ICE Robusta Coffee Futures

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Robusta Coffee Futures
Trading Screen Product Name	Robusta Coffee Future
Trading Screen Hub Name	ICEU
Contract Symbol	RC
Contract Size	Ten Tonnes
Price Quotation	£ per metric tonne
Contract Series	January, March, May, July, September, November, such that ten delivery months are available for trading
Minimum Price Fluctuation	$1 per tonne ($10)
Settlement	Physical Delivery
Delivery Locations	Delivered in an Exchange Nominated Warehouse in Europe or the U.S.A.
Grade/Standards/Quality	Class 1 Robusta Coffee deliverable at Contract price. Other qualities deliverable at set premiums and discounts.
Daily Price Limit	None
Deliverable Origins	Robusta Coffee from any Origin that is freely available for export to any destination
First Notice Day	Fourth business day preceding the first business day of the delivery month.
Last Trading Day	Fourth business day preceding the last business day of the delivery month at 12:30.
Last Notice Day	Fourth business day preceding the last business day of the delivery month.
Delivery Limit	Delivery limits for IFEU Softs can be found here.
Markers	TAS (Trade at Settlement)
MIC Code	IFLX
Clearing Venues	ICEU
Trading Hours	CITY	TRADING	PRE-OPEN
	NEW YORK	4:00 AM - 12:30 PM 04:00 - 12:30	8:00 PM 20:00
	LONDON	9:00 AM - 5:30 PM 09:00 - 17:30	1:00 AM 01:00
	SINGAPORE	5:00 PM - 1:30 AM 17:00 - 01:30	9:00 AM 09:00
Codes	Clearing Admin Name	Robusta
	Physical	RC
	Logical	RC
	GMI (FC)	RC
	ION A.C.N.	None

Robusta Coffee Options
Trading Screen Product Name	Robusta Coffee Future
Trading Screen Hub Name	ICEU
Contract Symbol	RC
Contract Size	One Robusta Coffee futures contract
Price Quotation	$ per tonne
Contract Series	January, March, May, July, September, November such that ten expiry months are available for trading. The first expiry month for this Contract is November 2008.
Minimum Price Fluctuation	$1 per tonne ($10)
Exercise	American style
Daily Price Limit	None
Strike Price Intervals	$25 per tonne up to $1,000 $50 per tonne from $1,001 and above
Expiration Date	12:30 on the third Wednesday of the calendar month preceding the expiry month
MIC Code	IFLX
Clearing Venues	ICEU
Trading Hours	CITY	TRADING	PRE-OPEN
	NEW YORK	4:00 AM - 12:30 PM 04:00 - 12:30	None
	LONDON	9:00 AM - 5:30 PM 09:00 - 17:30	None
	SINGAPORE	5:00 PM - 1:30 AM 17:00 - 01:30	None
Codes	Clearing Admin Name	Robusta
	Physical	RC
	Logical	RC
	GMI (FC)	RC
	ION A.C.N.	None

