ICE Newcastle Coal Futures

globalCOAL Newcastle Coal Futures	globalCOAL Newcastle Coal Futures 	globalCOAL Newcastle Coal Futures 	globalCOAL Newcastle Coal Futures
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle 	Newcastle 	Newcastle
Trading Period 	Up to 84 consecutive month contracts.
25-28 consecutive quarters.
Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.
6 consecutive years.
Years are strips of twelve individual and consecutive contract months comprising Jan - Dec.
Months, quarters, seasons, and calendars are listed in parallel. Upon expiry of a December monthly contract an additional 12 months, four quarters, and one calendar year are added.	Up to 84 consecutive month contracts.
25-28 consecutive quarters.
Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.
6 consecutive years.
Years are strips of twelve individual and consecutive contract months comprising Jan - Dec.
Months, quarters, seasons, and calendars are listed in parallel. Upon expiry of a December monthly contract an additional 12 months, four quarters, and one calendar year are added.	Up to 84 consecutive month contracts.
25-28 consecutive quarters.
Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.
6 consecutive years.
Years are strips of twelve individual and consecutive contract months comprising Jan - Dec.
Months, quarters, seasons, and calendars are listed in parallel. Upon expiry of a December monthly contract an additional 12 months, four quarters, and one calendar year are added.
Expiration Date 	Trading will cease at 12:00 LLT on the last Friday of the delivery month, quarter, or calendar. 	Trading will cease at 12:00 LLT on the last Friday of the delivery month, quarter, or calendar. 	Trading will cease at 12:00 LLT on the last Friday of the delivery month, quarter, or calendar.
Contract Security 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Futures Europe contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Futures Europe contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Futures Europe contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Model 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours
Trading Methods 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading 	1,000 metric tonnes of thermal coal 	1,000 metric tonnes of thermal coal 	1,000 metric tonnes of thermal coal
Contract Size 	1,000 metric tonnes per contract month 	1,000 metric tonnes per contract month 	1,000 metric tonnes per contract month
Minimum Trading Size 	1 lot = 1,000 metric tonnes 	1 lot = 1,000 metric tonnes 	1 lot = 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Quotation 	The contract price is in US Dollars and in US Dollar Cents per tonne 	The contract price is in US Dollars and in US Dollar Cents per tonne 	The contract price is in US Dollars and in US Dollar Cents per tonne
Minimum Price Fluctuation 	5 Dollar Cents per tonne 	5 Dollar Cents per tonne 	5 Dollar Cents per tonne
Tick Value 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux
Settlement Price 	The cash settlement price of the contract is equal to the arithmetic mean of the price of each hour between 00:00 am and 24:00 of all days throughout the contract delivery period for the German Day-Ahead auction comprising the control area operated by Amprion GmbH 	The cash settlement price of the contract is equal to the arithmetic mean of the price of each hour between 00:00 am and 24:00 of all days throughout the contract delivery period for the German Day-Ahead auction comprising the control area operated by Amprion GmbH 	The cash settlement price of the contract is equal to the arithmetic mean of the price of each hour between 00:00 am and 24:00 of all days throughout the contract delivery period for the German Day-Ahead auction comprising the control area operated by Amprion GmbH
Initial Margin 	Calculated on all open contracts, initial margin is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest. 	Calculated on all open contracts, initial margin is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest. 	Calculated on all open contracts, initial margin is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.
Daily Margin 	All open contracts are 'marked-to-market' daily, with variation margin being called for as appropriate. 	All open contracts are 'marked-to-market' daily, with variation margin being called for as appropriate. 	All open contracts are 'marked-to-market' daily, with variation margin being called for as appropriate.
Delivery/Settlement Terms 	The ICE Newcastle Coal Futures Contract is cash-settled at an amount equal to the monthly average global COAL Newcastle Index. The full methodology for calculation of the index is available at www.globalcoal.com 	The ICE Newcastle Coal Futures Contract is cash-settled at an amount equal to the monthly average global COAL Newcastle Index. The full methodology for calculation of the index is available at www.globalcoal.com 	The ICE Newcastle Coal Futures Contract is cash-settled at an amount equal to the monthly average global COAL Newcastle Index. The full methodology for calculation of the index is available at www.globalcoal.com
Additional Information 	The globalCOAL Monthly Newcastle Index is the average of each Weekly Newcastle Index as calculated on each Friday falling in that calendar month. The Weekly Newcastle Index is the weighted average of two elements: (1) The weighted average price of transactions. (2) An average of bids and offers. The full methodology for calculation of the Index is available at globalCOAL.	The globalCOAL Monthly Newcastle Index is the average of each Weekly Newcastle Index as calculated on each Friday falling in that calendar month. The Weekly Newcastle Index is the weighted average of two elements: (1) The weighted average price of transactions. (2) An average of bids and offers. The full methodology for calculation of the Index is available at globalCOAL.	The globalCOAL Monthly Newcastle Index is the average of each Weekly Newcastle Index as calculated on each Friday falling in that calendar month. The Weekly Newcastle Index is the weighted average of two elements: (1) The weighted average price of transactions. (2) An average of bids and offers. The full methodology for calculation of the Index is available at globalCOAL.
Contract Symbol 	NCF 	NCF 	NCF
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	NCF 	NCF
Codes 	Logical 	NCF 	NCF
Codes 	GMI (FC) 	N1 	N1
Codes 	ION A.C.N. 	QG65 	QG65
globalCOAL Newcastle Coal Options (Futures Style Margin)	globalCOAL Newcastle Coal Options (Futures Style Margin) 	globalCOAL Newcastle Coal Options (Futures Style Margin) 	globalCOAL Newcastle Coal Options (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle (Futures-style) 	Newcastle (Futures-style) 	Newcastle (Futures-style)
Contract Symbol 	GNO 	GNO 	GNO
Hedge Instrument 	ICE gC Newcastle Coal Futures contract. 	ICE gC Newcastle Coal Futures contract. 	ICE gC Newcastle Coal Futures contract.
Trading Period 	Up to 60 consecutive months
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring thirty calendar days before the start of the relevant contract month. 	Up to 60 consecutive months
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring thirty calendar days before the start of the relevant contract month. 	Up to 60 consecutive months
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring thirty calendar days before the start of the relevant contract month.
Expiration Date 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, expiry will be on the preceding business day. For example, on 30 November 2012, the January 2013, Quarter 1 2013 and Calendar Year 2013 contracts will expire. 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, expiry will be on the preceding business day. For example, on 30 November 2012, the January 2013, Quarter 1 2013 and Calendar Year 2013 contracts will expire. 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, expiry will be on the preceding business day. For example, on 30 November 2012, the January 2013, Quarter 1 2013 and Calendar Year 2013 contracts will expire.
Contract Security 	ICE Clear Europe (ICEU) acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe (ICEU) acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe (ICEU) acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Model 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours
Trading Methods 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading 	1,000 metric tonnes of thermal coal 	1,000 metric tonnes of thermal coal 	1,000 metric tonnes of thermal coal
Minimum Trading Size 	1 lot = 1,000 metric tonnes 	1 lot = 1,000 metric tonnes 	1 lot = 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Quotation 	The contract price is in US Dollars and in US Dollar Cents per tonne 	The contract price is in US Dollars and in US Dollar Cents per tonne 	The contract price is in US Dollars and in US Dollar Cents per tonne
Strike Price Increments 	Strike range of 10.00-150.00 Dollars per tonne. Multiples of $.05 per tonne. 	Strike range of 10.00-150.00 Dollars per tonne. Multiples of $.05 per tonne. 	Strike range of 10.00-150.00 Dollars per tonne. Multiples of $.05 per tonne.
Minimum Price Fluctuation 	1 dollar cent per tonne 	1 dollar cent per tonne 	1 dollar cent per tonne
Minimum Tick 	$0.01 per tonne. 	$0.01 per tonne. 	$0.01 per tonne.
Maximum Price Fluctuation 	There are no limits. 	There are no limits. 	There are no limits.
Position Limit 	Positions are reported to the Exchange on a daily basis. The Exchange has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate members to limit the size of such positions or to reduce positions where appropriate. 	Positions are reported to the Exchange on a daily basis. The Exchange has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate members to limit the size of such positions or to reduce positions where appropriate. 	Positions are reported to the Exchange on a daily basis. The Exchange has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate members to limit the size of such positions or to reduce positions where appropriate.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Exercise 	Expires into the ICE gC Newcastle Coal Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money. At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	Expires into the ICE gC Newcastle Coal Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money. At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	Expires into the ICE gC Newcastle Coal Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money. At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	GNO 	GNO
Codes 	Logical 	GNO 	GNO
Codes 	GMI (FC) 	KP 	KP
Codes 	ION A.C.N. 	None 	None
globalCOAL Newcastle Coal Average Price Options (Futures Style Margin)	globalCOAL Newcastle Coal Average Price Options (Futures Style Margin) 	globalCOAL Newcastle Coal Average Price Options (Futures Style Margin) 	globalCOAL Newcastle Coal Average Price Options (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle APO (Futures-style) 	Newcastle APO (Futures-style) 	Newcastle APO (Futures-style)
Contract Symbol 	GNA 	GNA 	GNA
Hedge Instrument 	gC Newcastle Coal Futures 	gC Newcastle Coal Futures 	gC Newcastle Coal Futures
Contract Size 	1,000 metric tonnes 	1,000 metric tonnes 	1,000 metric tonnes
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Settlement Price Quotation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Minimum Price Fluctuation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
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. 	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. 	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 	Options are European style and will be automatically exercised on the expiry day if they are ‘in the money’. If an option is ‘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.	Options are European style and will be automatically exercised on the expiry day if they are ‘in the money’. If an option is ‘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.	Options are European style and will be automatically exercised on the expiry day if they are ‘in the money’. If an option is ‘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.
