Dollars and Cents per barrel Price Fluctuation Minimum: $0.01 per barrel Maximum Daily Price: Initial Price Fluctuation Limits for All Contract Months
. At the commencement of each trading day, there shall be price fluctuation limits in effect for each contract month
of this futures contract of $10.00 per barrel above or below the previous day's settlement price for such contract month
It will be listed for the current calendar year and the next two calendar years, with January 2015 as the first listed contract month
Each monthly contract expires on the 10th trading day of the contract month
. The DGCX plastics futures contract was designed to create a transparent market and new pricing benchmark for plastics in the region.
The first contract month
available for trading EUAAs will be December 2012, with subsequent December and quarterly contracts listed out to 2020.
The change will be effective no later than the May 2013 contract month
It will be listed for 24 consecutive months, with November 2010 as the first listed contract month
. The contract will be 1000 dry metric tons in size, with a minimum price fluctuation of $0.01 per tick.
Daily futures prices are the price of the nearest contract month
. For example, On September 22, 2009, the futures contract available for trading are October contract, November contract, December contract, January contract, February contract, March contract, and April contract.
Existing regulation 3-yr & 5-yr 10-yr futures futures Settlement method Cash settlement Physical delivery Trading unit 100 million won 50 million won Coupon rate 8/100 per year 5/100 per year Contract month
2 within 6 months 3 within 9 months Quotation unit 0.01 0.02 Amended regulations 3-yr, 5-yr and 10-yr futures Settlement method Cash settlement Trading unit 100 million won Coupon rate 5/100 per year Contract month
2 within 6 months Quotation unit 0.01
Monthly average price and total volume were aggregated over contract month
rather than calendar month since the last trading day of a contract does not correspond to a fixed calendar date, (3) and for consistency with other physical commodity market factors such as crude oil inventories and excess production capacity of crude oil, which are based on calendar month.
It is to be listed for 24 consecutive months, with August 2010 as the first listed contract month
Trading ceases on the last business day of the contract month
. The price for each contract month
equals the arithmetic average of the rates for each business day as published either by the Baltic Exchange or by Platts Oilgram Price Report for the corresponding route.