ICE U.S. Coffee "C" Arabica

ICE U.S. Coffee "C" contract is the world benchmark contract for Arabica coffee. The contract prices physical delivery of exchange-grade green beans from one of 19 countries of origin in a licensed warehouse in one of several ports in the U.S. and Europe, with stated premiums/discounts for ports and growths.
Coffee "C" is the world's leading coffee contract and is used by the coffee industry to price Arabica.
== Uses ==
Dried Coffee "C" Arabica seeds "beans" are roasted, ground, and brewed to make coffee. The two most important species of coffee economically speaking are Coffea Arabica (Arabica coffee) - which accounts for over 70% of world production - and Coffea Canephora (Robusta coffee). Two other species which are grown on a much smaller scale are Coffea Liberica (Liberica coffee) and Coffea Dewevrei (Excelsa coffee). 
Arabica beans are primarily grown in Brazil, with the next highest production coming from Columbia and Central America. The highest volume buyers of coffee are Nestle, Sara Lee, Proctor & Gamble, and Kraft, who purchase about 50% of all coffee products worldwide.
== Data Quotes ==
ICE offers data quotes on a subscription basis. 
Coffee C ® Arabica Futures 	Coffee C ® Arabica Futures 	Coffee C ® Arabica Futures 	Coffee C ® Arabica Futures
Trading Screen Product Name	Coffee "C" Futures 	Coffee "C" Futures 	Coffee "C" Futures
Trading Screen Hub Name 	NYCC 	NYCC 	NYCC
Contract Symbol 	KC 	KC 	KC
Contract Size 	37,500 pounds 	37,500 pounds 	37,500 pounds
Price Quotation 	Cents and hundredths of a cent up to two decimal places 	Cents and hundredths of a cent up to two decimal places 	Cents and hundredths of a cent up to two decimal places
Contract Series 	March, May, July, September, December 	March, May, July, September, December 	March, May, July, September, December
Minimum Price Fluctuation 	5/100 cent/lb., equivalent to $18.75 per contract. 	5/100 cent/lb., equivalent to $18.75 per contract. 	5/100 cent/lb., equivalent to $18.75 per contract.
Settlement 	Physical Delivery 	Physical Delivery 	Physical Delivery
Grade/Standards/Quality 	A Notice of Certification is issued based on testing the grade of the beans and by cup testing for flavor. The Exchange uses certain coffees to establish the "basis". Coffees judged better are at a premium; those judged inferior are at a discount. 	A Notice of Certification is issued based on testing the grade of the beans and by cup testing for flavor. The Exchange uses certain coffees to establish the "basis". Coffees judged better are at a premium; those judged inferior are at a discount. 	A Notice of Certification is issued based on testing the grade of the beans and by cup testing for flavor. The Exchange uses certain coffees to establish the "basis". Coffees judged better are at a premium; those judged inferior are at a discount.
Daily Price Limit 	None 	None 	None
Deliverable Origins 	Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, Papua New Guinea, Panama, Tanzania, Uganda, Honduras, and Peru all at par, Colombia at 400 point premium, Burundi, Rwanda, Venezuela and India at 100 point discount, Dominican Republic and Ecuador at 400 point discount, and Brazil at 600 point discount.	Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, Papua New Guinea, Panama, Tanzania, Uganda, Honduras, and Peru all at par, Colombia at 400 point premium, Burundi, Rwanda, Venezuela and India at 100 point discount, Dominican Republic and Ecuador at 400 point discount, and Brazil at 600 point discount.	Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, Papua New Guinea, Panama, Tanzania, Uganda, Honduras, and Peru all at par, Colombia at 400 point premium, Burundi, Rwanda, Venezuela and India at 100 point discount, Dominican Republic and Ecuador at 400 point discount, and Brazil at 600 point discount.
Delivery Locations 	Exchange licensed warehouse in the Ports of New York District, Virginia, New Orleans, Houston, Miami, Bremen/Hamburg, Antwerp and Barcelona.
The New York and Virginia delivery points are par; the New Orleans, Miami and Houston delivery points are at a discount of 0.50 cents per pound; and the Bremen/Hamburg, Antwerp and Barcelona delivery points are at a discount of 1.25 cents per pound.	Exchange licensed warehouse in the Ports of New York District, Virginia, New Orleans, Houston, Miami, Bremen/Hamburg, Antwerp and Barcelona.
