- Trading Screen Product Name
- Newcastle Coal Futures
- Trading Screen Hub Name
- Newcastle APO (Futures-style)
- Contract Symbol
GNA
- Contract Series
Up to 48 consecutive months, 12 quarters and 4 calendar 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 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
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. Options will be automatically exercised on
the expiry day if they are ‘In-The-Money’. If an option
is 'At-The-Money' or ‘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