- Trading Screen Product Name
- Silver Daily Futures
- Trading Screen Hub Name
- Commodity Code
- Contract Size
5,000 fine troy ounces
- Price Quotation
US Dollars and cents per fine troy ounce
- Eligible Contract Dates
London Business Days on which commercial banks are generally open
for business in New York
- Minimum Price Fluctuation
One half cent ($0.00500) per fine troy ounce ($25.00 per contract)
except that Block and EFRP trades may be executed at $0.00001 per
fine troy ounce ($0.05 per contract)
- Delivery Points
Vaults in London operated by an LPMCL member which provides
vaulting services for silver.
Silver meeting the specification standards published by the LBMA
for silver bars that are acceptable in settlement of unallocated
loco London silver transactions, as revised from time to time.
- Daily Price Limit
- Listing Cycle
Up to 70 Eligible Contract Dates.
- Last Trading Day
The London Business Day prior to the Contract Date; trading in the
expiring Contract Date ends at noon London time on LTD.
- First Notice Day
The London Business Day prior to the Contract Date.
- Off Exchange Trade Types
EFP, EFS and Block Trades permitted
- Block Trade Minimum
- NCR, RL and IPL Levels
NCR: $0.20000 per oz.
RL: $0.30000 per oz.
IPL: $0.40000 per oz.
- Exchange Fees
Screen, EFRP and Crossing Order Trades: $1.00 per side
Block Trades: $1.10 per side
- Daily Settlement
13:24 to 13:25 pm NY time
- Position Limit
10,000 lots in any month/all months combined
- MIC Code
- Clearing Venues