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
ICEUS KEO 202009 EUR Cash USD 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 KEO 202012 EUR Cash USD 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 KEP 202003 EUR Cash CAD 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 KEP 202006 EUR Cash CAD 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 KEP 202009 EUR Cash CAD 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 KEP 202012 EUR Cash CAD 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 KGB 202003 Euro-British Pound 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 KGB 202006 Euro-British Pound 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 KGB 202009 Euro-British Pound 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 KGB 202012 Euro-British Pound 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 KRA 202003 EUR Cash AUD 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 KRA 202006 EUR Cash AUD 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 KRA 202009 EUR Cash AUD 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 KRA 202012 EUR Cash AUD 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 KRZ 202003 EUR Swiss Franc 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 KRZ 202006 EUR Swiss Franc 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 KRZ 202009 EUR Swiss Franc 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 KRZ 202012 EUR Swiss Franc 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 KZY 202003 Swiss Franc-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 KZY 202006 Swiss Franc-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 KZY 202009 Swiss Franc-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 KZY 202012 Swiss Franc-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 MP 202003 GBP 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 MP 202006 GBP 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)
ICEUS MP 202009 GBP USD 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 MP 202012 GBP USD 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 SS 202003 USD CHF 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 SS 202006 USD CHF 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 SS 202009 USD CHF 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 SS 202012 USD CHF 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 SY 202003 GBP in JPY 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 SY 202006 GBP in JPY 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 SY 202009 GBP in JPY 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 SY 202012 GBP in JPY 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)
IPE ECF 202012 ICE ECX EUA No 2 business days prior to cutoff 2020/12/14 16:30 (GMT) 2020/12/11 7:00 (GMT) 2020/12/14 16:30 (GMT) 2020/12/11 7:00 (GMT)
IPE ECF 202009 ICE ECX EUA No 2 business days prior to cutoff 2020/09/28 16:30 (GMT) 2020/09/25 7:00 (GMT) 2020/09/28 16:30 (GMT) 2020/09/25 7:00 (GMT)
