|Contract Unit||100 metric tons|
|Price Quotation||Quoted in U.S. Dollars and cents per metric ton|
|Trading Hours||Sunday - Friday 23:00 hours - 22:00 hours London time. Friday close at 22:00 hours and reopens at 23:00 hours London time on Sunday.|
|Minimum Price Fluctuation||
CME Globex: Quoted in multiples of $0.25 per metric ton ($25 per Contract).
CME ClearPort: Quoted in multiples of $0.001 per metric ton ($0.10 per Contract).
The Daily Settlement Price fluctuation is $0.001 per metric ton.
The minimum Final Settlement Price fluctuation is $0.001 per metric ton
|Product Code||CME Globex: RBACME ClearPort: RBAClearing: RBA|
|Listed Contracts||24 consecutive calendar months|
|Settlement Method||Financially Settled|
|Termination Of Trading||Trading terminates on the last Business Day of the Contract month at 16:30 hours London time|
|Settlement Procedures||Settlement prices established at 17:30 hours London time
The Final Settlement Price shall be equal to the arithmetic average of midpoint between the high and low quotations published daily by Argus Media for “RED Rapeseed OME fob ARA range” for each Business Day that is determined during the Contract month.
|Exchange Rulebook||CME Europe Limited Contract Module Chapter BA04|
|Block Minimum||Ten (10)|
|Vendor Codes||Quote Vendor Symbols Listing|