Your browser is unsupported

Please visit this URL to review a list of supported browsers.

ICE Markets Expiry Calendar

New enhancements to our digital expiry calendar help you easily access important information for the markets you trade.

View now

API4 Richards Bay Coal Cal 1x Options (Futures Style Margin)69732263
ICE Futures Europe

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



The ICE Richards Bay Coal Single Expiry Options contract is an option on the underlying monthly expiry ICE Richard's Bay 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 Richards Bay Coal single expiry option, if exercised, will result in 5 lots of each of the monthly Richards Bay Coal futures contracts for 2020.

Market Specifications

Trading Screen Product Name
Richards Bay Coal Futures
Trading Screen Hub Name
Richards Bay 1x Cal (Futures-style)
Contract Symbol
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
Trading will cease when the intraday reference price is set, 12:50 - 13:00 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
Option 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. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium
Futures Style
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
Contract Series
4 consecutive years
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
O-ICE Coal Rbay
Symbol Code