Yen options, FX Currency Options – The USD JPY FX options convention
The unit of trading shall be 12, Japanese yen. Central Time CT next day. Monday — Friday: p.
Yen options the next day, except on Friday - closes at p. For positions involving options on Japanese yen futures, this rule is superseded by the option position accountability rule.
Termination of Trading Futures trading shall terminate on the second business day immediately preceding the third Wednesday of the contract month. If the foregoing date for termination is a bank holiday in Chicago or New York City, futures trading shall terminate on the next preceding business day common to Chicago and New York City banks and the Exchange.
Central Time CT on the second business day immediately preceding the third Wednesday of the contract month usually Monday.
Settlement Type Delivery 1. Procedures In addition to the procedures and requirements contained in this chapter, delivery procedures shall be governed by the rules set forth in Chapter 7.
Delivery Days Delivery shall be made on the third Wednesday of the contract month. If that day is not a business day in the country of delivery or is a bank holiday in either Chicago or New York City, yen options delivery shall be made on the next day which is a business day in the country of delivery and is not a bank holiday in Chicago or New York City.