ICE Futures Europe

API4 Richards Bay Coal Early (122 days) Single Expiry Future

API4 Richards Bay Coal Early (122 days) Single Expiry Future32375885

Description

Contracts are financially settled based upon the price of coal loaded at the Richards Bay Coal Terminal in South Africa. The contract is cash settled against the API 4 Index published in the Argus/McCloskey Coal Price Index Report

Market Specifications

Trading Screen Product Name
Richards Bay Coal Futures
Trading Screen Hub Name
Richards Bay 1x Cal (122 days)
Commodity Code
AF1
Trading Model
These are non-tradable futures, used to support the ICE FUTURES RICHARDS BAY COAL EARLY (122 DAYS) SINGLE EXPIRY OPTION at expiry and to hold positions thereafter
Unit of Trading
Any multiple of 1,000 tonnes of coal.
Quotation
US Dollars and cents per tonne
Minimum Price Fluctuation
Screen: $0.01 per tonne.

EFP/EFS/Block: $0.01 per tonne
Maximum Price Fluctuation
No limits.
Daily Margin
All open contracts are marked-to-market daily.
Trading Period
Calendar Year options: 2 consecutive years.
Last Trading Day
Close of business 122/214/305 calendar days before the start of the contract period. If that day is a non-business day, expiry will be on the preceding business day.
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York2:00 AM - 6:00 PM
02:00 - 18:00
1:45 AM
01:45
London7:00 AM - 11:00 PM
07:00 - 23:00
6:45 AM
06:45
Singapore2:00 PM - 6:00 AM
14:00 - 06:00
1:45 PM
13:45

Codes

Clearing Admin Name
ICE Coal Rbay
Physical
AF1
Logical
AFR
GMI(FC)
R&N A.C.N.