CME Group European Seasonal Strip Weather Heating Degree Day

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European Seasonal Strip Weather Heating Degree Day Futures
Contract Unit £20 times the respective CME European CAT Index - London Heathrow; €20 times the respective CME European CAT Index - Amsterdam
Price Quotation British Pounds (£) per index point = London-Heathrow, Euros (€) per index point = Amsterdam
Trading Hours Sunday 5:00 p.m. - Friday 3:15 p.m.

Daily trading halts 3:15 p.m. - 5:00 p.m.

Minimum Price Fluctuation 1 index point (= £20 per contract); 1 index point (= €20 per contract)
Product Code Weather Product Codes
Listed Contracts HDD - Nov-Mar and Dec-Feb
Settlement Method Financially Settled
Settlement Procedures Monthly Weather Settlement Procedures
Position Limits CME Position Accountability
Exchange Rulebook CME 407
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
European Seasonal Strip Weather Heating Degree Day Options
Minimum Price Fluctuation 1 index point (= £20 per contract - London Heathrow); 1 index point (= €20 per contract-All Other Locations)
Pricing Unit British Pounds (£) per index point = London-Heathrow, Euros (€) per index point = All other locations
Trading Hours MON-FRI: 8:30 a.m.-3:15 p.m.
Last Trade Date/Time Second Exchange business day after the futures contract month, 9:00 a.m.
Contract Months HDD - Nov-Mar and Dec-Feb
Strike Price Intervals HDD: 1 index point in a range of 1 to 8500 index points

See CME Rule 407A01.E.

Exercise Procedure European Style - See CME Rule 407A02
Product Code Weather Product Codes
Exchange Rulebook CME 407A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Underlying Contract One CME European Seasonal Strip Weather Heating Degree Day (HDD)Contract

Also See[edit]

CME Group weather products

Resources[edit]

CME Group Web site

CME Group Weather Products

European Seasonal Strip Weather Heating Degree Day (HDD) Contract Specs

Weather Product Codes