In Delivery Month Certified Emission Reduction (CER) Serial Options

Contract Size
1000 CERs

Underlying Currency
Euros and Euro cents

Minimum Tick
€0.01 (1¢) per CER (€10.00 per contract)

Contract Months
The first contract month listed will be the March 2010 contract month. This contract will be listed on a consecutive quarterly basis through the September 2012 contract month with the exception of the December 2010 and December 2011 contract months, which will not be listed for trading.

Trading Hours
Submission for clearing through CME ClearPort is available from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time). There is a 45-minute halt in trading each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date). Open outcry trading on the Exchange trading floor is available between 9:00 a.m. and 2:30 p.m. (New York prevailing time) Monday through Friday, except on Exchange Holidays.

Termination of Trading
An In Delivery Month Certified Emission Reduction (CER) Serial Option contract listed on the Exchange shall expire at the close of trading three business days prior to the expiration of the closest March, June, September, or December contract month of the In Delivery Month Certified Emission Reduction (CER) Futures contract.

Settlement Type
A European-Style option that exercises into the underlying Futures Contract.

Strike Prices Listed
Ten strike prices in increments of €0.50 (50¢) per CER per above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.

Product Symbol
9E