- Trading Screen Product Name
- Rotterdam Coal Futures
- Trading Screen Hub Name
- ARA APO (Futures-style)
- Contract Symbol
RCA
- Contract Series
Up to 48 consecutive months
Quarterly, seasonal, calendar, and any period of consecutive
monthly contracts can be registered as a strip. For example, a Q1
option is an option on Jan, an option on Feb, and an option on Mar,
with each option expiring thirty calendar days before the start of
the relevant contract month.
- Contract Size
1,000 metric tonnes per contract month
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Minimum Trading Size
Options: 1 lot = 1,000 metric tonnes Block Order: 5 lots = 5,000
metric tonnes
- Minimum Price Fluctuation
One cent ($0.01) per metric tonne
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Strike Price Increments
A minimum of 5 strike prices in increments of $0.05 above and below
the at-the-money Strike Price. Strike Price boundaries are adjusted
according to futures price movements. IFEU may add one or more
strike prices nearest to the last price listed as necessary
- Last Trading Day
Trading shall cease at 17:00 LLT on the last Friday of the delivery
month. In the event of a public holiday on such Friday, trading
shall cease at the close of business on the preceding Business Day.
- Option Style
European Style
- Option Premium
Futures Style
- Exercise Procedure
Expires into the ICE Rotterdam Coal Futures contract with
European-style exercise. Options 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.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU