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Description

A monthly cash settled future based on the Platts weekly assessment price for Ammonia CFR NW Europe (duty paid/duty free).

Market Specifications

Trading Screen Product Name

Ammonia Futures

Trading Screen Hub Name

Ammonia CFR NWE (Platts)

Contract Symbol

AOC

Contract Size

100 metric tonnes

Unit of Trading

Any multiple of 100 metric tonnes

Currency

US Dollars and cents

Trading Price Quotation

One cent ($0.01) per metric tonne

Settlement Price Quotation

One tenth of one cent ($0.001) per metric tonne

Minimum Price Fluctuation

One tenth of one cent ($0.001) per metric tonne

Last Trading Day

Last Thursday of the contract month. If such a Thursday is not a business day, then the Last Trading Day will be the business day prior, the same as the publication date of the Platts Fertecon Ammonia Report.

The December contract month Last Trading Day will be the Thursday prior to Christmas Day.

Floating Price

In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.

Final Settlement

In respect of final settlement, the Floating Price will be a price in US Dollars and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the weekly “Platts Fertecon Ammonia” report under the heading “Ammonia price indications” subheading “CFR prices” for “NW Europe (duty paid/duty free)” for each business day in the determination period.

Contract Series

Up to 36 consecutive months

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

Publication days for Platts Fertecon Ammonia Daily

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes