- Trading Screen Product Name
- Newcastle Coal Futures
- Trading Screen Hub Name
- Newcastle 1x Cal (Futures-style)
- Contract Symbol
NWC
- Contract Series
4 consecutive years
- 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
- Price Quotation
The contract price is in US Dollars and in US Dollar Cents per
tonne
- 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 will cease when the intraday reference price is set 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.
- Option Style
European Style
- Option Premium
Futures Style
- Exercise Procedure
Expires into the ICE gC Newcastle Coal Futures contract with
European-style exercise. If the option is not abandoned, automatic
exercise will occur for options which are one or more ticks in the
money. At-The-Money and Out-of-The-Money options will expire
worthless. Members will have up to one hour after cessation of
trading on the option expiry day to manually abandon or exercise an
option.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU