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
LMEOTC NI 202004 Nickel 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 NI 202005 Nickel 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 NI 202006 Nickel 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 NI 202007 Nickel 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 NI 202008 Nickel 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 NI 202009 Nickel 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 NI 202010 Nickel 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 NI 202011 Nickel 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 NI 202012 Nickel 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 NI 202101 Nickel 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 PB 202002 Lead 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 PB 202003 Lead 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 PB 202004 Lead 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 PB 202005 Lead 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 PB 202006 Lead 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 PB 202007 Lead 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 PB 202008 Lead 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 PB 202009 Lead 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 PB 202010 Lead 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 PB 202011 Lead 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 PB 202012 Lead 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 PB 202101 Lead 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 SN 202002 Tin 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 SN 202003 Tin 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 SN 202004 Tin 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 SN 202005 Tin 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 SN 202006 Tin 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 SN 202007 Tin 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 SN 202008 Tin 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 SN 202009 Tin 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 SN 202010 Tin 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 SN 202011 Tin 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 SN 202012 Tin 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 SN 202101 Tin 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 ZS 202002 Zinc 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 ZS 202003 Zinc 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 ZS 202004 Zinc 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 ZS 202005 Zinc 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 ZS 202006 Zinc 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 ZS 202007 Zinc 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 ZS 202008 Zinc 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 ZS 202009 Zinc 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 ZS 202010 Zinc 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 ZS 202011 Zinc 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 ZS 202012 Zinc 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 ZS 202101 Zinc 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
MATIF EBM 202003 Milling Wheat No 2 business days prior to cutoff 2020/03/03 17:30 (CET) 2020/03/02 10:45 (CET) 2020/03/03 17:30 (CET) 2020/03/02 10:45 (CET)
MATIF EBM 202005 Milling Wheat No 2 business days prior to cutoff 2020/05/04 17:30 (CET) 2020/05/01 10:45 (CET) 2020/05/04 17:30 (CET) 2020/05/01 10:45 (CET)
MATIF EBM 202009 Milling Wheat No 2 business days prior to cutoff 2020/09/03 17:30 (CET) 2020/09/02 10:45 (CET) 2020/09/03 17:30 (CET) 2020/09/02 10:45 (CET)
MATIF EBM 202012 Milling Wheat No 2 business days prior to cutoff 2020/12/03 17:30 (CET) 2020/12/02 10:45 (CET) 2020/12/03 17:30 (CET) 2020/12/02 10:45 (CET)