Option Premium / Daily Margin 	Futures Style 	Futures Style 	Futures Style
Expiry 	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. 	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. 	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.
Strike Price Increments 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150
Contract Series 	Up to 48 consecutive months, 12 quarters and 4 calendar years 	Up to 48 consecutive months, 12 quarters and 4 calendar years 	Up to 48 consecutive months, 12 quarters and 4 calendar years
Final Payment Date 	One Clearing House Business Days following the Last Trading Day 	One Clearing House Business Days following the Last Trading Day 	One Clearing House Business Days following the Last Trading Day
Business Days 	UK Business days 	UK Business days 	UK Business days
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	GNA 	GNA
Codes 	Logical 	GNA 	GNA
Codes 	GMI (FC) 	KJ 	KJ
Codes 	ION A.C.N. 	None 	None
globalCOAL Newcastle Coal Cal 1x Options (Futures Style Margin)	globalCOAL Newcastle Coal Cal 1x Options (Futures Style Margin) 	globalCOAL Newcastle Coal Cal 1x Options (Futures Style Margin) 	globalCOAL Newcastle Coal Cal 1x Options (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle 1x Cal (Futures-style) 	Newcastle 1x Cal (Futures-style) 	Newcastle 1x Cal (Futures-style)
Contract Symbol 	NWC 	NWC 	NWC
Hedge Instrument 	gC Newcastle Coal Futures 	gC Newcastle Coal Futures 	gC Newcastle Coal Futures
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Quotation 	Dollars per tonne 	Dollars per tonne 	Dollars per tonne
Minimum Price Fluctuation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Last Trading Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day
Option Style 	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Strike Price Increments 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150
Contract Series 	4 consecutive years 	4 consecutive years 	4 consecutive years
Business Days 	UK Business days 	UK Business days 	UK Business days
Trading Hours 	01:00-23:00 London time 	01:00-23:00 London time 	01:00-23:00 London time
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	NWC 	NWC
Codes 	Logical 	NWC 	NWC
Codes 	GMI (FC) 	OX 	OX
Codes 	ION A.C.N. 	None 	None
globalCOAL Newcastle Coal Early (122 days) Single Expiry Options (Futures Style Margin)	globalCOAL Newcastle Coal Early (122 days) Single Expiry Options (Futures Style Margin) 	globalCOAL Newcastle Coal Early (122 days) Single Expiry Options (Futures Style Margin) 	globalCOAL Newcastle Coal Early (122 days) Single Expiry Options (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle 1x Cal (122 days Futures-style) 	Newcastle 1x Cal (122 days Futures-style) 	Newcastle 1x Cal (122 days Futures-style)
Contract Symbol 	NWE 	NWE 	NWE
Hedge Instrument 	Rotterdam Coal Futures 	Rotterdam Coal Futures 	Rotterdam Coal Futures
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Quotation 	Dollars per tonne 	Dollars per tonne 	Dollars per tonne
Minimum Price Fluctuation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Last Trading Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 122 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 122 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 122 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day
Option Style 	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Strike Price Increments 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150
Contract Series 	2 consecutive years 	2 consecutive years 	2 consecutive years
Business Days 	UK Business days 	UK Business days 	UK Business days
Trading Hours 	01:00-23:00 London time 	01:00-23:00 London time 	01:00-23:00 London time
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	NWE 	NWE
Codes 	Logical 	NWE 	NWE
Codes 	GMI (FC) 	OZ 	OZ
Codes 	ION A.C.N. 	None 	None
globalCOAL Newcastle Coal Early (214 days) Single Expiry Options (Futures Style Margin)	globalCOAL Newcastle Coal Early (214 days) Single Expiry Options (Futures Style Margin) 	globalCOAL Newcastle Coal Early (214 days) Single Expiry Options (Futures Style Margin) 	globalCOAL Newcastle Coal Early (214 days) Single Expiry Options (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle 1x Cal (214 days Futures-style) 	Newcastle 1x Cal (214 days Futures-style) 	Newcastle 1x Cal (214 days Futures-style)
Contract Symbol 	NWF 	NWF 	NWF
Hedge Instrument 	Rotterdam Coal Futures 	Rotterdam Coal Futures 	Rotterdam Coal Futures
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Quotation 	Dollars per tonne 	Dollars per tonne 	Dollars per tonne
Minimum Price Fluctuation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Last Trading Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 214 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 214 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 214 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day
