Japan Crude Cocktail (Detailed) JPY Futures - Contract Specs
| Contract Unit | 100 kiloliters |
|---|---|
| Price Quotation | 1 ¥ Japanese Yen per kilolitre |
| 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 CME ClearPort: Sunday - Friday 5:00 p.m. - 5:45 p.m. CT with a 15-minute maintenance window each day Monday - Thursday from 5:45 p.m. to 6:00 p.m. CT |
| Minimum Price Fluctuation | 1.0 per kiloliter = ¥100.00 Japanese yen |
| Product Code | CME Globex: JCY CME ClearPort: JCY Clearing: JCY |
| Listed Contracts | Monthly contracts listed for the current year and the next 4 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the monthly price of crude oils imported into Japan in the month, known as the “Japan Crude Cocktail”. The Japan Crude Cocktail shall be calculated based on the Trade Statistics of the imported commodities with the following custom Statistical Codes: 2709.00 100, 2709.00 900, 2710.19 162, 2710.19 164, 2710.19 166, 2710.19 169, 2710.19 172, 2710.19 174, 2710.19.179. as published by Ministry of Finance, Japan. For contract months January to November Trade Statistics to be used are “Detailed” version. For December “Provisional” version shall be used. |
| Termination of Trading | Trading in Jan - Nov contract months terminates at 9:30 a.m. Japan time on the 2nd last Japan business day of the 2nd month after the contract month. Trading in the Dec contract month terminates at 9:30 a.m. Japan time on the 2nd last Japan business day of the month after the contract month. |
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| Vendor Codes |
