Rotterdam Coal (supporting Qtr 1x Options)3703294

Description

Contracts are financially settled based upon the price of coal delivered into the Amsterdam, Rotterdam, and Antwerp region in the Netherlands. The contract is cash settled against the API 2 Index published in the Argus/McCloskey Coal Price Index Report.

Market Specifications

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 ROTTERDAM COAL QTR 1X OPTIONS at expiry and to hold positions thereafter
Units per Lot
1,000 metric tonnes of thermal coal
Quotation
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
IFEU
Clearing Venue
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

*Next Day

NOTE: DST in the US will be different than BST time. See Circular 15030 and the associated attachment for temporary trading hours changes.

Codes

Clearing Admin Name
ICE Coal ARA
Physical
ATQ
Logical
ATW
GMI (FC)
IATQ
R&N A.C.N.