| Underlying |
|
The relevant CDR Liquid 50TM North American Investment Grade Index. |
| Index Methodology |
|
Average of the five-year CDS spreads of the 50 most liquid investment-grade names in the North American CDS market. Initially, all index components will be assigned the same weight (2%). |
| Contract Multiplier |
|
$500 per one basis point. |
| Contract Value |
|
Index value in basis points multiplied by contract multiplier. |
| Price Quotation |
| The current index value in basis points and hundredths (1/100) of basis points. For example, the current price of the index would imply a futures price of 38.10. |
| Tick Size/Tick Value |
|
0.01 basis point/ $5 tick value. |
| Expiration Months |
|
The nearest quarterly month of the March, June, September and December cycle. |
| Last Trading Day |
|
The second London business day preceding the third Wednesday of the respective expiration month. |
| Final Settlement Day |
|
The business day following the last trading day. |
| Final Settlement Price |
|
The current index value in basis points and hundredths (1/100) of basis points and using CDS prices provided by CMA through CMA DataVision™. |
| Settlement |
|
Cash settlement based on the final settlement price. |
| Trading Hours |
| Electronic: 5:30 pm. to 4:00 pm, Central Time, Sunday - Friday |
| Ticker Symbol |
| CX |
* Pending regulatory approval
| Subscriptions