Czech Koruna

CZK/USD Futures

Normal Daily Settlement

The daily settlements of CZK/USD futures (CZK) are determined by CME Group staff based on trading activity on CME Globex and relevant information available in the cash market.

Lead Month

The lead month is the expiry month and the contract expected to be the most active.

Tier 1: If trades in the lead month contract occur on Globex between 13:59:30 and 14:00:00 CT, the settlement period, then the contract settles to the volume-weighted average price (VWAP) of trades occurring during this 30-second period.

Tier 2: If trades do not occur on Globex between 13:59:30 and 14:00:00 CT, then CME staff uses quote vendor spot rates and forward points to International Monetary Market (IMM) dates to determine the lead contract’s synthetic daily settlement.

Back Months

All back months will settle to interpolated prices from WM Reuters. The settlements will be normalized against the Lead Month settle vs. the interpolated price for the lead month from WM Reuters. All settlements for back months will be validated against any spread markets involving the lead month.

Normal Final Settlement

CME Group staff determines the settlement of the expiring CZK/USD (CZK) futures contract by following the regular daily settlement procedure.

Additional Details

CZK/USD (CZK) futures are physically delivered upon expiration. For additional details on delivery, please see the CME Rulebook (Chapter 266).