SGX Iron Ore & Steel Futures Contract Specifications

KGI SECURITIES (SINGAPORE) PTE. LTD.

4 SHENTON WAY #13-01
SGX CENTRE 2
SINGAPORE 068807
CO. REG. NO. 195500144H
GST. REG. NO. M200024966

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IRON ORE
	SGX TSI Iron Ore CFR China (62% Fe Fines)		SGX MB Iron Ore CFR China (65% Fe Fines)		SGX Platts Iron Ore CFR China (Lump Premium)	SGX MB Iron Ore CFR China (58% Fe Fines)
	Swaps/ Futures	Option-on-Swaps/ Option-on-Futures*	Swaps/ Futures	Option-on-Swaps/ Option-on-Futures*	Swaps/ Futures	Swaps/ Futures
TICKER SYMBOL	FE/FEF FEFTR/FEFTS* (Trade-at-Reference) (Trade-at-Settlement)*	CFE/PFE CFEF/PFEF	M65/M65F	CM65/PM65 CM65F/PM65F	LP/LPF	M58/M58F
CONTRACT SIZE	500 MT/100 MT	500 MT/100 MT	500 MT/100 MT	500 MT/100 MT	500 MT/100 MT	500 MT/100 MT
CONTRACT MONTHS	4 calendar years	4 calendar years	3 calendar years	2 calendar years	2 calendar years	4 calendar years
NLT	NA/5 lots	NA/5 lots	NA/5 lots	NA/5 lots	NA/5 lots	NA/5 lots
LAST TRADING DAY	Last publication day of the underlying index in the contract month.
FINAL SETTLEMENT PRICE (FSP)	Cash settled using average of The Steel Index (TSI) Iron Ore CFR China (62% Fe Fines) prices, rounded to 2 d.p.	Cash settled upon exercise. Call option value equals FSP of swap/future minus strike price. Put option value equals strike price minus FSP of swap/future.	Cash settled using average of MBIOI 65% FE Brazilian Fines, CFR Qingdao Index prices, rounded to 2 d.p.	Cash settled upon exercise. Call option value equals FSP of swap/future minus strike price. Put option value equals strike price minus FSP of swap/future.	Cash settled using average of Platts IO Spot Lump Premium 62.5% CFR China index prices, rounded to 4 d.p.	Cash settled using average of MBIOI-58% FE Fines CFR Qingdao Index and MBIOI-58% Premium FE Fines CFR Qingdao index prices, rounded to 2 d.p.
BLOOMBERG PRICE INFO	IORA Comdty/ SCOA Comdty OSCA Comdty (FEFTR) SDAA Comdty (FEFTS)	IORA Comdty OMON/SCOA Comdty OMON	MFSA Comdty	MFSA Comdty OMON	LPLA Comdty	MBBA Comdty
REUTERS PRICE INFO	0#SZZF	NA	0#SM65F	NA	0#SLPF	0#SM58F
TRADING HOLIDAY	New Year’s Day (1 January) and Christmas Day (25 December)

	NEGOTIATED LARGE TRADE REGISTRATION	SCREEN
T Session	7.10am – 8.00pm 7.10am - 3.00pm (FEFTR) 7.10 am - 5.30 pm (FEFTS)	7.25am – 8.00pm 7.25am - 3.00pm (FEFTR) 7.25 am – 5.30 pm (FEFTS)
T+1 Session	8.00.01pm – 5.15am* 3.00.01 pm - 5.15 am (FEFTR) 5.30.01 pm - 5.15 am (FEFTS)	8.15pm – 5.15am*
Last Trading Day	7.10am – 8.00pm 7.10am - 3.00pm (FEFTR) 7.10am - 5.30pm (FEFTS)	7.25am – 8.00pm 7.25 am - 3.00 pm (FEFTR) 7.25 am - 5.30 pm (FEFTS)

SGX Iron Ore & Steel Futures Contract Specifications

IRON ORE

SGX TSI Iron Ore CFR China (62% Fe Fines)

SGX MB Iron Ore CFR China (65% Fe Fines)

SGX Platts Iron Ore CFR China (Lump Premium)

SGX MB Iron Ore CFR China (58% Fe Fines)

Swaps/ Futures

Option-on-Swaps/

Option-on-Futures*

Swaps/ Futures

Option-on-Swaps/

Option-on-Futures*

Swaps/ Futures

Swaps/ Futures

TICKER SYMBOL

FE/FEF FEFTR**/FEFTS*** (Trade-at-Reference)** (Trade-at-Settlement)***

CFE/PFE CFEF/PFEF

M65/M65F

CM65/PM65 CM65F/PM65F

LP/LPF

M58/M58F

CONTRACT SIZE

500 MT/100 MT

500 MT/100 MT

500 MT/100 MT

500 MT/100 MT

500 MT/100 MT

500 MT/100 MT

CONTRACT MONTHS

4 calendar years

4 calendar years

3 calendar years

2 calendar years

2 calendar years

4 calendar years

NLT

NA/5 lots

NA/5 lots

NA/5 lots

NA/5 lots

NA/5 lots

NA/5 lots

LAST TRADING DAY

Last publication day of the underlying index in the contract month.

