ICE Futures Europe

globalCOAL Newcastle Coal Cal 1x Options (Futures Style Margin)

globalCOAL Newcastle Coal Cal 1x Options (Futures Style Margin)69732252

Description

The ICE gC Newcastle Coal Single Expiry Options contract is an option on the underlying monthly expiry ICE gC Newcastle Coal futures contract. A calendar year single expiry option will expire equally into the twelve underlying months which make up that calendar year. For example, a 5 lot Cal-20 gC Newcastle Coal single expiry option, if exercised, will result in 5 lots of each of the monthly gC Newcastle Coal futures contracts for 2020.

Market Specifications

Trading Screen Product Name
Newcastle Coal Futures
Trading Screen Hub Name
Newcastle 1x Cal (Futures-style)
Commodity Code
NWC
Hedge Instrument
gC Newcastle Coal Futures
Unit of Trading
Any multiple of 1,000 metric tonnes
Minimum Block Order
5 lots = 5,000 metric tonnes
Currency
US Dollars and cents
Quotation
Dollars per 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
Open Style
European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise.
Option Premium
Futures Style
Strike Price Increments
$0.05 increments from $10 to $150
Contract Series
4 consecutive years
Business Days
UK Business days
Trading Hours
01:00-23:00 London time
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
Coal Newc
Physical
NWC
Logical
NWC
GMI(FC)
R&N A.C.N.