The New York and Virginia delivery points are par; the New Orleans, Miami and Houston delivery points are at a discount of 0.50 cents per pound; and the Bremen/Hamburg, Antwerp and Barcelona delivery points are at a discount of 1.25 cents per pound.	Exchange licensed warehouse in the Ports of New York District, Virginia, New Orleans, Houston, Miami, Bremen/Hamburg, Antwerp and Barcelona.
The New York and Virginia delivery points are par; the New Orleans, Miami and Houston delivery points are at a discount of 0.50 cents per pound; and the Bremen/Hamburg, Antwerp and Barcelona delivery points are at a discount of 1.25 cents per pound.
First Notice Day 	Seven business days prior to first business day of delivery month. 	Seven business days prior to first business day of delivery month. 	Seven business days prior to first business day of delivery month.
Last Trading Day 	One business day prior to last notice day 	One business day prior to last notice day 	One business day prior to last notice day
Last Notice Day 	Seven business days prior to the last business day of the delivery month 	Seven business days prior to the last business day of the delivery month 	Seven business days prior to the last business day of the delivery month
Position Limit 	Position Limit and Position Accountability information for all IFUS products can be found here. 	Position Limit and Position Accountability information for all IFUS products can be found here. 	Position Limit and Position Accountability information for all IFUS products can be found here.
Markers 	TAS (Trade at Settlement) 	TAS (Trade at Settlement) 	TAS (Trade at Settlement)
MIC Code 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	4:15 AM - 1:30 PM
04:15 - 13:30 	8:00 PM
20:00
Trading Hours 	LONDON 	9:15 AM - 6:30 PM
09:15 - 18:30 	1:00 AM
01:00
Trading Hours 	SINGAPORE 	5:15 PM - 2:30 AM
17:15 - 02:30 	9:00 AM
09:00
Trading Hours 	**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:00 pm to 6:00 pm NY time on the prior Exchange business day. 	**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:00 pm to 6:00 pm NY time on the prior Exchange business day. 	**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:00 pm to 6:00 pm NY time on the prior Exchange business day.
Codes 	Clearing Admin Name 	Coffee C 	Coffee C
Codes 	Physical 	KC 	KC
Codes 	Logical 	KC 	KC
Codes 	GMI (FC) 	43 	43
Codes 	ION A.C.N. 	2065 	2065
Coffee C ® Arabica Options 	Coffee C ® Arabica Options 	Coffee C ® Arabica Options 	Coffee C ® Arabica Options
Trading Screen Product Name 	Coffee "C" Futures 	Coffee "C" Futures 	Coffee "C" Futures
Trading Screen Hub Name 	NYCC 	NYCC 	NYCC
Contract Symbol 	KC 	KC 	KC
Contract Size 	One Coffee C futures contract (37,500 pounds) 	One Coffee C futures contract (37,500 pounds) 	One Coffee C futures contract (37,500 pounds)
Price Quotation 	Cents and hundredths of a cent up to two decimal places 	Cents and hundredths of a cent up to two decimal places 	Cents and hundredths of a cent up to two decimal places
Contract Series 	Regular Options: March, May, July, September and December
Serial Options: January,Febuary, April, June, August, October and November. For a serial option, the underlying future is the next Regular futures contract month 	Regular Options: March, May, July, September and December
Serial Options: January,Febuary, April, June, August, October and November. For a serial option, the underlying future is the next Regular futures contract month 	Regular Options: March, May, July, September and December
Serial Options: January,Febuary, April, June, August, October and November. For a serial option, the underlying future is the next Regular futures contract month
Minimum Price Fluctuation 	1/100 cent/lb, equivalent to $3.75 per contract 	1/100 cent/lb, equivalent to $3.75 per contract 	1/100 cent/lb, equivalent to $3.75 per contract
Exercise 	American style 	American style 	American style
Daily Price Limit 	None 	None 	None
Strike Price Intervals 	Strike increment is $0.025 cents per pound. 	Strike increment is $0.025 cents per pound. 	Strike increment is $0.025 cents per pound.
