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Coal (API 4) fob Richards Bay (Argus/McCloskey) Short Dated Calendar Options Contract Specs

    Effective Sunday, 29 March 2015 for trade date Monday, 30 March 2015, and pending all relevant regulatory review periods, please be advised that NYMEX will launch Coal (API 4) fob Richards Bay (Argus/McCloskey) Short Dated Calendar Options.

Options
Underlying Futures Strip of 12 contracts code MFF (synthetic code CLP)
Product Symbol MFY
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. (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)
CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Size 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Option Style European
Minimum Fluctuation $0.01 per metric ton
Termination of Trading 30 calendar days prior to the first calendar day of the contract calendar month. 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
Listed Contracts April, July and October contracts listed for the current calendar year and next calendar year.
Strike Prices Strike prices in increments of $0.50 per metric ton
Settlement Type Physical-Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 1114
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.