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The IMM dates are the four quarterly dates of each year which certain money market and Foreign Exchange futures contracts and option contracts use as their scheduled maturity date or termination date. The dates are the third Wednesday of March, June, September and December (i.e., between the 15th and 21st, whichever such day is a Wednesday).
The International Monetary Market (IMM), a related exchange created within the old Chicago Mercantile Exchange and largely the creation of Leo Melamed, was one of four divisions of the CME Group (CME), the largest futures exchange in the United States, for the trading of futures contracts and options on futures.
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The process-data diagram below (Figure 1) depicts the process of determining the maturity level of the implementation process under guidance of the IMM. Note that it only represents the evaluation process and not the process of determining actions to improve an organization's way of implementing. Figure 1: Process-data diagram – IMM assessment
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