First Trading Day (Regular Options)	Business day following the business day on which the underlying futures trade is listed. 	Business day following the business day on which the underlying futures trade is listed. 	Business day following the business day on which the underlying futures trade is listed.
First Trading Day (Serial Options) 	First business day of the third calendar month preceding the serial option month. 	First business day of the third calendar month preceding the serial option month. 	First business day of the third calendar month preceding the serial option month.
Last Trading Day 	Second Friday of the calendar month preceding such regular or serial option month; provided, however, that for each option, there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future .	Second Friday of the calendar month preceding such regular or serial option month; provided, however, that for each option, there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future .	Second Friday of the calendar month preceding such regular or serial option month; provided, however, that for each option, there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future .
Expiration Date 	17:00 Eastern time on the last trading day. Automatic exercise at one tick or more in-the-money at expiration on last trading day. 	17:00 Eastern time on the last trading day. Automatic exercise at one tick or more in-the-money at expiration on last trading day. 	17:00 Eastern time on the last trading day. Automatic exercise at one tick or more in-the-money at expiration on last trading day.
Position Limit 	Position Limit and Position Accountability information for all IFUS products can be found here. 	Position Limit and Position Accountability information for all IFUS products can be found here. 	Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	4:45 AM - 1:30 PM
04:45 - 13:30 	8:00 PM
20:00
Trading Hours 	LONDON 	9:45 AM - 6:30 PM
09:45 - 18:30 	1:00 AM
01:00
Trading Hours 	SINGAPORE 	5:45 PM - 2:30 AM
17:45 - 02:30 	9:00 AM
09:00
Trading Hours 	*Next Day
In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:50 pm to 6:00 pm NY time on the prior Exchange business day. 	*Next Day
In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:50 pm to 6:00 pm NY time on the prior Exchange business day. 	*Next Day
In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:50 pm to 6:00 pm NY time on the prior Exchange business day.
Codes 	Clearing Admin Name 	Cocoa 	Cocoa
Codes 	Physical 	CC 	CC
Codes 	Logical 	CC 	CC
Codes 	GMI (FC) 	CY 	CY
Codes 	ION A.C.N. 	2050 	2050
Weekly Coffee "C" Arabica Options	Weekly Coffee "C" Arabica Options 	Weekly Coffee "C" Arabica Options 	Weekly Coffee "C" Arabica Options
Trading Screen Product Name 	Coffee "C" Weekly 	Coffee "C" Weekly 	Coffee "C" Weekly
Trading Screen Hub Name 	NYCC 	NYCC 	NYCC
Contract Size 	One Coffee “C” futures contract 	One Coffee “C” futures contract 	One Coffee “C” futures contract
Tick Size 	.01 cent per lb., equivalent to $3.75 per contract 	.01 cent per lb., equivalent to $3.75 per contract 	.01 cent per lb., equivalent to $3.75 per contract
Strike Price Intervals 	2.50 cents per lb./250 point increments 	2.50 cents per lb./250 point increments 	2.50 cents per lb./250 point increments
Exercise 	American style. Exercise of a Weekly Option will result in creation of a position in the underlying Coffee “C” future contract. 	American style. Exercise of a Weekly Option will result in creation of a position in the underlying Coffee “C” future contract. 	American style. Exercise of a Weekly Option will result in creation of a position in the underlying Coffee “C” future contract.
Trading Hours 	ETS: 3:30 am to 2:00 pm NY time
Floor: 8:00 am to 1:30 pm NY time 	ETS: 3:30 am to 2:00 pm NY time
Floor: 8:00 am to 1:30 pm NY time 	ETS: 3:30 am to 2:00 pm NY time
Floor: 8:00 am to 1:30 pm NY time
Expiration Date 	17:28 on the second Thursday of the calendar month immediately preceding the expiry month 	17:28 on the second Thursday of the calendar month immediately preceding the expiry month 	17:28 on the second Thursday of the calendar month immediately preceding the expiry month
Last Trading Day 	Each OFS contract expires on the last trading day of the regular option on the earlier of the two contract months in the spread pair; for example, all OFS contracts for which the March 2011 future is the front month of the pair will expire on the ltd of the March 2011 regular option.	Each OFS contract expires on the last trading day of the regular option on the earlier of the two contract months in the spread pair; for example, all OFS contracts for which the March 2011 future is the front month of the pair will expire on the ltd of the March 2011 regular option.	Each OFS contract expires on the last trading day of the regular option on the earlier of the two contract months in the spread pair; for example, all OFS contracts for which the March 2011 future is the front month of the pair will expire on the ltd of the March 2011 regular option.
