Contract Multiplier Law and Legal Definition

According to 17 CFR 41.43 [Title 17 -- Commodity and Securities Exchanges; Chapter I -- Commodity Futures Trading Commission; Part 41 -- Security Futures Products; Subpart E -- Customer Accounts and Margin Requirements], contract multiplier means “the number of units of a narrow-based security index expressed as a dollar amount, in accordance with the terms of the security future contract.”