Robusta Coffee 1-Month Calendar Spread Options
Trading Screen Product Name	Robusta Coffee 1-Month CSO
Trading Screen Hub Name	ICEU
Contract Symbol	RC1 (one-month series) Determining the two futures contracts in a CSO pair requires knowing both the underlying futures contract and the length of the spread. For Robusta Coffee CSOs, the first two characters of the contract code are RC and the last character indicates the length of the spread. For example, Contract Symbol “RC1”, the “1” indicates that the second month in the spread pair is ONE month forward from the front month of the pair. If the month symbol is K18 (May 2018), the Contract Symbol “RC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18. Likewise, Contract Symbol “RC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.
Contract Size	A spread position between the two Robusta Coffee Futures contracts
Price Quotation	£ per tonne
Contract Series	January, March, May, July, September, November. 1-month series: Each of the first nine listed futures months paired with consecutive listed months.
Minimum Price Fluctuation	£1 per tonne (£10)
Daily Price Limit	None
Exercise	American Style
Strike Price Intervals	5-tick intervals (£5 per tonne)
Last Trading Day	Each CSO contract expires at 12:30 PM on the last trading day of the regular option on the earlier of the two contract months in the spread pair; for example, all CSO contracts for which the March 2018 future is the front month of the pair will expire on the last trading day of the March 2018 regular option.
Call Option	Buyer of a CSO Call Option has the right to establish a spread position of long the first month in the spread pair and short the second month in the pair, at a price difference equal to the Strike Price of the CSO contract.
Put Option	Buyer of a CSO Put Option has the right to establish a spread position of short the first month in the spread pair and long the second month in the pair, at a price difference equal to the Strike Price of the CSO contract.
Strike Price	The Strike Price of an CSO contract can be positive (indicating the price of the front month is above the price of the back month in the pair), negative (indicating the price of the front month is below the price of the back month in the pair) or zero (indicating the prices of the two months in the pair are the same).
MIC Code	IFLX
Clearing Venues	ICEU
Trading Hours	CITY	TRADING	PRE-OPEN
	NEW YORK	4:00 AM - 12:30 PM 04:00 - 12:30	8:00 PM 20:00
	LONDON	9:00 AM - 5:30 PM 09:00 - 17:30	1:00 AM 01:00
	SINGAPORE	5:00 PM - 1:30 AM 17:00 - 01:30	9:00 AM 09:00
Codes	Clearing Admin Name	Robusta
	Physical	RC1
	Logical	RC1
	GMI (FC)	C1
	ION A.C.N.	None

Robusta Coffee 2-Month Calendar Spread Options
Trading Screen Product Name	Robusta Coffee 2-Month CSO
Trading Screen Hub Name	ICEU
Contract Symbol	RC2 (two-month series) Determining the two futures contracts in a CSO pair requires knowing both the underlying futures contract and the length of the spread. For Robusta Coffee CSOs, the first two characters of the contract code are RC and the last character indicates the length of the spread. For example, Contract Symbol “RC1”, the “1” indicates that the second month in the spread pair is ONE month forward from the front month of the pair. If the month symbol is K18 (May 2018), the Contract Symbol “RC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18. Likewise, Contract Symbol “RC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.
Contract Size	A spread position between the two Robusta Coffee Futures contracts
Price Quotation	£ per tonne
Contract Series	January, March, May, July, September, November. 2-month series: Each of the first eight listed futures months paired with the second month forward from that month.
Minimum Price Fluctuation	£1 per tonne (£10)
Daily Price Limit	None
Exercise	American Style
Strike Price Intervals	5-tick intervals (£5 per tonne)
Last Trading Day	Each CSO contract expires at 12:30 PM on the last trading day of the regular option on the earlier of the two contract months in the spread pair; for example, all CSO contracts for which the March 2018 future is the front month of the pair will expire on the last trading day of the March 2018 regular option.
Call Option	Buyer of a CSO Call Option has the right to establish a spread position of long the first month in the spread pair and short the second month in the pair, at a price difference equal to the Strike Price of the CSO contract.
Put Option	Buyer of a CSO Put Option has the right to establish a spread position of short the first month in the spread pair and long the second month in the pair, at a price difference equal to the Strike Price of the CSO contract.
Strike Price	The Strike Price of an CSO contract can be positive (indicating the price of the front month is above the price of the back month in the pair), negative (indicating the price of the front month is below the price of the back month in the pair) or zero (indicating the prices of the two months in the pair are the same).
MIC Code	IFLX
Clearing Venues	ICEU
Trading Hours	CITY	TRADING	PRE-OPEN
	NEW YORK	4:00 AM - 12:30 PM 04:00 - 12:30	8:00 PM 20:00
	LONDON	9:00 AM - 5:30 PM 09:00 - 17:30	1:00 AM 01:00
	SINGAPORE	5:00 PM - 1:30 AM 17:00 - 01:30	9:00 AM 09:00
Codes	Clearing Admin Name	Robusta
	Physical	RC2
	Logical	RC2
	GMI (FC)	C2
	ION A.C.N.	None

Resources

ICE Robusta Coffee Product Spec

ICE Robusta Coffee 1-Month Calendar Spread Product Spec

ICE ICE Robusta Coffee 2-Month Calendar Spread Product Spec