Markit CDX EM EX-EU

ICE OTC

14 Sovereign issuers from Latin America, Eastern Europe, the Middle East, Africa and Asia, excluding Hungary.

Rule Number: 1244
Contract Symbol: Markit CDX.EM.EX-EU
Currency: USD
Min Notional: Order Book: 5,000,000
Block Trades: In accordance with Rule 701(k)
All other execution methods: As agreed by counterparties
Max Notional: Order Book: 100,000,000
All other execution methods: As agreed by counterparties
Min Notional Increment: Order Book: 5,000,000
All other execution methods: As agreed by counterparties
Contract Series: March and September; one or two months listed at all times
Price Quotation: Index Points
Minimum Price Fluctuation: The price quotation convention shall be .01 index points; minimum price fluctuation may vary by trade type.
Listing Cycle: Tenors of 1 through 10 Years based on liquidity
Series: All Series, initiated with series 18
Roll Date: September 20 (or the Business Day immediately thereafter) and March 20 (or the Business Day immediately thereafter) of each calendar year
First Trading Day: Date of contract listing
Last Trading Day: Each index series with a Roll Date of September 20 shall have a maturity date of December 20 (or the first Business Day thereafter if December 20 is not a Business Day) occurring up to 10 years following the Roll Date.
Position Limit: None
Daily Price Limit: None
Off Exchange Trade Types: Yes
NCR and RL: Variable by contract type and price. See Error Trade Policy for more details.
MIC Code: ICES
Clearing Venues: Bilateral