First Trading Day 	See Sugar Rule 11.42 for details on the listing cycle. 	See Sugar Rule 11.42 for details on the listing cycle. 	See Sugar Rule 11.42 for details on the listing cycle.
Contract Symbol 	KCW
The Contract Symbol shown above will be used for weekly options listed on and after September 8, 2014. For information on the symbols used prior to that date please go to IFUS_Weekly_Options_FAQ. 	KCW
The Contract Symbol shown above will be used for weekly options listed on and after September 8, 2014. For information on the symbols used prior to that date please go to IFUS_Weekly_Options_FAQ. 	KCW
The Contract Symbol shown above will be used for weekly options listed on and after September 8, 2014. For information on the symbols used prior to that date please go to IFUS_Weekly_Options_FAQ.
Underlying Contract 	The first listed future contract for which the Regular monthly option on the future contract has not yet expired. 	The first listed future contract for which the Regular monthly option on the future contract has not yet expired. 	The first listed future contract for which the Regular monthly option on the future contract has not yet expired.
MIC Code 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	3:30 AM - 2:00 PM
03:30 - 14:00 	8:00 PM
20:00
Trading Hours 	LONDON 	8:30 AM - 7:00 PM
08:30 - 19:00 	1:00 AM
01:00
Trading Hours 	SINGAPORE 	4:30 PM - 3:00 AM
16:30 - 03:00 	9:00 AM
09:00
Codes 	Clearing Admin Name 	O-Coffee C 	O-Coffee C
Codes 	Physical 	KCW 	KCW
Codes 	Logical 	KCW 	KCW
Codes 	GMI (FC) 	KW 	KW
Codes 	ION A.C.N. 	None 	None
Coffee "C" Arabica 1-Month Calendar Spread Options	Coffee "C" Arabica 1-Month Calendar Spread Options 	Coffee "C" Arabica 1-Month Calendar Spread Options 	Coffee "C" Arabica 1-Month Calendar Spread Options
Trading Screen Product Name 	Coffee "C" 1-Month CSO 	Coffee "C" 1-Month CSO 	Coffee "C" 1-Month CSO
Trading Screen Hub Name 	NYCC 	NYCC 	NYCC
Contract Symbol 	KC1 (“1 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 Coffee "C" CSOs, the first two characters of the contract code are KC and the last character indicates the length of the spread.
For example, Contract Symbol “KC1”, 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 “KC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.
Likewise, Contract Symbol “KC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.	KC1 (“1 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 Coffee "C" CSOs, the first two characters of the contract code are KC and the last character indicates the length of the spread.
For example, Contract Symbol “KC1”, 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 “KC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.
Likewise, Contract Symbol “KC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.	KC1 (“1 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 Coffee "C" CSOs, the first two characters of the contract code are KC and the last character indicates the length of the spread.
For example, Contract Symbol “KC1”, 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 “KC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.
Likewise, Contract Symbol “KC2”, 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 Futures contracts 	A spread position between the two Futures contracts 	A spread position between the two Futures contracts
Price Quotation 	Cents and hundredths of a cent per pound 	Cents and hundredths of a cent per pound 	Cents and hundredths of a cent per pound
Contract Series 	March, May, July, September and December.
1 Month Series: each of the first four listed futures months paired with consecutive listed months 	March, May, July, September and December.
1 Month Series: each of the first four listed futures months paired with consecutive listed months 	March, May, July, September and December.
1 Month Series: each of the first four listed futures months paired with consecutive listed months
Minimum Price Fluctuation 	1/100 of a cent (one ‘point’) per pound 	1/100 of a cent (one ‘point’) per pound 	1/100 of a cent (one ‘point’) per pound
Daily Price Limit 	None 	None 	None
Strike Price Intervals 	25 point increments. 	25 point increments. 	25 point increments.
