ICE Futures Europe

Indo sub-bit. Coal Futures

Indo sub-bit. Coal Futures2557871


Contracts are financially settled based upon the price of coal loaded at the Kalimantan port in Indonesia. The contract is cash settled against the IHS McCloskey Indonesian Sub-Bituminous FOB Marker published in IHS McCloskey Coal Report.

Market Specifications

Trading Screen Product Name
FOB Indo sub-bit Coal Futures
Trading Screen Hub Name
FOB Indonesian
Trading Period
61-72 consecutive month contracts.

21-24 consecutive quarters.
Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.

6 consecutive years.
Years are strips of twelve individual and consecutive contract months comprising Jan - Dec.

Months, quarters, seasons, and calendars are listed in parallel. Upon expiry of a December monthly contract an additional 12 months, four quarters, and one calendar year are added.
Expiration Date
Trading will cease at 17:00 on the day of expiry of the delivery month, quarter, season, or calendar as applicable.
Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Futures Europe contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Model
Continuous trading throughout trading hours
Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading
1,000 metric tonnes of sub-bituminous coal
Contract Size
1,000 metric tonnes per contract month
Minimum Trading Size
1 lot = 1,000 metric tonnes
Minimum Block Order
5 lots = 5,000 metric tons
The contract price is in US Dollars and in US Dollar Cents per tonne
Minimum Price Fluctuation
5 Dollar Cents per tonne
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
Maximum Price Fluctuation
There are no limits.
Settlement Price
The weighted average price of trades during a ten-minute settlement period from 16:50:00 to 17:00:00, London Local Time. If there is low liquidity during this time, Quoted Settlement Prices (QSPs) will be used to establish the settlement price.
Position Limit
Positions are reported to the Exchange on a daily basis. The Exchange has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate members to limit the size of such positions or to reduce positions where appropriate.
Initial Margin
Calculated on all open contracts, initial margin is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.
Daily Margin
All open contracts are 'marked-to-market' daily, with variation margin being called for as appropriate.
Cessation Of Trading
The month contracts cease trading at 17:00:00, London Local Time on the last Friday of the contract delivery period. The quarters and calendar years cease trading as a quarter/calendar year at the close of business on the last Friday of the first month contract in that quarter/calendar year.
Delivery/Settlement Terms
The ICE FOB Indo sub-bit Coal Contract is cash-settled at an amount equal to the arithmetic average, for the corresponding month, of the IHS McCloskey Indonesian Sub-Bituminous FOB marker as published in IHS McCloskey Coal Report, IHS McCloskey Fax and IHS McCloskey Newswire. The cash-settlement price will be to 2 decimal places, i.e. $0.01.
MIC Code
Clearing Venues

Trading Hours

New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:55 AM

*Next Day


Clearing Admin Name
Indo Sub-Bit
R&N A.C.N.