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Coal (API 4) fob Richards Bay (Argus/McCloskey) Quarterly Option Contract Specs

    Only option contracts expiring in 2019 are available both as equity- and futures-style margined options. Any contract expiring from 2020 onwards is available as futures-style margined only. See SER-8371 for further details.

Contract Unit 3 consecutive futures contract months beginning with the underlying contract month of the option (each contract month is 1,000 metric tons, 3,000 metric tons in total).
Minimum Price Fluctuation $0.01 per metric ton
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: RQA
CME ClearPort: RQA
Clearing: RQA
Listed Contracts Quarterly contracts listed for 10 consecutive quarters.
Termination Of Trading Trading terminates 30 calendar days prior to the first calendar day of the first month in the strip at 12:30 pm London Time. If such day is not a UK business day, trading terminates on the preceding UK business day.

Options are auto-exercised by the Exchange with reference to intraday prices published by the London Energy Brokers’ Association ('LEBA') on the expiration day. Traders may submit contra-instructions up to 2:30 pm London time.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 917
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Settlement Method Deliverable
Underlying Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures