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	CME Globex: ICT CME ClearPort: ICT 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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