- Trading Screen Product Name
- Three Month Euro (Euribor) Future
- Trading Screen Hub Name
- ICEU
- Symbol
I
- Unit of Trading
€1000000
- Delivery Date
First business day after the Last Trading Day
- Delivery Months
March, June, September, December, and four serial months, such that
28 delivery months are available for trading, with the nearest six
delivery months being consecutive calendar months
- Quotation
100.00 minus rate of interest
- Minimum Price Movement
0.005 (€12.50)
- Last Trading Day
10.00 - Two business days prior to the third Wednesday of the
delivery month
- Exchange Delivery Settlement Price
Based on the European Money Markets Institute Euribor Rate (EMMI
Euribor) for three month Euro deposits at 11.00 Brussels time
(10:00 London time) on the Last Trading Day. The settlement price
will be 100.00 minus the EMMI Euribor Rate 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
EMMI Euribor Rate of 4.5225 becomes 4.522).
- 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).
- Block Trades
Block Trading, Basis Trading
- Contract Standard
Cash settlement based on the Exchange Delivery Settlement Price.
- Disclaimer of Liability
EURIBOR-EMMI makes no warranty, express or implied, either as to
the results to be obtained from the use of EURIBOR and / or the
figure at which EURIBOR stands at any particular time on any
particular day or otherwise. EURIBOR - EMMI makes no express or
implied warranties of merchantability or fitness for a particular
purpose for use with respect to the product and excludes all
liability for any loss of business or profits or for any direct,
indirect or consequential loss or damage arising from use of the
EURIBOR.
- MIC Code
- IFLL
- Clearing Venues
- ICEU