IPE ECF 202006 ICE ECX EUA No 2 business days prior to cutoff 2020/06/29 16:30 (GMT) 2020/06/26 7:00 (GMT) 2020/06/29 16:30 (GMT) 2020/06/26 7:00 (GMT)
IPE ECF 202003 ICE ECX EUA No 2 business days prior to cutoff 2020/03/30 16:30 (GMT) 2020/03/27 7:00 (GMT) 2020/03/30 16:30 (GMT) 2020/03/27 7:00 (GMT)
IPE GOIL 202010 Gas Oil No 2 business days prior to cutoff 2020/10/12 12:00 (GMT) 2020/10/09 1:00 (GMT) 2020/10/12 12:00 (GMT) 2020/10/09 1:00 (GMT)
IPE GOIL 202011 Gas Oil No 2 business days prior to cutoff 2020/11/12 12:00 (GMT) 2020/11/11 1:00 (GMT) 2020/11/12 12:00 (GMT) 2020/11/11 1:00 (GMT)
IPE GOIL 202012 Gas Oil No 2 business days prior to cutoff 2020/12/10 12:00 (GMT) 2020/12/09 1:00 (GMT) 2020/12/10 12:00 (GMT) 2020/12/09 1:00 (GMT)
IPE GOIL 202102 Gas Oil No 2 business days prior to cutoff 2021/02/11 12:00 (GMT) 2021/02/10 1:00 (GMT) 2021/02/11 12:00 (GMT) 2021/02/10 1:00 (GMT)
IPE GOIL 202009 Gas Oil No 2 business days prior to cutoff 2020/09/10 12:00 (GMT) 2020/09/09 1:00 (GMT) 2020/09/10 12:00 (GMT) 2020/09/09 1:00 (GMT)
IPE GOIL 202004 Gas Oil No 2 business days prior to cutoff 2020/04/08 12:00 (GMT) 2020/04/07 1:00 (GMT) 2020/04/08 12:00 (GMT) 2020/04/07 1:00 (GMT)
IPE GOIL 202003 Gas Oil No 2 business days prior to cutoff 2020/03/12 12:00 (GMT) 2020/03/11 1:00 (GMT) 2020/03/12 12:00 (GMT) 2020/03/11 1:00 (GMT)
IPE GOIL 202006 Gas Oil No 2 business days prior to cutoff 2020/06/11 12:00 (GMT) 2020/06/10 1:00 (GMT) 2020/06/11 12:00 (GMT) 2020/06/10 1:00 (GMT)
IPE GOIL 202007 Gas Oil No 2 business days prior to cutoff 2020/07/10 12:00 (GMT) 2020/07/09 1:00 (GMT) 2020/07/10 12:00 (GMT) 2020/07/09 1:00 (GMT)
IPE GOIL 202101 Gas Oil No 2 business days prior to cutoff 2021/01/12 12:00 (GMT) 2021/01/11 1:00 (GMT) 2021/01/12 12:00 (GMT) 2021/01/11 1:00 (GMT)
IPE GOIL 202008 Gas Oil No 2 business days prior to cutoff 2020/08/12 12:00 (GMT) 2020/08/11 1:00 (GMT) 2020/08/12 12:00 (GMT) 2020/08/11 1:00 (GMT)
IPE GOIL 202005 Gas Oil No 2 business days prior to cutoff 2020/05/12 12:00 (GMT) 2020/05/11 1:00 (GMT) 2020/05/12 12:00 (GMT) 2020/05/11 1:00 (GMT)
IPE NGF 202003 Natural Gas No 2 business days prior to cutoff 2020/02/27 00:00 (GMT) 2020/02/26 7:00 (GMT) 2020/02/27 16:30 (GMT) 2020/02/26 7:00 (GMT)
IPE NGF 202006 Natural Gas No 2 business days prior to cutoff 2020/05/28 00:00 (GMT) 2020/05/27 7:00 (GMT) 2020/05/28 16:30 (GMT) 2020/05/27 7:00 (GMT)
IPE NGF 202009 Natural Gas No 2 business days prior to cutoff 2020/08/27 00:00 (GMT) 2020/08/26 7:00 (GMT) 2020/08/27 16:30 (GMT) 2020/08/26 7:00 (GMT)
IPE NGF 202005 Natural Gas No 2 business days prior to cutoff 2020/04/29 00:00 (GMT) 2020/04/28 7:00 (GMT) 2020/04/29 16:30 (GMT) 2020/04/28 7:00 (GMT)
IPE NGF 202008 Natural Gas No 2 business days prior to cutoff 2020/07/30 00:00 (GMT) 2020/07/29 7:00 (GMT) 2020/07/30 16:30 (GMT) 2020/07/29 7:00 (GMT)
