Eurodollar Time Deposit having a principal value of USD $1,000,000 with a three-month maturity.
Quoted in IMM Three-Month LIBOR index points, or 100 minus the rate
on an annual basis over a 360 day year (e.g., a rate of 2.5% shall be quoted as 97.50). 1
basis point = .01 = $25
One-quarter of one basis point (0.0025 = $6.25 per contract) in the nearest
expiring contract month; One-half of one basis point (0.005 = $12.50 per contract) in all
other contract months. The “new” front-month contract begins trading in 0.0025
increments at 7:20 a.m, Central Time (CT), after the “old” expiring front-month contract
ceases trading at 11:00 a.m. London time on the expiring contract month’s last trading
day.
March, June, September, December
Open Outcry MON-FRI: 7:20 a.m. - 2:00 p.m. CT and Globex SUN - FRI: 5:00 p.m. - 4:00 p.m. CT.
Consult exchange.
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