Last Trading Day 	Each CSO contract expires 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. 	Each CSO contract expires 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. 	Each CSO contract expires 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. 	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. 	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. 	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. 	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).	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).	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 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	4:15 AM - 1:30 PM
04:15 - 13:30 	8:00 PM
20:00
Trading Hours 	LONDON 	9:15 AM - 6:30 PM
09:15 - 18:30 	1:00 AM
01:00
Trading Hours 	SINGAPORE 	5:15 PM - 2:30 AM
17:15 - 02:30 	9:00 AM
09:00
Codes 	Clearing Admin Name 	O-Coffee C 	O-Coffee C
Codes 	Physical 	KC1 	KC1
Codes 	Logical 	KC1 	KC1
Codes 	GMI (FC) 	K1 	K1
Codes 	ION A.C.N. 	None 	None
Coffee "C" Arabica 2-Month Calendar Spread Options	Coffee "C" Arabica 2-Month Calendar Spread Options 	Coffee "C" Arabica 2-Month Calendar Spread Options 	Coffee "C" Arabica 2-Month Calendar Spread Options
Trading Screen Product Name 	Coffee "C" 2-Month CSO 	Coffee "C" 2-Month CSO 	Coffee "C" 2-Month CSO
Trading Screen Hub Name 	NYCC 	NYCC 	NYCC
Contract Symbol 	KC2 (“2 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 Coffee "C" CSOs, the first two characters of the contract code are KC and the last character indicates the length of the spread.
For example, Contract Symbol “KC1”, 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 “KC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.
Likewise, Contract Symbol “KC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.	KC2 (“2 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 Coffee "C" CSOs, the first two characters of the contract code are KC and the last character indicates the length of the spread.
For example, Contract Symbol “KC1”, 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 “KC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.
Likewise, Contract Symbol “KC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.	KC2 (“2 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 Coffee "C" CSOs, the first two characters of the contract code are KC and the last character indicates the length of the spread.
For example, Contract Symbol “KC1”, 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 “KC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.
Likewise, Contract Symbol “KC2”, 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 Futures contracts 	A spread position between the two Futures contracts 	A spread position between the two Futures contracts
Price Quotation 	Cents and hundredths of a cent per pound 	Cents and hundredths of a cent per pound 	Cents and hundredths of a cent per pound
Contract Series 	March, May, July, September and December.
2 Month Series: each of the first three listed futures months paired with the 2nd listed month forward from that month. 	March, May, July, September and December.
2 Month Series: each of the first three listed futures months paired with the 2nd listed month forward from that month. 	March, May, July, September and December.
2 Month Series: each of the first three listed futures months paired with the 2nd listed month forward from that month.
Minimum Price Fluctuation 	1/100 of a cent (one ‘point’) per pound 	1/100 of a cent (one ‘point’) per pound 	1/100 of a cent (one ‘point’) per pound
Daily Price Limit 	None 	None 	None
Strike Price Intervals 	25 point increments. 	25 point increments. 	25 point increments.
Last Trading Day 	Each CSO contract expires 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. 	Each CSO contract expires 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. 	Each CSO contract expires 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. 	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. 	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. 	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. 	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).	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).	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 	IFUS 	IFUS 	IFUS
Clearing Venues 	ICUS 	ICUS 	ICUS
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	4:15 AM - 1:30 PM
04:15 - 13:30 	8:00 PM
20:00
Trading Hours 	LONDON 	9:15 AM - 6:30 PM
09:15 - 18:30 	1:00 AM
01:00
Trading Hours 	SINGAPORE 	5:15 PM - 2:30 AM
17:15 - 02:30 	9:00 AM
09:00
Codes 	Clearing Admin Name 	Coffee C 	Coffee C
Codes 	Physical 	KC2 	KC2
Codes 	Logical 	KC2 	KC2
Codes 	GMI (FC) 	K2 	K2
Codes 	ION A.C.N. 	None 	None
== References ==
==Resources==
ICE Coffee C ® Arabica Product Spec
ICE Weekly Coffee C ® Arabica Product Spec
ICE Coffee C ® Arabica 1-Month Calendar Spread Product Spec
ICE Coffee C ® Arabica 2-Month Calendar Spread Product Spec
Category:Coffee Futures Contracts
Category:Futures Contracts Traded on ICE
Category:Agricultural Futures Contracts
Category:Futures Data in Template