CME Group » Energy » Powder River Basin Coal (Platts OTC
Energy Products
View an Energy Product
Powder River Basin Coal (Platts OTC Broker Index) Swap Futures
Settlements | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 
 
Powder River Basin Coal (Platts OTC Broker Index) Swap Futures
Product Symbol QP
Venue 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)
Open Outcry Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Size 1,000 tons
Price Quotation U.S. Dollars and Cents per ton
Minimum Fluctuation $0.01 per ton
Floating Price The floating price for each contract month will be equal to the final monthly average for the corresponding month of the Platts OTC Broker Index for the PRB, 8,800 Btu/lb., 0.8 lbs.  Sulfur/MMBtu Index published in Platt's Coal Trader in the table titled "OTC Broker Index" in the first regular issue of the contract month.
Termination of Trading Trading terminates on the 25th day of the month prior to the contract month.  If the 25th day is not a business day, the contract shall expire on the business day prior to the 25th.
Listed Contracts Trading is conducted in the current year and the next four years.  Contracts for each new year will be added following the termination of trading in the December contract of the current year.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 262
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.