Contracts TIO and ICT will be amended with effect from 1 January 2018 to reflect TSI's specification changes. See SER 7838 for details.

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Iron Ore 62% Fe, CFR China (TSI) Average Price Option Contract Specs

Contract Unit	One Iron Ore 62% Fe, CFR China (TSI) Futures
Minimum Price Fluctuation	$0.01 per dry metric ton
Price Quotation	U.S. dollars and cents per dry 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: ICT CME ClearPort: ICT Clearing: ICT
Listed Contracts	Monthly contracts listed for the current year and the next 3 calendar years. Monthly contracts for 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 business day of the contract month. Business days are based on the Singapore Public Holiday calendar. If the last business day of the contract month is a Singapore public holiday, the last trade date will be the business day immediately preceding the holiday.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 644
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	Financially Settled
Underlying	Iron Ore 62% Fe, CFR China (TSI) Futures

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