PALLADIUM FUTURES - CONTRACT SPECS

Effective as of March 13, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of PA, RB, HO and all Associated Products. See SER 8561 for additional information.

Contract Unit	100 troy ounces
Price Quotation	U.S. dollars and cents per troy ounce
Trading Hours	CME Globex:	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) TAS: Sunday - Friday 6:00 p.m. - 1:00 p.m. (5:00 p.m. - Noon CT)
	CME ClearPort:	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)
Minimum Price Fluctuation	Outright: 0.50 per troy ounce = $50.00 TAS: Zero or +/- 10 ticks in the minimum tick increment of the outright
Product Code	CME Globex: PA CME ClearPort: PA Clearing: PA TAS: PAT
Listed Contracts	Monthly contracts listed for 3 consecutive months and quarterly contracts (Mar, Jun, Sep, Dec) listed for 15 months.
Settlement Method	Deliverable
Termination Of Trading	Trading terminates on the 3rd last business day of the contract month.
Trade At Marker Or Trade At Settlement Rules	Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.
Settlement Procedures	Palladium Futures Settlement Procedures
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 106
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Delivery Period	Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
Grade And Quality	Palladium delivered under this contract shall be a minimum of 99.95% pure.

Quick Links

Contract Related

Product Related

Delivery Notices

Resources

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs).
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

Markets Home

Market Data Home

Services Home

Education Home