Historical Futures Prices: SGX Eurodollar Futures, September 2017 (EDU2017), September 2017. Eurodollar Futures are based upon time deposits denominated in U.S. dollars at banks outside U.S.. Final settlement price is determined by the three month London Interbank Offered Rate (LIBOR) interest rate, and are cash settled on a notional principal of USD 1million. LIBOR is a daily reference rate calculated and published by Thomson Reuters on behalf of the British Bankers' Association (BBA), and represents the interest rates at which banks borrow U.S. dollars from other banks in the London wholesale money market. Contract Size: US$1,000,000 per contract. Final Settlement Price: The Final Settlement Price shall be 100 minus the British Bankers' Association Interest Settlement Rate for the Three (3) Month Eurodollar interbank time deposits, rounded to the nearest ten thousandth (1/10000 th ) of a percentage point, on the second London bank business day immediately preceding the third Wednesday of the Contract Month. Decimal fractions ending in a 5 are rounded up. For example, an average rate of 821/32% 8.65625% would be rounded to 8.6563 and then subtracted from 100 to determine a Final Settlement Price of 91.3437. The sixteen (16) reference banks selected by the British Bankers' Association to provide offered rates are major participants in the London Eurodollar market.