Coal (API 4) fob Richards Bay (Argus/McCloskey) Calendar 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	1,000 metric tons
Minimum Price Fluctuation	0.01 per metric ton = $10.00
Price Quotation	U.S. dollars and cents per metric ton
Trading Hours	Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code	CME Globex: F4C CME ClearPort: F4C Clearing: F4C
Listed Contracts	Annual contracts (January) listed for 2 consecutive years
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 p.m. London time.
Exchange Rulebook	NYMEX 1118
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Settlement Method	Deliverable
Underlying	Cal Strip of Coal (API4) fob Richards Bay (Argus/McCloskey) Fut-Style Combo

Contract Unit	1,000 metric tons
Minimum Price Fluctuation	0.01 per metric ton = $10.00
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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: MFY CME ClearPort: MFY Clearing: MFY
Listed Contracts	Annual contracts (January) listed for 2 consecutive years
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 1114
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Settlement Method	Deliverable
Underlying	Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures

Contract Unit	12 consecutive futures contract months beginning with the underlying contract month of the option (each contract month is 1,000 metric tons, 12,000 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: RLA CME ClearPort: RLA Clearing: RLA
Listed Contracts	Annual contracts listed for 2 consecutive years.
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 918
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

Contract Unit	1,000 metric tons
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: MFO CME ClearPort: MFO Clearing: MFO
Listed Contracts	Monthly contracts listed for the current year and the next 4 calendar years. Monthly contracts fos a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading	Trading terminates on the last Friday of the contract month. If such Friday is a UK holiday, trading terminates 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 trading terminates on the Exchange business day immediately prior. Notwithstanding the above, if New Year's Day is a Friday, the immediately preceding December contract month terminates trading on the last business day of the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 929
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European (Exercise only on Expiration)
Settlement Method	Financially Settled
Underlying	Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures

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 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code	CME Globex: F4Q CME ClearPort: F4Q Clearing: F4Q
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 p.m. London time.
Exchange Rulebook	NYMEX 1119
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Settlement Method	Deliverable
Underlying	Qtr Strip of Coal (API4) fob Richards Bay (Argus/McCloskey) Fut-Style Combo

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

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