View source for CME Group 30 Year USD Deliverable Interest Rate Swap

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{| class="wikitable"																									
|-																									
! colspan="3" | 30 Year USD Deliverable Interest Rate Swap Futures																									
|-																									
| Contract Unit																									
| colspan="2" | $1,000 per point ($100,000 per contract)																									
|-																									
| Price Quotation																									
| colspan="2" | Prices are made in terms of price points: 100 points plus net present value (NPV) of IRS that meets Delivery Standard, where NPV is present value of IRS fixed-rate payments minus present value of IRS floating-rate payments as of 3rd Wednesday of Delivery Month. Par is on the basis of 100 points.																									
|-																									
| rowspan="2" | Trading Hours																									
| CME Globex:																									
| 5 p.m. to 4 p.m., Sun-Fri.																									
|-																									
| CME ClearPort:																									
| Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT																									
|-																									
| Minimum Price Fluctuation																									
| colspan="2" | 1/32nd point ($31.25 per contract)																									
|-																									
| Product Code																									
| colspan="2" | CME Globex: B1U
CME ClearPort: B1U

Clearing: B1U																									
|-																									
| Listed Contracts																									
| colspan="2" | March Quarterly cycle (March, June, September, December)																									
|-																									
| Settlement Method																									
| colspan="2" | Deliverable																									
|-																									
| Termination of Trading																									
| colspan="2" | Second London business day before 3rd Wednesday of futures Delivery Month. Trading in expiring contracts closes at 2:00 p.m. on the last trading day.																									
|-																									
| Settlement Procedures																									
| colspan="2" | Physical delivery of IRS that meets Delivery Standard. Clearing Acceptance Date and Clearing Effective Date = First CME Clearing Business Day preceding 3rd Wednesday of Delivery Month.

Delivery invoice price = IRS Initial Payment Amount, as determined by contract final settlement price, P:

If P < 100, then IRS Floating Rate Payer pays, and IRS Fixed Rate Payer receives,

$1,000 x ( P – 100 ) per contract, rounded to nearest penny.

If P ≤ 100, then IRS Fixed Rate Payer pays, and IRS Floating Rate Payer receives,

$1,000 x ( 100 – P ) per contract, rounded to nearest penny.

Daily Deliverable Interest Rate Swap Future Settlement Procedures"																									
|-																									
| Position Limits																									
| colspan="2" | CBOT Position Limits																									
|-																									
| Exchange Rulebook																									
| colspan="2" | CBOT 54																									
|-																									
| Block Minimum																									
| colspan="2" | Block Minimum Thresholds																									
|-																									
| Price Limit or Circuit																									
| colspan="2" | Price Limits																									
|-																									
| Vendor Codes																									
| colspan="2" | Quote Vendor Symbols Listing																									
|-																									
| Delivery Procedure																									
| colspan="2" | To participate in physical delivery, a futures position holder must be an Eligible Contract Participant (17 CFR 1.3(m) and CME Rule 90005.C.) and must be registered with CME by a CME IRS Clearing Member as an IRS Participant (CME Rules 90005.A. and 90005.B.).																									
|-																									
| Delivery Period																									
| colspan="2" | 3rd Wednesday of Delivery Month																									
|}																									
== Also See ==
[http://www.cmegroup.com/trading/interest-rates/deliverable-swaps/30-year-deliverable-interest-rate-swap-futures_contract_specifications.html 30 Year USD Deliverable Interest Rate Swap Futures Contract Specs] <br/>
[http://www.marketswiki.com/mwiki/CME_Group_interest_rate_products#CME_Group_interest_rate_futures_and_options_products CME Group interest rate products]

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