- Trading Screen Product Name
- Robusta Coffee 1-Month CSO
- Trading Screen Hub Name
- ICEU
- Contract Symbol
RC1 (one-month series)
Determining the two futures contracts in a CSO pair requires
knowing both the underlying futures contract and the length of the
spread. For Robusta Coffee CSOs, the first two characters of the
contract code are RC and the last character indicates the length of
the spread.
For example, Contract Symbol “RC1”, the “1”
indicates that the second month in the spread pair is ONE month
forward from the front month of the pair. If the month symbol is
K18 (May 2018), the Contract Symbol “RC1” implies that
the second month in the pair is N18 (July 2018) – one
contract month forward from the K18.
Likewise, Contract Symbol “RC2”, would imply that the
second month in the pair is U18 (September 2018) – two
contract months forward from the K18.
- Contract Size
A spread position between the two Robusta Coffee Futures contracts
- Price Quotation
$ per tonne
- Contract Series
January, March, May, July, September, November.
1-month series: Each of the first nine listed futures months paired
with consecutive listed months.
- Minimum Price Fluctuation
$1 per tonne ($10)
- Daily Price Limit
None
- Exercise Procedure
American Style
- Strike Price Intervals
5-tick intervals ($5 per tonne)
- Last Trading Day
Each CSO contract expires at 12:30 PM on the last trading day of
the regular option on the earlier of the two contract months in the
spread pair; for example, all CSO contracts for which the March
2018 future is the front month of the pair will expire on the last
trading day of the March 2018 regular option.
- Call Option
Buyer of a CSO Call Option has the right to establish a spread
position of long the first month in the spread pair and short the
second month in the pair, at a price difference equal to the Strike
Price of the CSO contract.
- Put Option
Buyer of a CSO Put Option has the right to establish a spread
position of short the first month in the spread pair and long the
second month in the pair, at a price difference equal to the Strike
Price of the CSO contract.
- Strike Price
The Strike Price of an CSO contract can be positive (indicating the
price of the front month is above the price of the back month in
the pair), negative (indicating the price of the front month is
below the price of the back month in the pair) or zero (indicating
the prices of the two months in the pair are the same).
- MIC Code
- IFLX
- Clearing Venues
- ICEU