C$1,000,000 nominal value of Canadian bankers' acceptance with a three-month maturity.

March, June, September and December plus two nearest non-quarterly months (serials).

Index : 100 minus the annualized yield of a three-month Canadian bankers' acceptance.

Trading ceases at 10:00 a.m. (Montréal time) on the 2nd London (Great Britain) banking day prior to the 3rd Wednesday of the contract month. If the fixed day is a Bourse or bank holiday in Montréal or Toronto, the last trading day shall be the previous bank business day. The final settlement price is based on the average of the three-month Canadian bankers' acceptance bid rates as quoted on CDOR page of Reuters' Monitor Service on the last trading day at 10:15 a.m. (Montréal time), excluding the highest and lowest values. CDOR is based on 365 days.

Cash settlement.

• 0.005 = C$12.50 per contract for the nearest three listed contract months, including serials.
• 0.01 = C$25.00 per contract for all other contract months.

300 contracts.

• Early session: A limit based on a risk percentage established by the clearing corporation and margin requirements, which both can change periodically.
• Regular session: None.
• Curb trading session: A trade may not take place at a price that is outside of the high and low of the day, except for contrats that have been settled outside of their high-low range of the day, in which case, trades may occur only at the settlement price.

• Early session: 6:00 a.m. to 7:45 a.m.
• Regular session: 8:00 a.m. to 3:00 p.m.
• Curb trading session: The curb trading session begins once settlement prices have been determined and ends at 4:00 p.m.