EEX will be closed for trading on 24th and 31st December 2015. Therefore, we would like to inform you about the details regarding trading and cascading of quarterly and yearly contracts as well as the expiry of coal month contracts.
The last day for exchange trading and trade registration services for all EEX 1st Quarter 2016 and all Calendar Year 2016 futures contracts will be 28th December 2015 according to the EEX Contract Specifications. Nevertheless, all 1 st Quarter and 2016 Year contracts will expire and therefore cascade into the respective smaller contracts (e.g. Q1 2016 expires into January, February, March 2016 contracts) on 29th December 2015. Therefore, all 1st Quarter 2016 and Calendar 2016 contracts will receive their technical price for the cascading process on 29th December 2015 which can differ from the final settlement price published on 28th December 2015. A detailed overview of the last trading and cascading days for the respective contracts can be found in the table below.
Final settlement prices for EEX Coal Month Futures
The final settlement prices for EEX Coal Month Futures with the expiry December 2015 will be published on 28 December 2015. For further questions regarding clearing processes please contact ECC Clearing & Settlement under +49 (0)341 24680-444 or clearing@ecc.de. A manual correction of the settlement prices is necessary since the final settlement prices for EEX Coal Month Futures are determined by Argus Media Limited and IHS Global Limited on 24 December 2015, which is after the last trading day for the December Coal Futures contracts FT2M DEC15, FT4M DEC15, FE2M DEC15 and FE4M DEC15. The manual correction will take place on 28 December 2015.
Since an adjustment of the expiry days is not possible, the respective contracts will expire on 24 December 2015. For this reason, EEX will carry out a manual balancing entry on the following EEX business day, 28 December 2015. The amount of the balancing entry will be established on the basis of the difference between the final settlement price and the settlement price of 23 December 2015. In order to make the manual accounting entries transparent for all trading participants ECC will generate a report containing all the relevant data.
Please do not hesitate to contact us at +49 341 2156 222 if you should have further questions.