- Trading Screen Product Name
- ICNL Three Month EURIBOR
- Trading Screen Hub Name
- ICEU (ICNL)
- Contract Symbol
J
- Currency
Euro €
- Unit of Trading
€2,500 * Rate Index
- Delivery Date
First business day after the Last Trading Day
- Delivery Month
March, June, September, December, and four serial months, such that
28 delivery months are available for trading, with the nearest six
delivery months being consecutive calendar months
- Quotation
100.00 minus the numerical value of the rate of interest
- Minimum Price Fluctuation
0.005 (€12.50)
- Last Trading Day
At 10.00 - (London Local Time) Two business days prior to the third
Wednesday of the delivery month
- Exchange Delivery Settlement Price
Based on the European Money Markets Institute Euribor Rate (EMMI
Euribor) for three month Euro deposits at 11.00 Brussels time
(10:00 London time) on the Last Trading Day. The settlement price
will be 100.00 minus the EMMI Euribor Rate rounded to three decimal
places. Where the EDSP Rate is not an exact multiple of 0.001, it
will be rounded to the nearest 0.001 or, where the EDSP Rate is an
exact uneven multiple of 0.0005, to the nearest lower 0.001 (e.g. a
EMMI Euribor Rate of 4.5225 becomes 4.522).
- Wholesale Trade Types
Block Trading, Basis Trading, Asset Allocation
Minimum Volume Thresholds can be found
here- Contract Standard
Cash settlement based on the Exchange Delivery Settlement Price.
- NCR, RL and IPL Levels
NCR: 0.10;
RL: 0.10
IPL: 0.20, 1 second recalculation and 3 second hold periods.
To access NCR documentation click
here- Disclaimer
EURIBOR-EMMI makes no warranty, express or implied, either as to
the results to be obtained from the use of EURIBOR and / or the
figure at which EURIBOR stands at any particular time on any
particular day or otherwise. EURIBOR - EMMI makes no express or
implied warranties of merchantability or fitness for a particular
purpose for use with respect to the product and excludes all
liability for any loss of business or profits or for any direct,
indirect or consequential loss or damage arising from use of the
EURIBOR.
- MIC Code
- IFLL
- Clearing Venues
- ICNL