Delivery, Exercise and Corporate Actions

Futures Physical Delivery


The futures contracts listed below are settled by actual physical delivery of the underlying commodity (physical delivery futures), and customers may not make or receive delivery of the underlying commodity.

To avoid deliveries of expiring futures contracts as well as those resulting from futures options contracts, customers must roll forward or close out positions prior to the Start of the Close-Out Period. If a position exists at the Start of the Close-Out Period, the account becomes subject to an liquidation trade generated by the broker. The liquidation trade will occur at some point between the Start of the Close-Out Period and the respective Cutoff.

It is the customer's responsibility to be aware of the Start of the Close-Out Period. If a customer has not closed out a position in a physical delivery futures contract by that time, the broker may, without additional prior notification, liquidate the customer's position in the expiring futures contract. Note that liquidations will not otherwise impact working orders; customers must ensure that open orders to close positions are adjusted for the actual real-time position.



Exchange Trading Class Contract Month Description Applicable to Cash/IRA Accounts Only Start of Close-Out Period 2 Long Futures Cutoff 3 Long Futures Liquidation 5 Short Futures Cutoff 4 Short Futures Liquidation 5
GLOBEX RP 202003 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/03/16 09:16 (CT) 2020/03/13 7:20 (CT) 2020/03/16 09:16 (CT) 2020/03/13 7:20 (CT)
GLOBEX RP 202006 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/06/15 09:16 (CT) 2020/06/12 7:20 (CT) 2020/06/15 09:16 (CT) 2020/06/12 7:20 (CT)
GLOBEX RP 202009 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/09/14 09:16 (CT) 2020/09/11 7:20 (CT) 2020/09/14 09:16 (CT) 2020/09/11 7:20 (CT)
GLOBEX RP 202012 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/12/14 09:16 (CT) 2020/12/11 7:20 (CT) 2020/12/14 09:16 (CT) 2020/12/11 7:20 (CT)
GLOBEX RP 202004 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/04/13 09:16 (CT) 2020/04/10 7:20 (CT) 2020/04/13 09:16 (CT) 2020/04/10 7:20 (CT)
GLOBEX RP 202005 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/05/18 09:16 (CT) 2020/05/15 7:20 (CT) 2020/05/18 09:16 (CT) 2020/05/15 7:20 (CT)
GLOBEX RP 202007 Euro FX/BP cross rate Yes(1) 2 business days prior to cutoff 2020/07/13 09:16 (CT) 2020/07/10 7:20 (CT) 2020/07/13 09:16 (CT) 2020/07/10 7:20 (CT)
GLOBEX RY 202003 Euro FX/JY cross rate Yes(1) 2 business days prior to cutoff 2020/03/16 09:16 (CT) 2020/03/13 7:20 (CT) 2020/03/16 09:16 (CT) 2020/03/13 7:20 (CT)
GLOBEX RY 202006 Euro FX/JY cross rate Yes(1) 2 business days prior to cutoff 2020/06/15 09:16 (CT) 2020/06/12 7:20 (CT) 2020/06/15 09:16 (CT) 2020/06/12 7:20 (CT)
GLOBEX RY 202009 Euro FX/JY cross rate Yes(1) 2 business days prior to cutoff 2020/09/14 09:16 (CT) 2020/09/11 7:20 (CT) 2020/09/14 09:16 (CT) 2020/09/11 7:20 (CT)
GLOBEX RY 202012 Euro FX/JY cross rate Yes(1) 2 business days prior to cutoff 2020/12/14 09:16 (CT) 2020/12/11 7:20 (CT) 2020/12/14 09:16 (CT) 2020/12/11 7:20 (CT)
GLOBEX SEK 202003 SWEDISH KRONA No 5 business days prior to cutoff 2020/03/16 09:16 (CT) 2020/03/10 8:30 (CT) 2020/03/16 09:16 (CT) 2020/03/10 8:30 (CT)
GLOBEX SEK 202006 SWEDISH KRONA No 5 business days prior to cutoff 2020/06/15 09:16 (CT) 2020/06/09 8:30 (CT) 2020/06/15 09:16 (CT) 2020/06/09 8:30 (CT)
GLOBEX SEK 202009 SWEDISH KRONA No 5 business days prior to cutoff 2020/09/14 09:16 (CT) 2020/09/08 8:30 (CT) 2020/09/14 09:16 (CT) 2020/09/08 8:30 (CT)
GLOBEX SEK 202012 SWEDISH KRONA No 5 business days prior to cutoff 2020/12/14 09:16 (CT) 2020/12/08 8:30 (CT) 2020/12/14 09:16 (CT) 2020/12/08 8:30 (CT)
GLOBEX SJY 202003 SF/JY cross rate Yes(1) 2 business days prior to cutoff 2020/03/16 09:16 (CT) 2020/03/13 7:20 (CT) 2020/03/16 09:16 (CT) 2020/03/13 7:20 (CT)
GLOBEX SJY 202006 SF/JY cross rate Yes(1) 2 business days prior to cutoff 2020/06/15 09:16 (CT) 2020/06/12 7:20 (CT) 2020/06/15 09:16 (CT) 2020/06/12 7:20 (CT)
GLOBEX SJY 202009 SF/JY cross rate Yes(1) 2 business days prior to cutoff 2020/09/14 09:16 (CT) 2020/09/11 7:20 (CT) 2020/09/14 09:16 (CT) 2020/09/11 7:20 (CT)
GLOBEX SJY 202012 SF/JY cross rate Yes(1) 2 business days prior to cutoff 2020/12/14 09:16 (CT) 2020/12/11 7:20 (CT) 2020/12/14 09:16 (CT) 2020/12/11 7:20 (CT)
HKFE CUS 202003 CNH FX Yes(1) 2 business days prior to cutoff 2020/03/16 11:00 2020/03/13 09:00 2020/03/16 11:00 2020/03/13 09:00
HKFE CUS 202006 CNH FX Yes(1) 2 business days prior to cutoff 2020/06/15 11:00 2020/06/12 09:00 2020/06/15 11:00 2020/06/12 09:00
HKFE CUS 202009 CNH FX Yes(1) 2 business days prior to cutoff 2020/09/14 11:00 2020/09/11 09:00 2020/09/14 11:00 2020/09/11 09:00
HKFE CUS 202012 CNH FX Yes(1) 2 business days prior to cutoff 2020/12/14 11:00 2020/12/11 09:00 2020/12/14 11:00 2020/12/11 09:00
HKFE CUS 202002 CNH FX Yes(1) 2 business days prior to cutoff 2020/02/17 11:00 2020/02/14 09:00 2020/02/17 11:00 2020/02/14 09:00
HKFE CUS 202004 CNH FX Yes(1) 2 business days prior to cutoff 2020/04/09 11:00 2020/04/08 09:00 2020/04/09 11:00 2020/04/08 09:00
HKFE CUS 202005 CNH FX Yes(1) 2 business days prior to cutoff 2020/05/18 11:00 2020/05/15 09:00 2020/05/18 11:00 2020/05/15 09:00
HKFE GDR 202002 Gold No 3 business days prior to cutoff 2020/02/11 16:30 2020/02/07 8:30 2020/02/17 16:30 2020/02/13 8:30
HKFE GDR 202003 Gold No 3 business days prior to cutoff 2020/03/10 16:30 2020/03/06 8:30 2020/03/16 16:30 2020/03/12 8:30
HKFE GDR 202004 Gold No 3 business days prior to cutoff 2020/04/14 16:30 2020/04/10 8:30 2020/04/20 16:30 2020/04/16 8:30
HKFE GDR 202005 Gold No 3 business days prior to cutoff 2020/05/12 16:30 2020/05/08 8:30 2020/05/18 16:30 2020/05/14 8:30
HKFE GDR 202006 Gold No 3 business days prior to cutoff 2020/06/09 16:30 2020/06/05 8:30 2020/06/15 16:30 2020/06/11 8:30
HKFE GDR 202007 Gold No 3 business days prior to cutoff 2020/07/14 16:30 2020/07/10 8:30 2020/07/20 16:30 2020/07/16 8:30
HKFE GDR 202008 Gold No 3 business days prior to cutoff 2020/08/11 16:30 2020/08/07 8:30 2020/08/17 16:30 2020/08/13 8:30
HKFE GDR 202009 Gold No 3 business days prior to cutoff 2020/09/15 16:30 2020/09/11 8:30 2020/09/21 16:30 2020/09/17 8:30
HKFE GDR 202010 Gold No 3 business days prior to cutoff 2020/10/13 16:30 2020/10/09 8:30 2020/10/19 16:30 2020/10/15 8:30
HKFE GDR 202011 Gold No 3 business days prior to cutoff 2020/11/10 16:30 2020/11/06 8:30 2020/11/16 16:30 2020/11/12 8:30
HKFE GDR 202012 Gold No 3 business days prior to cutoff 2020/12/15 16:30 2020/12/11 8:30 2020/12/21 16:30 2020/12/17 8:30
HKFE GDR 202101 Gold No 3 business days prior to cutoff 2021/01/12 16:30 2021/01/08 8:30 2021/01/18 16:30 2021/01/14 8:30
HKFE GDU 202002 Gold No 3 business days prior to cutoff 2020/02/11 16:30 2020/02/07 8:30 2020/02/11 16:30 2020/02/07 8:30
HKFE GDU 202003 Gold No 3 business days prior to cutoff 2020/03/10 16:30 2020/03/06 8:30 2020/03/10 16:30 2020/03/06 8:30
HKFE GDU 202004 Gold No 3 business days prior to cutoff 2020/04/14 16:30 2020/04/10 8:30 2020/04/14 16:30 2020/04/10 8:30
HKFE GDU 202005 Gold No 3 business days prior to cutoff 2020/05/12 16:30 2020/05/08 8:30 2020/05/12 16:30 2020/05/08 8:30
HKFE GDU 202006 Gold No 3 business days prior to cutoff 2020/06/09 16:30 2020/06/05 8:30 2020/06/09 16:30 2020/06/05 8:30
HKFE GDU 202007 Gold No 3 business days prior to cutoff 2020/07/14 16:30 2020/07/10 8:30 2020/07/14 16:30 2020/07/10 8:30
HKFE GDU 202008 Gold No 3 business days prior to cutoff 2020/08/11 16:30 2020/08/07 8:30 2020/08/11 16:30 2020/08/07 8:30
HKFE GDU 202009 Gold No 3 business days prior to cutoff 2020/09/15 16:30 2020/09/11 8:30 2020/09/15 16:30 2020/09/11 8:30
HKFE GDU 202010 Gold No 3 business days prior to cutoff 2020/10/13 16:30 2020/10/09 8:30 2020/10/13 16:30 2020/10/09 8:30
HKFE GDU 202011 Gold No 3 business days prior to cutoff 2020/11/10 16:30 2020/11/06 8:30 2020/11/10 16:30 2020/11/06 8:30
HKFE GDU 202012 Gold No 3 business days prior to cutoff 2020/12/15 16:30 2020/12/11 8:30 2020/12/15 16:30 2020/12/11 8:30
HKFE GDU 202101 Gold No 3 business days prior to cutoff 2021/01/12 16:30 2021/01/08 8:30 2021/01/12 16:30 2021/01/08 8:30
ICECRYPTO BTM 202002 Bakkt Bitcoin No 3 business days prior to cutoff 2020/02/19 00:00 2020/02/17 9:30 2020/02/19 16:00 2020/02/17 9:30
ICECRYPTO BTM 202003 Bakkt Bitcoin No 3 business days prior to cutoff 2020/03/18 00:00 2020/03/16 9:30 2020/03/18 16:00 2020/03/16 9:30
ICECRYPTO BTM 202004 Bakkt Bitcoin No 3 business days prior to cutoff 2020/04/15 00:00 2020/04/13 9:30 2020/04/15 16:00 2020/04/13 9:30
ICECRYPTO BTM 202005 Bakkt Bitcoin No 3 business days prior to cutoff 2020/05/13 00:00 2020/05/11 9:30 2020/05/13 16:00 2020/05/11 9:30
ICECRYPTO BTM 202006 Bakkt Bitcoin No 3 business days prior to cutoff 2020/06/17 00:00 2020/06/15 9:30 2020/06/17 16:00 2020/06/15 9:30
ICECRYPTO BTM 202007 Bakkt Bitcoin No 3 business days prior to cutoff 2020/07/15 00:00 2020/07/13 9:30 2020/07/15 16:00 2020/07/13 9:30
ICECRYPTO BTM 202008 Bakkt Bitcoin No 3 business days prior to cutoff 2020/08/19 00:00 2020/08/17 9:30 2020/08/19 16:00 2020/08/17 9:30
ICECRYPTO BTM 202009 Bakkt Bitcoin No 3 business days prior to cutoff 2020/09/16 00:00 2020/09/14 9:30 2020/09/16 16:00 2020/09/14 9:30
ICECRYPTO BTM 202010 Bakkt Bitcoin No 3 business days prior to cutoff 2020/10/14 00:00 2020/10/12 9:30 2020/10/14 16:00 2020/10/12 9:30
ICECRYPTO BTM 202011 Bakkt Bitcoin No 3 business days prior to cutoff 2020/11/18 00:00 2020/11/16 9:30 2020/11/18 16:00 2020/11/16 9:30
ICECRYPTO BTM 202012 Bakkt Bitcoin No 3 business days prior to cutoff 2020/12/16 00:00 2020/12/14 9:30 2020/12/16 16:00 2020/12/14 9:30
ICECRYPTO BTM 202101 Bakkt Bitcoin No 3 business days prior to cutoff 2021/01/13 00:00 2021/01/11 9:30 2021/01/13 16:00 2021/01/11 9:30
ICEEU G 202003 Short Gilt No 2 business days prior to cutoff 2020/02/27 16:30 2020/02/26 8:00 2020/03/27 11:00 2020/03/26 8:00
ICEEU G 202006 Short Gilt No 2 business days prior to cutoff 2020/05/28 16:30 2020/05/27 8:00 2020/06/26 11:00 2020/06/25 8:00
ICEEU H 202003 Medium Gilt No 2 business days prior to cutoff 2020/02/27 16:30 2020/02/26 8:00 2020/03/27 11:00 2020/03/26 8:00
ICEEU H 202006 Medium Gilt No 2 business days prior to cutoff 2020/05/28 16:30 2020/05/27 8:00 2020/06/26 11:00 2020/06/25 8:00
ICEEU R 202003 Long Gilt No 2 business days prior to cutoff 2020/02/27 16:30 2020/02/26 8:00 2020/03/27 11:00 2020/03/26 8:00
ICEEU R 202006 Long Gilt No 2 business days prior to cutoff 2020/05/28 16:30 2020/05/27 8:00 2020/06/26 11:00 2020/06/25 8:00
ICEEU R 202009 Long Gilt No 2 business days prior to cutoff 2020/08/28 16:30 2020/08/27 8:00 2020/09/28 11:00 2020/09/25 8:00
ICEEUSOFT C 202003 Cocoa No 3 business days prior to cutoff 2020/03/16 12:00 2020/03/12 9:30 2020/03/16 12:00 2020/03/12 9:30
ICEEUSOFT C 202005 Cocoa No 3 business days prior to cutoff 2020/05/13 12:00 2020/05/11 9:30 2020/05/13 12:00 2020/05/11 9:30
ICEEUSOFT C 202007 Cocoa No 3 business days prior to cutoff 2020/07/16 12:00 2020/07/14 9:30 2020/07/16 12:00 2020/07/14 9:30
ICEEUSOFT C 202009 Cocoa No 3 business days prior to cutoff 2020/09/15 12:00 2020/09/11 9:30 2020/09/15 12:00 2020/09/11 9:30
ICEEUSOFT C 202012 Cocoa No 3 business days prior to cutoff 2020/12/14 12:00 2020/12/10 9:30 2020/12/14 12:00 2020/12/10 9:30
ICEEUSOFT RC 202003 Robusta coffee No 3 business days prior to cutoff 2020/02/25 17:30 2020/02/21 9:00 2020/03/25 12:30 2020/03/23 9:00
ICEEUSOFT RC 202005 Robusta coffee No 3 business days prior to cutoff 2020/04/27 17:30 2020/04/23 9:00 2020/05/22 12:30 2020/05/20 9:00
ICEEUSOFT RC 202007 Robusta coffee No 3 business days prior to cutoff 2020/06/25 17:30 2020/06/23 9:00 2020/07/27 12:30 2020/07/23 9:00
ICEEUSOFT RC 202009 Robusta coffee No 3 business days prior to cutoff 2020/08/25 17:30 2020/08/21 9:00 2020/09/24 12:30 2020/09/22 9:00
ICEEUSOFT RC 202011 Robusta coffee No 3 business days prior to cutoff 2020/10/27 17:30 2020/10/23 9:00 2020/11/24 12:30 2020/11/20 9:00
ICEEUSOFT RC 202101 Robusta coffee No 3 business days prior to cutoff 2020/12/24 17:30 2020/12/22 9:00 2021/01/25 12:30 2021/01/21 9:00
ICEEUSOFT T 202003 Wheat No 3 business days prior to cutoff 2020/02/24 16:30 2020/02/20 9:25 2020/03/23 12:30 2020/03/19 9:25
ICEEUSOFT T 202005 Wheat No 3 business days prior to cutoff 2020/04/24 16:30 2020/04/22 9:25 2020/05/22 12:30 2020/05/20 9:25
