|Contract Unit||12 consecutive futures beginning with the underlying month of the option contract (each future is 1,000 metric tons, 12,000 metric tons in total)|
|Minimum Price Fluctuation||$0.01 per metric ton|
|Price Quotation||U.S. dollars and cents per metric ton|
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)||Open Outcry:||Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)||CME ClearPort:||Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|Product Code||CME Globex: CLBCME ClearPort: CLAOpen Outcry: CLAClearing: CLA|
|Listed Contracts||CME Globex:||1 Month (1yr Calendar Spread)|
|CME ClearPort and Open Outcry:||2 Months (2-1yr Calendar Spreads)|
|Termination Of Trading|| 30 calendar days prior to the first calendar day of the first month in the strip. If such day is not a UK business day, the LTD shall be the first preceding UK business day. Last trade to be accepted at 5:00pm London time.
Options will be auto-exercised by the Exchange with reference to end of day prices published by the London Energy Brokers’ Association (‘LEBA’) on the expiration day. Contra-instructions may be submitted up to 6:00pm London time, or 15 minutes after the publication of the LEBA reference price, whichever is later.
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 910|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Prices Strike Price Interval||Ten strike prices in increments of $0.50 per ton above and below the at-the-money strike price, for a total of at least 21 strike prices. Strike price boundaries are adjusted according to price movements of underlying futures contract.|
|Underlying||Coal (API2) CIF ARA (ARGUS-McCloskey) Futures|