ICE Futures Europe

globalCOAL Fob Indo 4200 Coal Futures

globalCOAL Fob Indo 4200 Coal Futures68358271

Description

Contracts are financially settled based upon the price of coal loaded at the Kalimantan port in Indonesia. The contract is cash settled against the globalCOAL Monthly FOB INDO 4200 Index.

Market Specifications

Trading Screen Product Name
gC FOB Indo 4200 Coal Futures
Trading Screen Hub Name
ICEU
Commodity Code
I42
Contract Size
1,000 metric tonnes.
Unit of Trading
Any multiple of lots
Quotation
The contract price is in US$ per metric tonne.
Minimum Price Fluctuation
5 Dollar Cents per tonne
Settlement Price
Cash settlement using the Monthly FOB INDO 4200 Index published by globalCOAL
Last Trading Day
Trading will cease at 12:00 LLT on the last Friday of the delivery month, quarter, or calendar.
Settlement
The weighted average price of trades during a ten-minute settlement period from 16:50:00 to 17:00:00, LLT. If there is low liquidity during this time, Quoted Settlement Prices (QSPs) will be used to establish the settlement price.
Trading Period
Up to 48 consecutive months, 13 to 16 quarters and 3 calendar years
Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Minimum Trading Size
1 lot = 1,000 metric tonnes
Minimum Block Order
5 lots = 5,000 metric tonnes
Contract Security
ICE Clear Europe acts as the central counterparty for trades conducted on ICE Futures Europe.
Position Limit
All positions in any contract month must be reported to the ICE Futures Europe 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.
Delivery/Settlement Terms
The ICE FOB INDO 4200 Coal Contract is cash-settled at an amount equal to the monthly average globalCoal FOB INDO 4200 Index. The full methodology for calculation of the Index is available at www.globalcoal.com.
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
19:55
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
00:55
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:55 AM
07:55

*Next Day

Codes

Clearing Admin Name
Indo Sub-Bit
Physical
I42
Logical
I42
GMI(FC)
R&N A.C.N.