Richards Bay Coal (supporting Qtr 1x Options)3703292


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 Qtr
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
These are non-tradable futures, used to support the RICHARDS BAY COAL QTR 1X OPTIONS at expiry and to hold positions thereafter
Units per Lot
1,000 metric tonnes of thermal coal
The contract price is in US Dollars and in US Dollar Cents per tonne
Minimum Price Flux
5 Dollar Cents per tonne
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
Maximum Price Flux
There are no limits.
Position Limits
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.
MIC Code
Clearing Venue

Trading Hours

New York2:00 AM - 6:00 PM
02:00 - 18:00
1:45 AM
London7:00 AM - 11:00 PM
07:00 - 23:00
6:45 AM
Singapore3:00 PM - 7:00 AM*
15:00 - 07:00
2:45 PM

NOTE: DST in the US will be different than BST time. See Circular 15213 and the associated attachment for temporary trading hours changes.


Clearing Admin Name
ICE Coal Rbay
R&N A.C.N.