of the Post-Trading Full Period (20:00 CET) on any exchange day during the lifetime of the option.) | |
| Option Expiration Day | Two exchange days prior to the third Wednesday of the respective expiration month, provided that on that day FBE/ACI has determined the EURIBOR reference interest rate pertaining to three-month euro term deposits; otherwise, the exchange day immediately preceding that day. Close of trading in the expiring option series on the Last Trading Day is at 11:00 CET. | |
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Same as futures |
| Ticker Symbol | N/A | OEU3 |
| Price Limits | N/A | N/A |
