About CME Euroyen Futures

CME lists futures and options contracts that settle to the three-month Euroyen Tokyo Interbank Offered Rate (TIBOR) and futures on the three-month Euroyen London Interbank Offered Rate (LIBOR). With these exchange-traded derivatives, Euroyen traders have the ability to custom-tailor their hedges in the Japanese short-term interest rate markets with the least amount of basis risk.

CME Euroyen contracts have a principal value of 100,000,000 Japanese yen with a three-month maturity. The contract moves in 1/2-point increments (1/2 point = .005 = 1,250 yen) and trades March, June, September and December, as well as 20 months or five years of the March quarterly cycle.

CME Euroyen futures and options contracts traded on CME Globex are the same contracts that CME customers have traded for years via open outcry and the 3-month Euroyen TIBOR futures will continue to be eligible for Mutual Offset (MOS) with the Singapore Exchange (SGX). However, these contracts will now allow traders and hedgers to manage their risk well beyond the limits of their own trading day—across all three time zones. Additionally, they will have the added benefit of substantial performance bond savings thanks to cross margining of their CME Euroyen positions with other CME interest rate products and Chicago Board of Trade interest rate products via out Common Clearing Link.

Benefits of CME Euroyen futures on CME Globex

• Virtually 24-hours a day access
• Implied price functionality
• Designated market makers
• Complex option combination and spread trades functionality

For more information on CME Euroyen futures and options on CME Globex, click here.