FEX API5 Newcastle Coal (AUD) (Argus-McCloskey)

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Quarterly cash settled futures and options based on the Coal API5 Index (fob Newcastle) weekly, as calculated and published by Argus-McCloskey in AUD.[1]

FEX API5 Newcastle Coal (AUD) (Argus-McCloskey) - Futures and Options
Contract Unit 500 metric tonnes of Coal per contract
Currency AUD
Minimum Price Increment (tick size) AUD$0.01 (AUD$5.00 per contract)
Contract Months March, June, September, and December for 8 quarters
Contract Code NC
Contract Type Cash settled
Trading Hours Day; 10.00am - 6.30pm

Night; 8.30pm - 7.00am

Last Trading Day 3rd Friday of the Contract Month, or prior day if not a business day in Sydney, or London
Settlement Date Second business day in Sydney after the Last Trading Day
Expiry Settlement Price Coal API5 Index (fob Newcastle) weekly, as calculated and published by Argus-McCloskey in AUD
Option Type European
Option Strike Price Intervals Put and Call options, set at intervals of AUD$1.00, with a minimum of 25 strikes either side of the underlying Reference Price
Option Settlement Process Options which are "in the money", with respect to Expiry Settlement Price, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically

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