Contract settlement procedure
Non-ferrous and industrial metals futures traded at the Moscow Exchange are cash settled and do not imply any physical delivery.
- The last day of the contract trades is the Tuesday immediately preceding the third Wednesday of the month and the year of the contract settlement;
- The day of the contract settlement is the last day of the contract trades;
- The contract is settled at the intraday clearing session;
- The The Contract strike price equals the value of the price in US dollars for 1 (one) ton calculated by TheLondon London Metal Exchange (LME) on the preceding day of the Contract execution.