.png){kind=logo}
SGX MB Iron Ore CFR China (65% Fe Fines) Futures
CONTRACT SPECIFICATIONS
| SGX MB Iron Ore CFR China (65% Fe Fines) Index Futures | SGX MB Iron Ore CFR China (65% Fe Fines) Swap | |
|---|---|---|
| Product Type | Futures | Swaps |
| Product Category | Iron Ore & Steel | Iron Ore & Steel |
| Ticker Symbol | M65F | M65 |
| Contract Size | 100 metric tonnes | 500 metric tonnes |
| Minimum Price Fluctuation | US$0.01 per metric tonne | US$0.01 per metric tonne |
| Contract Months | Up to 3 calendar years starting with current year, with 12 consecutive months added upon expiry in December. | Up to 3 calendar years starting with current year, with 12 consecutive months added upon expiry in December. |
| Quotation | US$ per tonne | US$ per tonne |
| Tick Value | USD 1 | USD 5 |
| Trading Hours (Singapore Time) | Every weekdays except 1 Jan and 25 Dec NLT T session: 7.10 am – 8.00 pm T+1 session: 8.00.01 pm – 5.15 am Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. Screen T session: 7.25 am – 8.00 pm Pre-Opening: 7.10 am – 7.23 am Non-Cancel: 7.23 am – 7.25 am Pre-Close: 7.55 pm – 7.59 pm Non-Cancel: 7.59 pm – 8.00 pm T+1 session: 8.15 pm – 5.15 am Pre-Opening: 8.05 pm – 8.13 pm Non-Cancel: 8.13 pm – 8.15 pm |
Every weekdays except 1 Jan and 25 Dec NLT T session: 7.10 am – 8.00 pm T+1 session: 8.00.01 pm – 5.15 am Note: After the close of the T-session, there will be a 30 min grace window for participants to continue registering T-session trades. |
| Trading Hours on Last Day | NLT 7.10 am – 8.00 pm Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. Screen 7.25 am – 8.00 pm |
NLT 7.10 am – 8.00 pm Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. |
| Last Trading Day | Last publication day of the MBIOI 65% Fe Brazilian Fines, CFR Qingdao iron ore reference prices in the contract month. | Last publication day of the MBIOI 65% Fe Brazilian Fines, CFR Qingdao iron ore reference prices in the contract month. |
| Daily Price Limits | N.A. | N.A. |
| Settlement Basis | Cash Settlement | Cash Settlement |
| Exchange Delivery Settlement Price / Final Settlement Price | Cash settlement using the arithmetic average of all the aggregate daily values of MBIOI 65% FE Brazilian Fines, CFR Qingdao Index, as published by Fastmarkts MB, in the expiring contract month, rounded to 2 decimal places. | Cash settlement using the arithmetic average of all the aggregate daily values of MBIOI 65% FE Brazilian Fines, CFR Qingdao Index, as published by Fastmarkts MB, in the expiring contract month, rounded to 2 decimal places. |
| Position Accountability / Position Limit | Unless otherwise prescribed by the Exchange, there shall be no Position Limits. However, subject to Rule 4.1.18 of the Trading Rules, a Person owning or controlling any combination of Futures Contracts, Swap Contracts and Relevant Contracts that exceed such position as the Exchange may prescribe from time to time with prior notification, net on the same side of the market, and in all Contract Months combined, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable. Position Accountability Threshold: Equivalent of 3,000 Swap Contract lots |
Unless otherwise prescribed by the Exchange, there shall be no Position Limits. However, subject to Rule 4.1.18 of the Trading Rules, a Person owning or controlling any combination of Futures Contracts, Swap Contracts and Relevant Contracts that exceed such position as the Exchange may prescribe from time to time with prior notification, net on the same side of the market, and in all Contract Months combined, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable. Position Accountability Threshold: Equivalent of 3,000 Swap Contract Lots |
| Negotiated Large Trade | 5 lots | N.A. |
| Bloomberg Ticker Code | MFSA COMB Comdty | JFSA COMB Comdty |
| Refinitiv Ticker Code | 0#SM65F: |
