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DAP FOB NOLA Swaps Contract Specs

Contract Unit 100 short tons
Price Quotation U.S. Dollars per ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:45 p.m. CT with a 15-minute break each day beginning at 5:45 p.m. CT
Minimum Price Fluctuation $0.25 ($25 per contract)
Product Code CME ClearPort: DFL
Open Outcry: DFL
Clearing: DFL
Listed Contracts 12 consecutive calendar months
Settlement Method Financially Settled
Floating Price The Floating price shall be based on the arithmetic average of midpoint price assessments published weekly by both ICIS and Profercy during the contract month.
Termination Of Trading Last Thursday of the contract month or if that day is not a business day, on the preceding business day with exception of December- See Rule 48106
Settlement Procedures Financial
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 48
Vendor Codes Quote Vendor Symbols Listing