MATIF ECO 202005 Rapeseed No 2 business days prior to cutoff 2020/04/30 17:30 (CET) 2020/04/29 10:45 (CET) 2020/04/30 17:30 (CET) 2020/04/29 10:45 (CET)
MATIF ECO 202008 Rapeseed No 2 business days prior to cutoff 2020/07/31 17:30 (CET) 2020/07/30 10:45 (CET) 2020/07/31 17:30 (CET) 2020/07/30 10:45 (CET)
MATIF ECO 202011 Rapeseed No 2 business days prior to cutoff 2020/10/30 17:30 (CET) 2020/10/29 10:45 (CET) 2020/10/30 17:30 (CET) 2020/10/29 10:45 (CET)
MATIF ECO 202102 Rapeseed No 2 business days prior to cutoff 2021/01/29 17:30 (CET) 2021/01/28 10:45 (CET) 2021/01/29 17:30 (CET) 2021/01/28 10:45 (CET)
MATIF EMA 202003 Corn No 2 business days prior to cutoff 2020/02/27 17:30 (CET) 2020/02/26 10:45 (CET) 2020/03/05 17:30 (CET) 2020/03/04 10:45 (CET)
MATIF EMA 202006 Corn No 2 business days prior to cutoff 2020/05/29 17:30 (CET) 2020/05/28 10:45 (CET) 2020/06/05 17:30 (CET) 2020/06/04 10:45 (CET)
MATIF EMA 202008 Corn No 2 business days prior to cutoff 2020/07/29 17:30 (CET) 2020/07/28 10:45 (CET) 2020/08/05 17:30 (CET) 2020/08/04 10:45 (CET)
MATIF EMA 202011 Corn No 2 business days prior to cutoff 2020/10/29 17:30 (CET) 2020/10/28 10:45 (CET) 2020/11/05 17:30 (CET) 2020/11/04 10:45 (CET)
MATIF EMA 202101 Corn No 2 business days prior to cutoff 2020/12/28 17:30 (CET) 2020/12/25 10:45 (CET) 2021/01/05 17:30 (CET) 2021/01/04 10:45 (CET)
MEXDER DA 202002 Dollar FX No 2 business days prior to cutoff 2020/02/17 14:00 (CDT) 2020/02/14 7:30 (CDT) 2020/02/17 14:00 (CDT) 2020/02/14 7:30 (CDT)
MEXDER DA 202003 Dollar FX No 2 business days prior to cutoff 2020/03/13 14:00 (CDT) 2020/03/12 7:30 (CDT) 2020/03/13 14:00 (CDT) 2020/03/12 7:30 (CDT)
MEXDER DA 202004 Dollar FX No 2 business days prior to cutoff 2020/04/13 14:00 (CDT) 2020/04/10 7:30 (CDT) 2020/04/13 14:00 (CDT) 2020/04/10 7:30 (CDT)
MEXDER DA 202005 Dollar FX No 2 business days prior to cutoff 2020/05/18 14:00 (CDT) 2020/05/15 7:30 (CDT) 2020/05/18 14:00 (CDT) 2020/05/15 7:30 (CDT)
MEXDER DA 202006 Dollar FX No 2 business days prior to cutoff 2020/06/15 14:00 (CDT) 2020/06/12 7:30 (CDT) 2020/06/15 14:00 (CDT) 2020/06/12 7:30 (CDT)
MEXDER DA 202008 Dollar FX No 2 business days prior to cutoff 2020/08/17 14:00 (CDT) 2020/08/14 7:30 (CDT) 2020/08/17 14:00 (CDT) 2020/08/14 7:30 (CDT)
MEXDER DA 202009 Dollar FX No 2 business days prior to cutoff 2020/09/11 14:00 (CDT) 2020/09/10 7:30 (CDT) 2020/09/11 14:00 (CDT) 2020/09/10 7:30 (CDT)
MEXDER DA 202010 Dollar FX No 2 business days prior to cutoff 2020/10/19 14:00 (CDT) 2020/10/16 7:30 (CDT) 2020/10/19 14:00 (CDT) 2020/10/16 7:30 (CDT)
MEXDER DA 202007 Dollar FX No 2 business days prior to cutoff 2020/07/13 14:00 (CDT) 2020/07/10 7:30 (CDT) 2020/07/13 14:00 (CDT) 2020/07/10 7:30 (CDT)
MEXDER DA 202101 Dollar FX No 2 business days prior to cutoff 2021/01/18 14:00 (CDT) 2021/01/15 7:30 (CDT) 2021/01/18 14:00 (CDT) 2021/01/15 7:30 (CDT)
MEXDER M10 202003 Spanish 10 years bonds No 2 business days prior to cutoff 2020/03/26 14:00 (CDT) 2020/03/25 7:30 (CDT) 2020/03/26 14:00 (CDT) 2020/03/25 7:30 (CDT)
MEXDER M10 202006 Spanish 10 years bonds No 2 business days prior to cutoff 2020/06/25 14:00 (CDT) 2020/06/24 7:30 (CDT) 2020/06/25 14:00 (CDT) 2020/06/24 7:30 (CDT)
MEXDER M10 202009 Spanish 10 years bonds No 2 business days prior to cutoff 2020/09/25 14:00 (CDT) 2020/09/24 7:30 (CDT) 2020/09/25 14:00 (CDT) 2020/09/24 7:30 (CDT)
MEXDER M10 202012 Spanish 10 years bonds No 2 business days prior to cutoff 2020/12/28 14:00 (CDT) 2020/12/25 7:30 (CDT) 2020/12/28 14:00 (CDT) 2020/12/25 7:30 (CDT)
MEXDER M3 202003 Spanish 3 years bonds No 2 business days prior to cutoff 2020/03/26 14:00 (CDT) 2020/03/25 7:30 (CDT) 2020/03/26 14:00 (CDT) 2020/03/25 7:30 (CDT)
MEXDER M3 202006 Spanish 3 years bonds No 2 business days prior to cutoff 2020/06/25 14:00 (CDT) 2020/06/24 7:30 (CDT) 2020/06/25 14:00 (CDT) 2020/06/24 7:30 (CDT)
