- Trading Screen Product Name
- Newcastle Coal Futures
- Trading Screen Hub Name
- Newcastle APO (Futures-style)
- Contract Symbol
GNA
- Hedge Instrument
gC Newcastle Coal Futures
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One cent ($0.01) per metric tonne
- Minimum Price Fluctuation
One cent ($0.01) per metric tonne
- 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
Options are European style and 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.
- Option Premium / Daily Margin
Futures Style
- Expiry
The last Friday of the delivery month. In the event of a public
holiday on such Friday, the expiry will be on the preceding
Business Day. The reference price will be a price in USD and cents
per metric tonne, equal to the globalCoal Newcastle Index for the
relevant contract month.
- 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
Up to 48 consecutive months, 12 quarters and 4 calendar years
- Final Payment Date
One Clearing House Business Days following the Last Trading Day
- Business Days
UK Business days
- MIC Code
- IFEU
- Clearing Venues
- ICEU