FINAL SETTLEMENT PRICE (FSP)

Cash settled using average of The Steel Index (TSI) Iron Ore CFR China (62% Fe Fines) prices, rounded to 2 d.p.

Cash settled upon exercise. Call option value equals FSP of swap/future minus strike price. Put option value equals strike price minus FSP of swap/future.

Cash settled using average of MBIOI 65% FE Brazilian Fines, CFR Qingdao Index prices, rounded to 2 d.p.

Cash settled upon exercise. Call option value equals FSP of swap/future minus strike price. Put option value equals strike price minus FSP of swap/future.

Cash settled using average of Platts IO Spot Lump Premium 62.5% CFR China index prices, rounded to 4 d.p.

Cash settled using average of MBIOI-58% FE Fines CFR Qingdao Index and MBIOI-58% Premium FE Fines CFR Qingdao index prices, rounded to 2 d.p.

BLOOMBERG PRICE INFO

IORA Comdty/ SCOA Comdty OSCA Comdty (FEFTR) SDAA Comdty (FEFTS)

IORA Comdty OMON/SCOA Comdty OMON

MFSA Comdty

MFSA Comdty OMON

LPLA Comdty

MBBA Comdty

REUTERS PRICE INFO

0#SZZF

NA

0#SM65F

NA

0#SLPF

0#SM58F

TRADING HOLIDAY

New Year’s Day (1 January) and Christmas Day (25 December)

SGX Commodities Trading Hours

NEGOTIATED LARGE TRADE REGISTRATION

SCREEN

T Session

7.10am – 8.00pm 7.10am - 3.00pm (FEFTR) 7.10 am - 5.30 pm (FEFTS)

7.25am – 8.00pm 7.25am - 3.00pm (FEFTR) 7.25 am – 5.30 pm (FEFTS)

T+1 Session

8.00.01pm – 5.15am* 3.00.01 pm - 5.15 am (FEFTR) 5.30.01 pm - 5.15 am (FEFTS)

8.15pm – 5.15am*

Last Trading Day

7.10am – 8.00pm 7.10am - 3.00pm (FEFTR) 7.10am - 5.30pm (FEFTS)

7.25am – 8.00pm 7.25 am - 3.00 pm (FEFTR) 7.25 am - 5.30 pm (FEFTS)

ENQUIRY FORM

SGX TSI Iron Ore CFR China
(62% Fe Fines)

SGX MB Iron Ore CFR China
(65% Fe Fines)

TICKER
SYMBOL

FE/FEF
FEFTR/FEFTS*
(Trade-at-Reference)
(Trade-at-Settlement)*

CFE/PFE
CFEF/PFEF

CM65/PM65
CM65F/PM65F

CONTRACT
SIZE

CONTRACT
MONTHS

LAST
TRADING
DAY

FINAL
SETTLEMENT
PRICE (FSP)

BLOOMBERG
PRICE
INFO

IORA Comdty/
SCOA Comdty
OSCA Comdty (FEFTR)
SDAA Comdty (FEFTS)

IORA Comdty
OMON/SCOA
Comdty OMON

MFSA Comdty
OMON

LPLA
Comdty

MBBA
Comdty

REUTERS
PRICE
INFO

TRADING
HOLIDAY

7.10am – 8.00pm
7.10am - 3.00pm (FEFTR)
7.10 am - 5.30 pm (FEFTS)

7.25am – 8.00pm
7.25am - 3.00pm (FEFTR)
7.25 am – 5.30 pm (FEFTS)

8.00.01pm – 5.15am*
3.00.01 pm - 5.15 am (FEFTR)
5.30.01 pm - 5.15 am (FEFTS)

7.10am – 8.00pm
7.10am - 3.00pm (FEFTR)
7.10am - 5.30pm (FEFTS)

7.25am – 8.00pm
7.25 am - 3.00 pm (FEFTR)
7.25 am - 5.30 pm (FEFTS)