MEXDER M3 202009 Spanish 3 years bonds No 2 business days prior to cutoff 2020/09/25 14:00 (CDT) 2020/09/24 7:30 (CDT) 2020/09/25 14:00 (CDT) 2020/09/24 7:30 (CDT)
MEXDER M3 202012 Spanish 3 years bonds No 2 business days prior to cutoff 2020/12/28 14:00 (CDT) 2020/12/25 7:30 (CDT) 2020/12/28 14:00 (CDT) 2020/12/25 7:30 (CDT)
NYBOT CC 202003 COCOA No 2 business days prior to cutoff 2020/02/13 13:30 (ET) 2020/02/12 8:00 (ET) 2020/02/13 13:30 (ET) 2020/02/12 8:00 (ET)
NYBOT CC 202005 COCOA No 2 business days prior to cutoff 2020/04/16 13:30 (ET) 2020/04/15 8:00 (ET) 2020/04/16 13:30 (ET) 2020/04/15 8:00 (ET)
NYBOT CC 202007 COCOA No 2 business days prior to cutoff 2020/06/16 13:30 (ET) 2020/06/15 8:00 (ET) 2020/06/16 13:30 (ET) 2020/06/15 8:00 (ET)
NYBOT CC 202009 COCOA No 2 business days prior to cutoff 2020/08/17 13:30 (ET) 2020/08/14 8:00 (ET) 2020/08/17 13:30 (ET) 2020/08/14 8:00 (ET)
NYBOT CC 202012 COCOA No 2 business days prior to cutoff 2020/11/13 13:30 (ET) 2020/11/12 8:00 (ET) 2020/11/13 13:30 (ET) 2020/11/12 8:00 (ET)
NYBOT CT 202003 COTTON No 2 business days prior to cutoff 2020/02/21 14:20 (ET) 2020/02/20 8:00 (ET) 2020/02/21 14:20 (ET) 2020/02/20 8:00 (ET)
NYBOT CT 202005 COTTON No 2 business days prior to cutoff 2020/04/23 14:20 (ET) 2020/04/22 8:00 (ET) 2020/04/23 14:20 (ET) 2020/04/22 8:00 (ET)
NYBOT CT 202007 COTTON No 2 business days prior to cutoff 2020/06/23 14:20 (ET) 2020/06/22 8:00 (ET) 2020/06/23 14:20 (ET) 2020/06/22 8:00 (ET)
NYBOT CT 202010 COTTON No 2 business days prior to cutoff 2020/09/23 14:20 (ET) 2020/09/22 8:00 (ET) 2020/09/23 14:20 (ET) 2020/09/22 8:00 (ET)
NYBOT CT 202012 COTTON No 2 business days prior to cutoff 2020/11/20 14:20 (ET) 2020/11/19 8:00 (ET) 2020/11/20 14:20 (ET) 2020/11/19 8:00 (ET)
NYBOT DX 202003 US DOLLAR INDEX No 2 business days prior to cutoff 2020/03/16 10:16 (ET) 2020/03/13 8:00 (ET) 2020/03/16 10:16 (ET) 2020/03/13 8:00 (ET)
NYBOT DX 202006 US DOLLAR INDEX No 2 business days prior to cutoff 2020/06/15 10:16 (ET) 2020/06/12 8:00 (ET) 2020/06/15 10:16 (ET) 2020/06/12 8:00 (ET)
NYBOT DX 202009 US DOLLAR INDEX No 2 business days prior to cutoff 2020/09/14 10:16 (ET) 2020/09/11 8:00 (ET) 2020/09/14 10:16 (ET) 2020/09/11 8:00 (ET)
NYBOT DX 202012 US DOLLAR INDEX No 2 business days prior to cutoff 2020/12/14 10:16 (ET) 2020/12/11 8:00 (ET) 2020/12/14 10:16 (ET) 2020/12/11 8:00 (ET)
NYBOT KC 202003 COFFEE C No 2 business days prior to cutoff 2020/02/19 13:30 (ET) 2020/02/18 8:00 (ET) 2020/02/19 13:30 (ET) 2020/02/18 8:00 (ET)
NYBOT KC 202005 COFFEE C No 2 business days prior to cutoff 2020/04/21 13:30 (ET) 2020/04/20 8:00 (ET) 2020/04/21 13:30 (ET) 2020/04/20 8:00 (ET)
NYBOT KC 202007 COFFEE C No 2 business days prior to cutoff 2020/06/19 13:30 (ET) 2020/06/18 8:00 (ET) 2020/06/19 13:30 (ET) 2020/06/18 8:00 (ET)
NYBOT KC 202009 COFFEE C No 2 business days prior to cutoff 2020/08/20 13:30 (ET) 2020/08/19 8:00 (ET) 2020/08/20 13:30 (ET) 2020/08/19 8:00 (ET)
NYBOT KC 202012 COFFEE C No 2 business days prior to cutoff 2020/11/18 13:30 (ET) 2020/11/17 8:00 (ET) 2020/11/18 13:30 (ET) 2020/11/17 8:00 (ET)
NYBOT OJ 202003 FL ORANGE JUICE No 2 business days prior to cutoff 2020/02/28 14:00 (ET) 2020/02/27 8:00 (ET) 2020/02/28 14:00 (ET) 2020/02/27 8:00 (ET)
NYBOT OJ 202005 FL ORANGE JUICE No 2 business days prior to cutoff 2020/04/30 14:00 (ET) 2020/04/29 8:00 (ET) 2020/04/30 14:00 (ET) 2020/04/29 8:00 (ET)
NYBOT OJ 202007 FL ORANGE JUICE No 2 business days prior to cutoff 2020/06/30 14:00 (ET) 2020/06/29 8:00 (ET) 2020/06/30 14:00 (ET) 2020/06/29 8:00 (ET)
NYBOT OJ 202009 FL ORANGE JUICE No 2 business days prior to cutoff 2020/08/31 14:00 (ET) 2020/08/28 8:00 (ET) 2020/08/31 14:00 (ET) 2020/08/28 8:00 (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.