Contract Name
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Coal (API 5) fob Newcastle (Argus/McCloskey) Futures
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Commodity Code
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ACM
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Chapter
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1104
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Settlement Type
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Financial
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Contract Size
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1,000 metric tons
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Termination of Trading
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Trading shall cease on the last Friday of the contract month. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior.
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Minimum Price Fluctuation
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$0.05 per metric ton
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Final Settlement Price Tick
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$0.01 per metric ton
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Floating Price
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The Floating Price for each contract month shall be equal to the API 5 fob Newcastle 5,500 kcal/kg Monthly Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (i.e. being the average of weekly prices during the contract month)
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First Listed Month
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June 2013
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Listing Convention
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Open Outcry and CME ClearPort: The current year and the next calendar year
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CME Globex: The nearest six calendar months
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Trading Hours
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Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
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CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
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Exchange Fees
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Member Day
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Member
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Cross Division
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Non-Member
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IIP
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Pit
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n/a
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$5.00
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$6.00
|
$7.00
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||||||
Globex
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n/a
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$5.00
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$6.00
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$7.00
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$6.00
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|||||
ClearPort
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$5.00
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$7.00
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Other Processing Fees
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Member
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Non-Member
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Cash Settlement
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$1.00
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$1.00
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|
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Futures from E/A
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n/a
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n/a
|
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House Acct
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Customer Acct
|
|
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Options E/A Notice
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n/a
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n/a
|
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Delivery Notice
|
n/a
|
n/a
|
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Additional Fees and Surcharges
|
|
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EFS Surcharge
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n/a
|
|
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Block Surcharge
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n/a
|
|
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Facilitation Desk Fee
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$0.20
|
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