IPE NGF 202004 Natural Gas No 2 business days prior to cutoff 2020/03/30 00:00 (GMT) 2020/03/27 7:00 (GMT) 2020/03/30 16:30 (GMT) 2020/03/27 7:00 (GMT)
IPE NGF 202007 Natural Gas No 2 business days prior to cutoff 2020/06/29 00:00 (GMT) 2020/06/26 7:00 (GMT) 2020/06/29 16:30 (GMT) 2020/06/26 7:00 (GMT)
IPE NGF 202010 Natural Gas No 2 business days prior to cutoff 2020/09/29 00:00 (GMT) 2020/09/28 7:00 (GMT) 2020/09/29 16:30 (GMT) 2020/09/28 7:00 (GMT)
IPE NGF 202012 Natural Gas No 2 business days prior to cutoff 2020/11/27 00:00 (GMT) 2020/11/26 7:00 (GMT) 2020/11/27 16:30 (GMT) 2020/11/26 7:00 (GMT)
IPE NGF 202011 Natural Gas No 2 business days prior to cutoff 2020/10/29 00:00 (GMT) 2020/10/28 7:00 (GMT) 2020/10/29 16:30 (GMT) 2020/10/28 7:00 (GMT)
IPE NGF 202101 Natural Gas No 2 business days prior to cutoff 2020/12/30 00:00 (GMT) 2020/12/29 7:00 (GMT) 2020/12/30 16:30 (GMT) 2020/12/29 7:00 (GMT)
IPE NGF 202102 Natural Gas No 2 business days prior to cutoff 2021/01/28 00:00 (GMT) 2021/01/27 7:00 (GMT) 2021/01/28 16:30 (GMT) 2021/01/27 7:00 (GMT)
KSE 175 202003 USD/KRW No 2 business days prior to cutoff 2020/03/16 11:30 2020/03/13 09:00 2020/03/16 11:30 2020/03/13 09:00
KSE 175 202006 USD/KRW No 2 business days prior to cutoff 2020/06/15 11:30 2020/06/12 09:00 2020/06/15 11:30 2020/06/12 09:00
KSE 175 202009 USD/KRW No 2 business days prior to cutoff 2020/09/21 11:30 2020/09/18 09:00 2020/09/21 11:30 2020/09/18 09:00
KSE 175 202012 USD/KRW No 2 business days prior to cutoff 2020/12/21 11:30 2020/12/18 09:00 2020/12/21 11:30 2020/12/18 09:00
KSE 175 202002 USD/KRW No 2 business days prior to cutoff 2020/02/17 11:30 2020/02/14 09:00 2020/02/17 11:30 2020/02/14 09:00
KSE 175 202004 USD/KRW No 2 business days prior to cutoff 2020/04/20 11:30 2020/04/17 09:00 2020/04/20 11:30 2020/04/17 09:00
KSE 175 202005 USD/KRW No 2 business days prior to cutoff 2020/05/18 11:30 2020/05/15 09:00 2020/05/18 11:30 2020/05/15 09:00
KSE 175 202007 USD/KRW No 2 business days prior to cutoff 2020/07/20 11:30 2020/07/17 09:00 2020/07/20 11:30 2020/07/17 09:00
KSE 175 202008 USD/KRW No 2 business days prior to cutoff 2020/08/17 11:30 2020/08/14 09:00 2020/08/17 11:30 2020/08/14 09:00
KSE 175 202010 USD/KRW No 2 business days prior to cutoff 2020/10/19 11:30 2020/10/16 09:00 2020/10/19 11:30 2020/10/16 09:00
KSE 175 202011 USD/KRW No 2 business days prior to cutoff 2020/11/16 11:30 2020/11/13 09:00 2020/11/16 11:30 2020/11/13 09:00
KSE 175 202101 USD/KRW No 2 business days prior to cutoff 2021/01/18 11:30 2021/01/15 09:00 2021/01/18 11:30 2021/01/15 09:00
LMEOTC AH 202002 Aluminum No 7 business days prior to cutoff 2020/02/19 00:00 2020/02/11 9:10 2020/02/19 17:00 2020/02/11 9:10
LMEOTC AH 202003 Aluminum No 7 business days prior to cutoff 2020/03/18 00:00 2020/03/10 9:10 2020/03/18 17:00 2020/03/10 9:10
LMEOTC AH 202004 Aluminum No 7 business days prior to cutoff 2020/04/15 00:00 2020/04/07 9:10 2020/04/15 17:00 2020/04/07 9:10
