ICE Futures Europe

API4 Richards Bay Coal Qtr 1x Options (Futures Style Margin)

API4 Richards Bay Coal Qtr 1x Options (Futures Style Margin)69732265


The ICE Richards Bay Coal Single Expiry Options contract is an option on the underlying monthly expiry ICE Richards Bay Coal futures contract. A quarterly single expiry option will expire equally into the three underlying months which make up that quarter. For example, a 5 lot Q1 Richard's Bay Coal single expiry option, if exercised, will result in 5 lots of each of a Jan, Feb, and Mar Richards Bay Coal futures contract.

Market Specifications

Trading Screen Product Name
Richards Bay Coal Futures
Trading Screen Hub Name
Richards Bay 1x Qtr (Futures-style)
Commodity Code
Hedge Instrument
Richards Bay Coal Futures
Unit of Trading
Any multiple of 1,000 metric tonnes
Minimum Block Order
5 lots = 5,000 metric tonnes
US Dollars and cents
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 AFR. 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
12 consecutive quarters
Business Days
UK Business days
Trading Hours
01:00-23:00 London time
MIC Code
Clearing Venues

Trading Hours

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

*Next Day


Clearing Admin Name
ICE Coal Rbay
R&N A.C.N.