I just got into CME Eurodollar futures and I discovered that the notional value for that contract is considered to be 1 million \$.
I thought wrongly that it was 250 000 \$. I saw some explanations (3 months and not 12 months) but I'm not convinced since I don't know any precise definition of the notional for a future contract and I didn't find one. Do you know one that matches that result ?
Thank you !