LMEOTC AH 202005 Aluminum No 7 business days prior to cutoff 2020/05/20 00:00 2020/05/12 9:10 2020/05/20 17:00 2020/05/12 9:10
LMEOTC AH 202006 Aluminum No 7 business days prior to cutoff 2020/06/17 00:00 2020/06/09 9:10 2020/06/17 17:00 2020/06/09 9:10
LMEOTC AH 202007 Aluminum No 7 business days prior to cutoff 2020/07/15 00:00 2020/07/07 9:10 2020/07/15 17:00 2020/07/07 9:10
LMEOTC AH 202008 Aluminum No 7 business days prior to cutoff 2020/08/19 00:00 2020/08/11 9:10 2020/08/19 17:00 2020/08/11 9:10
LMEOTC AH 202009 Aluminum No 7 business days prior to cutoff 2020/09/16 00:00 2020/09/08 9:10 2020/09/16 17:00 2020/09/08 9:10
LMEOTC AH 202010 Aluminum No 7 business days prior to cutoff 2020/10/21 00:00 2020/10/13 9:10 2020/10/21 17:00 2020/10/13 9:10
LMEOTC AH 202011 Aluminum No 7 business days prior to cutoff 2020/11/18 00:00 2020/11/10 9:10 2020/11/18 17:00 2020/11/10 9:10
LMEOTC AH 202012 Aluminum No 7 business days prior to cutoff 2020/12/16 00:00 2020/12/08 9:10 2020/12/16 17:00 2020/12/08 9:10
LMEOTC AH 202101 Aluminum No 7 business days prior to cutoff 2021/01/20 00:00 2021/01/12 9:10 2021/01/20 17:00 2021/01/12 9:10
LMEOTC CA 202002 Copper No 7 business days prior to cutoff 2020/02/19 00:00 2020/02/11 9:10 2020/02/19 17:00 2020/02/11 9:10
LMEOTC CA 202003 Copper No 7 business days prior to cutoff 2020/03/18 00:00 2020/03/10 9:10 2020/03/18 17:00 2020/03/10 9:10
LMEOTC CA 202004 Copper No 7 business days prior to cutoff 2020/04/15 00:00 2020/04/07 9:10 2020/04/15 17:00 2020/04/07 9:10
LMEOTC CA 202005 Copper No 7 business days prior to cutoff 2020/05/20 00:00 2020/05/12 9:10 2020/05/20 17:00 2020/05/12 9:10
LMEOTC CA 202006 Copper No 7 business days prior to cutoff 2020/06/17 00:00 2020/06/09 9:10 2020/06/17 17:00 2020/06/09 9:10
LMEOTC CA 202007 Copper No 7 business days prior to cutoff 2020/07/15 00:00 2020/07/07 9:10 2020/07/15 17:00 2020/07/07 9:10
LMEOTC CA 202008 Copper No 7 business days prior to cutoff 2020/08/19 00:00 2020/08/11 9:10 2020/08/19 17:00 2020/08/11 9:10
LMEOTC CA 202009 Copper No 7 business days prior to cutoff 2020/09/16 00:00 2020/09/08 9:10 2020/09/16 17:00 2020/09/08 9:10
LMEOTC CA 202010 Copper No 7 business days prior to cutoff 2020/10/21 00:00 2020/10/13 9:10 2020/10/21 17:00 2020/10/13 9:10
LMEOTC CA 202011 Copper No 7 business days prior to cutoff 2020/11/18 00:00 2020/11/10 9:10 2020/11/18 17:00 2020/11/10 9:10
LMEOTC CA 202012 Copper No 7 business days prior to cutoff 2020/12/16 00:00 2020/12/08 9:10 2020/12/16 17:00 2020/12/08 9:10
LMEOTC CA 202101 Copper No 7 business days prior to cutoff 2021/01/20 00:00 2021/01/12 9:10 2021/01/20 17:00 2021/01/12 9:10
LMEOTC NI 202002 Nickel No 7 business days prior to cutoff 2020/02/19 00:00 2020/02/11 9:10 2020/02/19 17:00 2020/02/11 9:10
LMEOTC NI 202003 Nickel No 7 business days prior to cutoff 2020/03/18 00:00 2020/03/10 9:10 2020/03/18 17:00 2020/03/10 9:10
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.