|Contract Unit||1,000 metric tons
Clears in multiples of the number of contract months in the strip
|Minimum Price Fluctuation||0.01 per metric ton x 12-month strip = $120.00|
|Price Quotation||U.S. dollars and cents per metric ton|
|Trading Hours||CME Globex:||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)||CME ClearPort:||Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT|
|Product Code||CME Globex: F4CCME ClearPort: F4CClearing: F4C|
|Listed Contracts||Annual contracts (Jan) 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 Procedure||Exercises into a calendar strip of MFF futures|
|Underlying||Cal Strip of Coal (API4) fob Richards Bay (Argus/McCloskey) Fut-Style Combo|