ICE Futures Europe

API2 Rotterdam Coal Cal 1x Options (Futures Style Margin)

API2 Rotterdam Coal Cal 1x Options (Futures Style Margin)64234307

Description

A European style single expiry option on an underlying monthly expiry ICE Rotterdam Coal futures contract as appropriate. It is futures style margined and will expire equally into the twelve underlying months which make up that calendar year.

Market Specifications

Trading Screen Product Name
Rotterdam Coal Futures Cal 1x Combo
Trading Screen Hub Name
ARA 1x Cal (Futures-style)
Commodity Code
ATD
Hedge Instrument
Rotterdam Coal Futures
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One cent ($0.01) per metric tonne
Minimum Price Fluctuation
One cent ($0.01) per metric tonne
Last Trading Day
17:00 LLT thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day
Option Style
Options are European style and will be automatically exercised on the expiry day if they are ‘in the money’. If an option is ‘out of the money’ it will expire automatically. It is not permitted to exercise the option on any other day or in any other circumstance. No manual exercise is permitted.
Option Premium / Daily Margin
Futures Style
Expiry
Thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day. The reference price will be the ICE Rotterdam API2 Coal Futures Contract (ATW).for the relevant contract period.
Strike Price Intervals
$0.05 increments from $10 to $150
Contract Series
4 Calendar years
Final Payment Date
One Clearing House Business Days following the Last Trading Day
Business Days
UK Business days
Trading Hours
07:00-23:00 London time
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 ARA
Physical
ATD
Logical
ATD
GMI(FC)
R&N A.C.N.