Palladium Futures Contract Specs

Amendments being made to Palladium Futures eligible metal rules and delivery process, effective with the July 2019 contract month. See SER 8099 for Details.

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 5:00 p.m. - 12:00 p.m.(CT) (6:00 p.m. - 1:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m.(CT) (5:00 p.m. ET)
	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	0.10 per troy ounce = $10.00
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 is eligible in the first active contract month - March, June, September, December.
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.

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