View source for CME Group Israeli Shekel

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{| class="wikitable"
|-
! colspan="3" | Israeli Shekel Futures
|-
| Contract Unit
| colspan="2" | 1,000,000 Israeli sheqalim
|-
| rowspan="2" | Trading Hours
| CME Globex:
| Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
|-
| 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" | Outright: 0.00001 per Israeli shekel = $10.00
Intra-currency spreads: 0.000005 per Israeli shekel = $5.00
|-
| Product Code
| colspan="2" | CME Globex: ILS
CME ClearPort: IS

Clearing: IS
|-
| Listed Contracts
| colspan="2" | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 6 consecutive quarters
|-
| Settlement Method
| colspan="2" | Deliverable
|-
| Termination of Trading
| colspan="2" | Trading terminates on the second business day prior to the third Wednesday of the contract month.
|-
| Settlement Procedures
| colspan="2" | ILS/USD Futures Settlement Procedures
|-
| Position Limits
| colspan="2" | CME Position Limits
|-
| Exchange Rulebook
| colspan="2" | CME 269
|-
| Block Minimum
| colspan="2" | Block Minimum Thresholds
|-
| Price Limit or Circuit
| colspan="2" | Price Limits
|-
| Vendor Codes
| colspan="2" | Quote Vendor Symbols Listing
|}

{| class="wikitable"
|-
! colspan="3" | Israeli Shekel Options
|-
| Contract Unit
| colspan="2" | One futures contract for 1,000,000 Israeli shekelim
|-
| Minimum Price Fluctuation
| colspan="2" | 0.00001 per Israeli shekel increment = $10.00
0.000005 per Israeli shekel increment = $5.00 for premium below 0.00005
|-
| Price Quotation
| colspan="2" | U.S. dollars and cents per Israeli shekelim increment
|-
| rowspan="3" | Trading Hours
| CME Globex:
| Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
|-
| 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
|-
| Product Code
| colspan="2" | CME Globex: ILS
CME ClearPort: IS

Open Outcry: IS

Clearing: IS
|-
| Listed Contracts
| colspan="2" | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months
|-
| Settlement Procedures
| colspan="2" | Option on physical delivery futures contract
|-
| Termination of Trading
| colspan="2" | Trading terminates at 9:00 a.m. CT on the 2nd Thursday prior to the 3rd Wednesday of the contract month.
|-
| Position Limits
| colspan="2" | CME Position Limits
|-
| Excahnge Rulebook
| colspan="2" | CME 269A
|-
| Block Minimum
| colspan="2" | Block Minimum Thresholds
|-
| Price Limit or Circuit
| colspan="2" | Price Limits
|-
| Vendor Codes
| colspan="2" | Quote Vendor Symbols Listing
|-
| Strike Price Listing Procedures
| colspan="2" | $0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.)
|-
| Exercise Style
| colspan="2" | European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
|-
| Settlement Method
| colspan="2" | Deliverable
|-
| Underlying
| colspan="2" | Israeli Shekel Futures
|}
== Notes ==
CME Group also offers weekly option with the underlying Israeli Shekel futures contract. For more information about contract specs, please refer to [http://www.cmegroup.com/trading/fx/emerging-market/israeli-shekel_contractSpecs_options.html Weekly Options]
== Resources ==
*[http://www.cmegroup.com/trading/fx/emerging-market/israeli-shekel_contractSpecs_options.html Israeli Shekel Contract Specifications]
*[http://www.cmegroup.com/confluence/display/EPICSANDBOX/Israeli+Shekel ILS/USD Settlement Procedures]
*[http://www.cmegroup.com/rulebook/files/position-limits-cme.xlsx CME Position Limits]
*[http://www.cmegroup.com/rulebook/CME/III/250/269/269.pdf CME 269]
*[http://www.cmegroup.com/clearing/trading-practices/block-trades.html#cmeProducts Block Minimum Thresholds]
*[http://www.cmegroup.com/rulebook/files/special-price-fluctuation-limits.xlsx Price Limits]
*[http://www.cmegroup.com/tools-information/vendorSymbol.html Quote Vendor Symbols Listing]

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