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CBOT New Product Notice: Liquid 50 Credit Default Swap Index (IG)(Revised)
CBOT New Product Notice: Liquid 50 Credit Default Swap Index (IG)

CBOT New Product Notice: Liquid 50 Credit Default Swap Index (IG) (Revised)

 

The Chicago Board of Trade (CBOT) will launch the Liquid 50 Credit Default Swap Index (IG), on the e-CBOT platform on June 25, 2007. The Liquid 50 Credit Default Swap Index (IG) will trade electronically from 6:02 p.m. to 4:00 p.m. Chicago Time, Sunday through Friday.

 

Please view the following specifications for the Liquid 50 Credit Default Swap Index (IG):

 

Ticker Symbol:

Electronic: CX

 

QVS Product Grouping:

Promotional

 

Trading Unit:

1 Liquid 50 Credit Default Swap Index (IG) Futures Contract

 

Trading Hours:

Electronic: 6:02 p.m. to 4:00 p.m. Chicago time, Sunday through Friday.

 

Contract Month Cycle:

The first two consecutive contracts in the March-June-September-December quarterly cycle. For launch, the following months shall be listed Sep 07; Dec 08 will be listed on Sep 4th.

 

Min. Price Fluctuation (Revised):

One-one hundredth (1/100) of one point (.01) equal to $5.

 

Max. Price Fluctuation:

None

 

Daily Price Limits:

None

 

Position Limits:

500 contracts in all months.

 

Last Trading Day:

Two business days preceding the third Wednesday of the Delivery Month

 

Time of Expiration on Last Trading Day:

4:00 p.m. Chicago Time

 

Delivery Standards/Exercise Procedures:

Cash Settled

 

ITC Fractional Indicator:

2

 

ITC Price Formats:

0003000

0003001

0003002

0003003

 

Final Special Settlement ITC Price Format

0030010

 

Please contact the Market Data Vendor Help Desk at (312) 341-3163 or cbotvendorsupport@cbot.com , if you have any questions.

 

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