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To name a specific contract in a financial futures market, the month code will follow the contract code, and in turn be followed by the year. For example, CLZ3 is the December 2023 NYMEX crude oil contract. CL denotes crude oil (crude light), Z corresponds to the December delivery month, and 3 refers to 2023.
The first two characters identify the contract type, the third character identifies the month and the last two characters identify the year. On CME Group markets, third (month) futures contract codes are: [17] Contracts expire after the listing month. Therefore traders must roll over their positions into the next month code. January = F ...
If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. [1] Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future.
A Refinitiv Instrument Code, [1] previously Reuters Instrument Code (RIC), is a ticker-like code used by Refinitiv to identify financial instruments and indices. The codes are used for looking up information on various Refinitiv financial information networks (such as Refinitiv Real Time) and appear to have developed from the Quotron service purchased in the 1980s.
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The codes needed to launch a U.S. nuclear strike are supposed to be kept close to the president at all times. Bill Clinton once lost the nuclear codes for months, and a 'comedy of errors' kept ...
The Final Settlement Price for a Contract Month shall be the OSP settlement price on the last Trading Day of the Contract Month. This price represents the weighted average price of trades in the nearby Contract Month between 16:15 and 16:30 (Singapore). The Final Settlement Price will be used for purposes of margins for delivery of the Oil.