Palladium Futures - Contract Specs
| Contract Unit | 100 troy ounces |
|---|---|
| Price Quotation | U.S. dollars and cents per troy ounce |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT TAS: Sunday - Friday 5:00 p.m. - Noon CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.50 per troy ounce = $50.00 TAS: Zero or +/- 10 ticks in 0.10 increments |
| Product Code | CME Globex: PA CME ClearPort: PA Clearing: PA TAS: PAT |
| Listed Contracts | Monthly contracts listed for 3 consecutive months and any Mar, Jun, Sep, Dec in the nearest 36 months |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on the 3rd last business day of the contract month. |
| TAM or TAS Rules | Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Delivery Period | Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month. |
| Grade and Quality | Palladium delivered under this contract shall be a minimum of 99.95% pure. |
