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FUTURES

OPTIONS

Platinum Futures Trading Unit 50 troy ounces. Price Quotation U.S. dollars and cents per troy ounce. Trading Hours (All times are New York time) Open outcry trading is conducted from 8:20 AM to 1:05 PM. After-hours futures trading is conducted via the NYMEX ACCESS® internet-based trading platform beginning at 3:15 PM on Mondays through Thursdays and concluding at 8:00 AM the following day. On Sundays, the session begins at 7:00 PM. Trading Months Trading is conducted over 15 months, beginning with the current month and the next two consecutive months before moving into the quarterly cycle of January, April, July, and October. Minimum Price Fluctuation $0.10 (10¢) per troy ounce ($5.00 per contract). Maximum Daily Price Fluctuation There is no maximum daily limit during the current delivery month, the closest cycle month, and any months preceding it. In other months, the daily limit is $50.00 per ounce ($2,500 per contract). If the price in any of the back months settles at the limit for two consecutive days, limits will be expanded to $75.00 per ounce ($3,750 per contract) and, if the market settles at that limit for two consecutive days, prices will be expanded to the maximum daily limit of $100.00 per ounce ($5,000 per contract) on the following day. Last Trading Day Trading terminates at the close of business on the fourth business day prior to the end of the delivery month. Delivery Period Delivery notice may be given by the seller to the Exchange on the last business day preceding the delivery month or any subsequent business day up to the third business day prior to the end of the delivery month. The basis of delivery is the settlement price on the day the delivery notice is issued. Exchange of Futures for Physicals (EFP) The buyer or seller in a cash market transaction may exchange a futures position for a physical position of approximately equal quantity. EFPs may be used to either initiate or liquidate a futures position. Grade and Quality Specifications In fulfillment of each contract, the seller must deliver 50 troy ounces (±7%) of platinum not less than .9995 fineness, with no single piece weighing less than 10 ounces. Each contract unit may consist of ingots or plates, each incised with the lot or bar number, weight, grade, name, or logo of the assayer, and symbol identifying the metal. Packaging Platinum may be delivered in packaged or unpackaged form. If packaged, the package must be sealed by an Exchange-approved assayer or producer of an approved brand so that it cannot be opened without destroying the seal. The package must bear the lot or bar number, weight, grade, name, or logo of the assayer or approved brand mark, and the symbol of the metal. Inspection Inspection must be made by an Exchange-approved assayer. Assay certificates are valid provided the metal covered is thereby passed directly from the assayer to an Exchange-approved depository by means of an Exchange-approved carrier. Position Accountability Levels and Limits Any one month/all months: 1,500 net futures, but not to exceed 200 contracts from the beginning of the business day prior to the first notice day for any delivery month. Margin Requirements Margins are required for open futures positions. Trading Symbol PL

Platinum Options Trading Unit One NYMEX Division platinum futures contract. Price Quotation U.S. dollars and cents per troy ounce. Trading Hours (All times are New York time) Open outcry trading is conducted from 8:20 AM to 1:05 PM. Trading Months Trading is conducted in the nearest three consecutive calendar contract months, plus the next two months of the quarterly cycle of January, April, July, and October. Minimum Price Fluctuation $0.10 (10¢) per troy ounce ($5.00 per contract). Maximum Daily Price Fluctuation No price limits. Last Trading Day Expiration occurs on the third Wednesday of the month prior to the underlying futures delivery month. Exercise of Options By a clearing member to the Exchange clearinghouse not later than 5:30 PM or 45 minutes after the underlying futures settlement price is posted, whichever is later, on any day up to and including the options expiration. Strike Prices Strike prices are in increments of $10.00. At least seven strike prices will be listed at all times. Margin Requirements Margins are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium paid. Trading Symbol PO

 

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