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Palladium Futures Contract Specs

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: 0.10 per troy ounce = $10.00

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.