ICE IRON ORE 62% FE (TSI), CFR TIANJIN

A monthly cash settled future based on The Steel Index (TSI) daily assessment price for Iron Ore (62% Fe, CFR Tianjin)
IRON ORE 62% FE (TSI), CFR TIANJIN Futures	IRON ORE 62% FE (TSI), CFR TIANJIN Futures 	IRON ORE 62% FE (TSI), CFR TIANJIN Futures 	IRON ORE 62% FE (TSI), CFR TIANJIN Futures
Trading Screen Product Name 	Iron Ore 62% Fe Futures (TSI) 	Iron Ore 62% Fe Futures (TSI) 	Iron Ore 62% Fe Futures (TSI)
Trading Screen Hub Name 	CFR Tianjin 	CFR Tianjin 	CFR Tianjin
Contract Symbol 	IOC 	IOC 	IOC
Contract Size 	1,000 dry metric tonnes 	1,000 dry metric tonnes 	1,000 dry metric tonnes
Unit of Trading 	Any multiple of 1,000 dry metric tonnes 	Any multiple of 1,000 dry metric tonnes 	Any multiple of 1,000 dry metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price 	One cent ($ 0.01) per dry metric tonne 	One cent ($ 0.01) per dry metric tonne 	One cent ($ 0.01) per dry metric tonne
Settlement Price 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne
Minimum Price Fluctuation 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne 	One tenth of one cent ($0.001) per dry metric tonne
Last Trading Day 	Last Trading Day of the contract month 	Last Trading Day of the contract month 	Last Trading Day of the contract month
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant quotations published in The Steel Index’s “Iron Ore Daily Edition” under the heading “TSI Iron Ore Reference Prices”, subheading “Iron Ore Fines, Chinese Imports (CFR Tianjin Port)”, for the “62% Fe” quotation for each business day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant quotations published in The Steel Index’s “Iron Ore Daily Edition” under the heading “TSI Iron Ore Reference Prices”, subheading “Iron Ore Fines, Chinese Imports (CFR Tianjin Port)”, for the “62% Fe” quotation for each business day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant quotations published in The Steel Index’s “Iron Ore Daily Edition” under the heading “TSI Iron Ore Reference Prices”, subheading “Iron Ore Fines, Chinese Imports (CFR Tianjin Port)”, for the “62% Fe” quotation for each business day (as specified below) in the determination period.
Contract Series 	Up to 48 consecutive months 	Up to 48 consecutive months 	Up to 48 consecutive months
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	Publication Days for The Steel Index Iron Ore Daily Edition 	Publication Days for The Steel Index Iron Ore Daily Edition 	Publication Days for The Steel Index Iron Ore Daily Edition
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
Codes 	Clearing Admin Name 	Metals Ferrous 	Metals Ferrous
Codes 	Physical 	IOC 	IOC
Codes 	Logical 	IOC 	IOC
Codes 	GMI (FC) 	0C 	0C
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE IRON ORE 62% FE (TSI), CFR TIANJIN Product Spec
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