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7FOr Beginners Only
Daily Price limit 7%, 13%, and 20%
limits are applied
to the futures fixing
price, effective 8:30
a.m. to 3 p.m. CT ,
MonFri.
7%, 13%, and 20% limits are
applied to the futures fixing
price, effective 8:30 a.m. to
3 p.m. CT , MonFri. (
see
exchange for specifics.)
n/a n/a $0.25 n/a
Settlement type Cash settlement Deliverable Deliverable Physical delivery based
on eFP delivery, with
an option to cash settle
against the
iCe Brent
index price for the
last trading day of the
futures contract.
Deliverable Deliverable
First Notice Day
n/a Final business day of the
month preceding the
contract month.
n/a n/a last business day of
month preceding
contract month.
The last business day of the
month preceding the delivery
month.
last Notice Day n/a Final business day of the
contract month.
n/a n/a The business day after
the last contracts last
trading day.
The second-to-last business
day of the delivery month.
last trading Day Until 8:30 a.m. on
the 3rd Friday of the
contract month.
12:01 p.m. on the 7th
business day preceding
the last business day of the
delivery month.
9:16 a.m. CT on
the second business
day immediately
preceding the
third W ed of the
contract month.
The last business day
of the second month
preceding the relevant
contract month.
Business day prior to
the 15th calendar day of
the contract month.
The third-to-last business day
of the delivery month.
Deliverable
Grade
n/a U.s. T -notes with a remaining
term to maturity of 6.5 to 10
years from the first day of the
delivery month.
n/a n/a #2 yellow at contract
price, #1 yellow at
a 1.5 cent/bushel
premium, #3
yellow
at a 1.5 cent/bushel
discount.
gold delivered under this
contract shall assay to a
minimum of 995 fineness.
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