LME NASAAC

NASSAC futures
Exchange	LME
Settlement	Physically delivered
Contract Size	20 tons (with a tolerance of +/- 2%)
Pricing Unit	Need pricing unit!
Tick Value	Ring - Outright $0.50, Carries $0.01 LME Select - Outright $0.25, Carries $0.01 Inter-office - Outright/Carries $0.01
Contract Months	Daily: out to 3 months Weekly: 3 out to 6 months Monthly: 7 out to 27 months
Last Trading Day	Up until the close of the first Ring the day before the prompt date
	Open Outcry	Electronic
Trading Hours	11:40 to 17:00 hours, London Time	01:00 to 19:00 hours, London Time
Ticker Symbol	N/A	NA
Price Limits	N/A	N/A
NASSAC options
Trade Unit	LME Aluminium Alloy futures - third Wednesday prompt of the contract month
Point Value	$0.01 per tonne
Tick Value	$0.01 per tonne
Option Months	Monthly out to 27 months
Strike Prices	$25 gradations for strikes from US$25 to US$3975 $50 gradations for strikes form US$4000 to US$7950 $100 gradations for all strikes over $US8000
	Open Outcry	Electronic
Trading Hours	11:40 to 17:00 hours, London Time	01:00 to 19:00 hours, London Time
Ticker Symbol	N/A	N/A
Price Limits	N/A	N/A

Notes

The NASAAC (North American Special Aluminium Alloy Contract) is an aluminium alloy contract that reflects the production and consumption of aluminium in North America. The contract was created in November 2001..

Resources

LME NASAAC Contract Specifications