Option Style 	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Strike Price Increments 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150
Contract Series 	2 consecutive years 	2 consecutive years 	2 consecutive years
Business Days 	UK Business days 	UK Business days 	UK Business days
Trading Hours 	01:00-23:00 London time 	01:00-23:00 London time 	01:00-23:00 London time
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00" 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	NWF 	NWF
Codes 	Logical 	NWF 	NWF
Codes 	GMI (FC) 	O1 	O1
Codes 	ION A.C.N. 	None 	None
globalCOAL Newcastle Coal Early (305 days) Single Expiry Option (Futures Style Margin)	globalCOAL Newcastle Coal Early (305 days) Single Expiry Option (Futures Style Margin) 	globalCOAL Newcastle Coal Early (305 days) Single Expiry Option (Futures Style Margin) 	globalCOAL Newcastle Coal Early (305 days) Single Expiry Option (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle 1x Cal (305 days Futures-style) 	Newcastle 1x Cal (305 days Futures-style) 	Newcastle 1x Cal (305 days Futures-style)
Contract Symbol 	NWG 	NWG 	NWG
Hedge Instrument 	Rotterdam Coal Futures 	Rotterdam Coal Futures 	Rotterdam Coal Futures
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Quotation 	Dollars per tonne 	Dollars per tonne 	Dollars per tonne
Minimum Price Fluctuation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Last Trading Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 305 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 305 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, 305 calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day
Option Style 	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Strike Price Increments 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150
Contract Series 	2 consecutive years 	2 consecutive years 	2 consecutive years
Business Days 	UK Business days 	UK Business days 	UK Business days
Trading Hours 	01:00-23:00 London time 	01:00-23:00 London time 	01:00-23:00 London time
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	NWG 	NWG
Codes 	Logical 	NCF 	NCF
Codes 	GMI (FC) 	O2 	O2
Codes 	ION A.C.N. 	None 	None
globalCOAL Newcastle Coal Qtr 1x Options (Futures Style Margin)	globalCOAL Newcastle Coal Qtr 1x Options (Futures Style Margin) 	globalCOAL Newcastle Coal Qtr 1x Options (Futures Style Margin) 	globalCOAL Newcastle Coal Qtr 1x Options (Futures Style Margin)
Trading Screen Product Name 	Newcastle Coal Futures 	Newcastle Coal Futures 	Newcastle Coal Futures
Trading Screen Hub Name 	Newcastle 1x Qtr (Futures-style) 	Newcastle 1x Qtr (Futures-style) 	Newcastle 1x Qtr (Futures-style)
Contract Symbol 	NWD 	NWD 	NWD
Hedge Instrument 	gC Newcastle Coal Futures 	gC Newcastle Coal Futures 	gC Newcastle Coal Futures
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Minimum Block Order 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes 	5 lots = 5,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Quotation 	Dollars per tonne 	Dollars per tonne 	Dollars per tonne
Minimum Price Fluctuation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Last Trading Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day 	Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, thirty calendar days before the start of the contract period. If that day is a non-business day, trading will cease on the preceding Business Day
Option Style 	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.	European style options, exercisable into NCF. If the option is not abandoned, automatic exercise would occur for options which are in the money. Options at-the-money and out-of-the-money will expire unless the holder has manually elected to exercise. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Strike Price Increments 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150 	$0.05 increments from $10 to $150
Contract Series 	12 consecutive quarters 	12 consecutive quarters 	12 consecutive quarters
Business Days 	UK Business days 	UK Business days 	UK Business days
Trading Hours 	01:00-23:00 London time 	01:00-23:00 London time 	01:00-23:00 London time
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Coal Newc 	Coal Newc
Codes 	Physical 	NWD 	NWD
Codes 	Logical 	NWD 	NWD
Codes 	GMI (FC) 	OY 	OY
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE globalCOAL Newcastle Coal Product Spec
ICE globalCOAL Newcastle Coal Options (Futures Style Margin) Product Spec
Category:Sponsored Pages
Category:Sponsored Pages - ICE
Category:Reserved Pages
Category:Reserved Pages - ICE
Category:Coal Futures Contracts
Category:Futures Contracts Traded on ICE
Category:Energy Futures Contracts
Category:Futures Data in Template