CME Eurodollar futures trading quotation is based on the three-month Eurodollar London quotation interest rate index, 100 minus the 360-day annual interest rate without the percent sign. When the transaction price of a three-month Eurodollar futures contract is 98.000, it means that the buyer of the contract will get a certificate of deposit with a principal of 65,438+0,000,000, an interest rate of 2% (65,438+0,000%-98%) and a term of three months.