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Contract Specifications for CME U.S. Dollar Denominated Crude Palm Oil Futures (CPO)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: CPO
CME ClearPort: CPO
Clearing: CPO
CONTRACT UNIT 25 metric tons
PRICING QUOTATION U.S. dollars and cents per metric ton
MINIMUM PRICE FLUCTUATION USD $0.25 per metric ton ($6.25 per contract)
LISTED CONTRACTS Monthly (list the third, fourth and fifth forward months) then alternate months going out 24 months)
TRADING HOURS Sunday at 5:00 pm – Friday at 4:00 pm with daily trading halts from 4:00 pm – 5:00 pm
POSITION LIMITS CME Position Limits
PRICE LIMIT OR CIRCUIT There shall be no trading in U.S. dollar cash settled crude palm oil futures at a price more than 10% above or below the previous day’s settlement price, unless the FCPO contract is trading at expanded limits. If this were to be the case, the U.S. dollar cash settled crude palm oil contract would trade at the expanded limits.
SETTLEMENT PROCEDURES Crude Palm Oil Futures Settlement Procedures
SETTLEMENT METHOD Finacially Settled
TERMINATION OF TRADING Noon on the 15th calendar day two months prior to becoming the delivery month. For example, the December 2010 contract would expire at noon on October 15, 2010. If the 15th is a non-market day, the contract will settle on the preceding business day.
EXCHANGE RULEBOOK CME 204
VENDOR CODES Quote Vendor Symbols Listing

This page was last updated: November 05, 2015

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