Iron Ore

The trade registration service which EEX offers in cooperation with EEX Asia allows the steel industry to manage price risks in a dynamic market. Additionally, clients benefit from the fast and efficient clearing services provided by European Commodity Clearing (ECC), Europe’s leading clearing house for energy products, which also provides a range of margin offsets with other commodities across several exchanges.

  • ECC means being connected to Europe’s major energy and commodity exchanges: One clearing house membership provides access to this network and a large variety of asset classes.
  • ECC assumes clearing as well as physical and financial settlement of transactions concluded and registered for clearing on all partner exchanges.
  • ECC connects European commodity markets through integrated and automated clearing processes and eliminates the counterparty risk through clearing and settlement of all transactions.

Contract Specifications

Futures

PRODUCT DESCRIPTION

Iron Ore 62 % Fe CFR China (TSI)

CONTRACT SIZE

100 mt

MINIMUM TICK

US$ 0.01

FINAL SETTLEMENT PRICE

The arithmetic average of the daily TSI spot price assessments for every trading day in the expiry month

CONTRACT SERIES

Months, quarters and calendar years
out to a maximum of 48 months

Options

PRODUCT DESCRIPTION

Iron Ore 62 % Fe CFR China (TSI)

CONTRACT SIZE

100 mt

MINIMUM TICK

US$ 0.01

STRIKE PRICE INCREMENTS

US$ 0.01

AUTOMATIC EXERCISE

Options which are in the money in relation to the Final Settlement Price are exercised automatically.

FULFILMENT

Options are fulfilled by booking in the corresponding futures position at the respective exercise price after the option is exercised.

CONTRACT SERIES

Months, quarters and calendar years out to a maximum of 48 months