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DAP FOB NOLA Swaps Contract Specs

Contract Unit 100 short tons
Price Quotation U.S. dollars per short ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.25 per short ton = $25.00
Product Code CME ClearPort: DFL
Clearing: DFL
Listed Contracts Monthly contracts listed for 12 consecutive 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 Jan-Nov contract months: Trading terminates on the last Thursday of the contract month. If this is not a U.S. or London business day, trading terminates on the prior U.S. and London business day.
 
Dec contract month: Trading terminates on the Thursday prior to December 26th. If this is not a U.S. or London business day, trading terminates on the prior U.S. and London business day.
Settlement Procedures Fertilizer Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 48
Vendor Codes Quote Vendor Symbols Listing