IRON ORE 62% FE, CFR CHINA (TSI) AVERAGE PRICE OPTION - CONTRACT SPECS
| Contract Unit | 500 dry metric tons | ||||
| Minimum Price Fluctuation | 0.01 per dry metric ton = $5.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | Clearing: ICT | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates on the last Singapore business day of the contract month. | ||||
| 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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