1. Today, the Eurodollar futures final settlement price is based on a survey conducted by the British Bankers’ Association of 16 reference banks in London. The banks are asked at what rate they could borrow U.S. dollars for a 3-month term. The responses are placed in rank order, and then the middle two quartiles are arithmetically averaged. The final settlement price is 100 minus this average rate, rounded to 4 decimal places.