ICEEUSOFT T 202011 Wheat No 3 business days prior to cutoff 2020/10/26 16:30 2020/10/22 9:25 2020/11/23 12:30 2020/11/19 9:25
ICEEUSOFT T 202007 Wheat No 3 business days prior to cutoff 2020/06/24 16:30 2020/06/22 9:25 2020/07/07 12:30 2020/07/03 9:25
ICEEUSOFT T 202101 Wheat No 3 business days prior to cutoff 2020/12/25 16:30 2020/12/23 9:25 2021/01/22 12:30 2021/01/20 9:25
ICEEUSOFT W 202005 White sugar No 3 business days prior to cutoff 2020/04/15 17:55 2020/04/13 8:45 2020/04/15 17:55 2020/04/13 8:45
ICEEUSOFT W 202008 White sugar No 3 business days prior to cutoff 2020/07/16 17:55 2020/07/14 8:45 2020/07/16 17:55 2020/07/14 8:45
ICEEUSOFT W 202010 White sugar No 3 business days prior to cutoff 2020/09/15 17:55 2020/09/11 8:45 2020/09/15 17:55 2020/09/11 8:45
ICEEUSOFT W 202012 White sugar No 3 business days prior to cutoff 2020/11/13 17:55 2020/11/11 8:45 2020/11/13 17:55 2020/11/11 8:45
ICEEUSOFT W 202103 White sugar No 3 business days prior to cutoff 2021/02/12 17:55 2021/02/10 8:45 2021/02/12 17:55 2021/02/10 8:45
ICEUS KAU 202003 AUD Cash Yes(1) 2 business days prior to cutoff 2020/03/16 00:00 (ET) 2020/03/13 8:05 (ET) 2020/03/16 15:00 (ET) 2020/03/13 8:05 (ET)
ICEUS KAU 202006 AUD Cash Yes(1) 2 business days prior to cutoff 2020/06/15 00:00 (ET) 2020/06/12 8:05 (ET) 2020/06/15 15:00 (ET) 2020/06/12 8:05 (ET)
ICEUS KAU 202009 AUD Cash Yes(1) 2 business days prior to cutoff 2020/09/14 00:00 (ET) 2020/09/11 8:05 (ET) 2020/09/14 15:00 (ET) 2020/09/11 8:05 (ET)
ICEUS KAU 202012 AUD Cash Yes(1) 2 business days prior to cutoff 2020/12/14 00:00 (ET) 2020/12/11 8:05 (ET) 2020/12/14 15:00 (ET) 2020/12/11 8:05 (ET)
ICEUS KEJ 202003 Euro-Japanese Yen Index Yes(1) 2 business days prior to cutoff 2020/03/16 10:16 (ET) 2020/03/13 8:05 (ET) 2020/03/16 10:16 (ET) 2020/03/13 8:05 (ET)
ICEUS KEJ 202006 Euro-Japanese Yen Index Yes(1) 2 business days prior to cutoff 2020/06/15 10:16 (ET) 2020/06/12 8:05 (ET) 2020/06/15 10:16 (ET) 2020/06/12 8:05 (ET)
ICEUS KEJ 202009 Euro-Japanese Yen Index Yes(1) 2 business days prior to cutoff 2020/09/14 10:16 (ET) 2020/09/11 8:05 (ET) 2020/09/14 10:16 (ET) 2020/09/11 8:05 (ET)
ICEUS KEJ 202012 Euro-Japanese Yen Index Yes(1) 2 business days prior to cutoff 2020/12/14 10:16 (ET) 2020/12/11 8:05 (ET) 2020/12/14 10:16 (ET) 2020/12/11 8:05 (ET)
ICEUS KEO 202003 EUR Cash USD Yes(1) 2 business days prior to cutoff 2020/03/16 00:00 (ET) 2020/03/13 8:05 (ET) 2020/03/16 15:00 (ET) 2020/03/13 8:05 (ET)
ICEUS KEO 202006 EUR Cash USD Yes(1) 2 business days prior to cutoff 2020/06/15 00:00 (ET) 2020/06/12 8:05 (ET) 2020/06/15 15:00 (ET) 2020/06/12 8:05 (ET)
Disclosures
  1. Physical Delivery rules for this contract are applicable to Cash/IRA accounts only.
  2. Open positions held after the close of the trading day indicated in this field become subject to liquidation.
  3. First Position Date and Time; cutoff applicable to long positions.
  4. Last Trading Date and Time; cutoff applicable to short positions.
  5. The times listed in "Long Futures Liquidation" and "Short Futures Liquidation" columns are shown in local exchange time.