ICE Silver Daily

A physically settled daily futures contract for silver delivered loco London in unallocated vault accounts.
Silver Daily Futures 	Silver Daily Futures 	Silver Daily Futures 	Silver Daily Futures
Trading Screen Product Name	Silver Daily Futures 	Silver Daily Futures 	Silver Daily Futures
Trading Screen Hub Name 	ICUS 	ICUS 	ICUS
Contract Symbol 	HIO 	HIO 	HIO
Contract Size 	5,000 fine troy ounces 	5,000 fine troy ounces 	5,000 fine troy ounces
Price Quotation 	US Dollars and cents per fine troy ounce 	US Dollars and cents per fine troy ounce 	US Dollars and cents per fine troy ounce
Eligible Contract Dates 	London Business Days on which commercial banks are generally open for business in New York 	London Business Days on which commercial banks are generally open for business in New York 	London Business Days on which commercial banks are generally open for business in New York
Minimum Price Fluctuation 	One half cent ($0.00500) per fine troy ounce ($25.00 per contract) except that Block and EFRP trades may be executed at $0.00001 per fine troy ounce ($0.05 per contract) 	One half cent ($0.00500) per fine troy ounce ($25.00 per contract) except that Block and EFRP trades may be executed at $0.00001 per fine troy ounce ($0.05 per contract) 	One half cent ($0.00500) per fine troy ounce ($25.00 per contract) except that Block and EFRP trades may be executed at $0.00001 per fine troy ounce ($0.05 per contract)
Settlement 	Physical Delivery 	Physical Delivery 	Physical Delivery
Delivery Locations 	Vaults in London operated by an LPMCL member which provides vaulting services for silver. 	Vaults in London operated by an LPMCL member which provides vaulting services for silver. 	Vaults in London operated by an LPMCL member which provides vaulting services for silver.
Grade/Standards/Quality 	Silver meeting the specification standards published by the LBMA for silver bars that are acceptable in settlement of unallocated loco London silver transactions, as revised from time to time.	Silver meeting the specification standards published by the LBMA for silver bars that are acceptable in settlement of unallocated loco London silver transactions, as revised from time to time.	Silver meeting the specification standards published by the LBMA for silver bars that are acceptable in settlement of unallocated loco London silver transactions, as revised from time to time.
Daily Price Limit 	None 	None 	None
Listing Cycle 	Up to 70 Eligible Contract Dates. 	Up to 70 Eligible Contract Dates. 	Up to 70 Eligible Contract Dates.
Last Trading Day 	The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD. 	The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD. 	The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD.
First Notice Day 	The London Business Day prior to the Contract Date. 	The London Business Day prior to the Contract Date. 	The London Business Day prior to the Contract Date.
Off Exchange Trade Types 	EFP, EFS, Block Trades 	EFP, EFS, Block Trades 	EFP, EFS, Block Trades
Block Trade Minimum 	5 contract block trade minimum quantity. 	5 contract block trade minimum quantity. 	5 contract block trade minimum quantity.
NCR, RL and IPL Levels 	NCR: $0.20000 per oz.
RL: $0.30000 per oz.
IPL: $0.40000 per oz. 	NCR: $0.20000 per oz.
RL: $0.30000 per oz.
IPL: $0.40000 per oz. 	NCR: $0.20000 per oz.
RL: $0.30000 per oz.
IPL: $0.40000 per oz.
Fees 	Screen, EFRP and Crossing Order Trades: $1.00 per side
Block Trades: $1.10 per side 	Screen, EFRP and Crossing Order Trades: $1.00 per side
Block Trades: $1.10 per side 	Screen, EFRP and Crossing Order Trades: $1.00 per side
Block Trades: $1.10 per side
Daily Settlement 	13:24 to 13:25 pm NY time 	13:24 to 13:25 pm NY time 	13:24 to 13:25 pm NY time
Position Limit 	10,000 lots in any month/all months combined 	10,000 lots in any month/all months combined 	10,000 lots in any month/all months combined
MIC Code 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:30 PM
19:30
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:30 AM
00:30
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:30 AM
08:30
Trading Hours 	*Next Day
Sunday only, 6pm open and 5:30 pm pre-open 	*Next Day
Sunday only, 6pm open and 5:30 pm pre-open 	*Next Day
Sunday only, 6pm open and 5:30 pm pre-open
Codes 	Clearing Admin Name 	Daily SilverMst 	Daily SilverMst
Codes 	Physical 	HIO 	HIO
Codes 	Logical 	HIO 	HIO
Codes 	GMI (FC) 	AV 	AV
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Silver Daily Product Spec
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