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Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strips Contract Specs

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