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Contract Specifications for LME Copper Grade A Futures (CA)

EXCHANGE London Metal Exchange (LME)
CONTRACT CODE CA
TRADING HOURS Inter-office telephone trading:
available 24 hours a day.

LMEselect:
available from 01.00 – 19.00 (London time).

Ring trading:
available from 11.4 – 17.00 (London time).

Times as follows:
Copper first session: 12.00 to 12.05
Interval: 12.30 to 12.35
Copper second session: 15.10 to 15.15
Interval: 15.50 to 15.55

LOT SIZE 25 tonnes (with a tolerance of +/- 2%)
PRICING QUOTATION U.S. dollar per tonne
CLEARABLE CURRENCIES US dollar, Japanese yen, sterling, euro.
MINIMUM PRICE FLUCTUATION (TICK SIZE) PER TONNE
Ring Outright $0.50 Carries $0.01
LME Select Outright $0.50 Carries $0.01
Inter-office Outright $0.01 Carries $0.01
LAST TRADING DAY Up until the close of the first Ring the day before the prompt date
CONTRACT MONTHS Trading is conducted for delivery during the current calendar month; the next two calendar months; any January, March, May, and September falling within a 23-month period; and any July and December falling within a 60-month period beginning with the current month
SETTLEMENT TYPE Physical
PROMPT DATES • Daily: out to 3 months
• Weekly: 3 out to 6 months
• Monthly: 7 out to 123 months
GRADE AND QUALITY SPECIFICATIONS Grade A Copper conforming to BS EN 1978:1998 (Cu-CATH-1)

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