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
NYMEX SGC 202006 SGX Gold CNH No 2 business days prior to cutoff 2020/06/24 02:15 (ET) 2020/06/23 09:30 (ET) 2020/06/24 02:15 (ET) 2020/06/23 09:30 (ET)
NYMEX SGC 202008 SGX Gold CNH No 2 business days prior to cutoff 2020/08/27 02:15 (ET) 2020/08/26 09:30 (ET) 2020/08/27 02:15 (ET) 2020/08/26 09:30 (ET)
NYMEX SGC 202010 SGX Gold CNH No 2 business days prior to cutoff 2020/10/28 02:15 (ET) 2020/10/27 09:30 (ET) 2020/10/28 02:15 (ET) 2020/10/27 09:30 (ET)
NYMEX SGC 202003 SGX Gold CNH No 2 business days prior to cutoff 2020/03/27 02:15 (ET) 2020/03/26 09:30 (ET) 2020/03/27 02:15 (ET) 2020/03/26 09:30 (ET)
NYMEX SGC 202012 SGX Gold CNH No 2 business days prior to cutoff 2020/12/29 01:15 (ET) 2020/12/28 09:30 (ET) 2020/12/29 01:15 (ET) 2020/12/28 09:30 (ET)
NYMEX SGU 202002 SGX Gold USD No 2 business days prior to cutoff 2020/02/26 01:15 (ET) 2020/02/25 09:30 (ET) 2020/02/26 01:15 (ET) 2020/02/25 09:30 (ET)
NYMEX SGU 202004 SGX Gold USD No 2 business days prior to cutoff 2020/04/28 02:15 (ET) 2020/04/27 09:30 (ET) 2020/04/28 02:15 (ET) 2020/04/27 09:30 (ET)
NYMEX SGU 202006 SGX Gold USD No 2 business days prior to cutoff 2020/06/24 02:15 (ET) 2020/06/23 09:30 (ET) 2020/06/24 02:15 (ET) 2020/06/23 09:30 (ET)
NYMEX SGU 202008 SGX Gold USD No 2 business days prior to cutoff 2020/08/27 02:15 (ET) 2020/08/26 09:30 (ET) 2020/08/27 02:15 (ET) 2020/08/26 09:30 (ET)
NYMEX SGU 202010 SGX Gold USD No 2 business days prior to cutoff 2020/10/28 02:15 (ET) 2020/10/27 09:30 (ET) 2020/10/28 02:15 (ET) 2020/10/27 09:30 (ET)
NYMEX SGU 202003 SGX Gold USD No 2 business days prior to cutoff 2020/03/27 02:15 (ET) 2020/03/26 09:30 (ET) 2020/03/27 02:15 (ET) 2020/03/26 09:30 (ET)
NYMEX SGU 202012 SGX Gold USD No 2 business days prior to cutoff 2020/12/29 01:15 (ET) 2020/12/28 09:30 (ET) 2020/12/29 01:15 (ET) 2020/12/28 09:30 (ET)
NYMEX SI 202007 Silver No 2 business days prior to cutoff 2020/06/29 16:00 (ET) 2020/06/26 8:25 (ET) 2020/07/29 13:25 (ET) 2020/07/28 8:25 (ET)
NYMEX SI 202012 Silver No 2 business days prior to cutoff 2020/11/27 16:00 (ET) 2020/11/26 8:25 (ET) 2020/12/29 13:25 (ET) 2020/12/28 8:25 (ET)
NYMEX SI 202003 Silver No 2 business days prior to cutoff 2020/02/27 16:00 (ET) 2020/02/26 8:25 (ET) 2020/03/27 13:25 (ET) 2020/03/26 8:25 (ET)
NYMEX SI 202005 Silver No 2 business days prior to cutoff 2020/04/29 16:00 (ET) 2020/04/28 8:25 (ET) 2020/05/27 13:25 (ET) 2020/05/26 8:25 (ET)
NYMEX SI 202009 Silver No 2 business days prior to cutoff 2020/08/28 16:00 (ET) 2020/08/27 8:25 (ET) 2020/09/28 13:25 (ET) 2020/09/25 8:25 (ET)
NYMEX SI 202101 Silver No 2 business days prior to cutoff 2020/12/30 16:00 (ET) 2020/12/29 8:25 (ET) 2021/01/27 13:25 (ET) 2021/01/26 8:25 (ET)
NYMEX SI 202002 Silver No 2 business days prior to cutoff 2020/01/30 16:00 (ET) 2020/01/29 8:25 (ET) 2020/02/26 13:25 (ET) 2020/02/25 8:25 (ET)
NYMEX SI 202004 Silver No 2 business days prior to cutoff 2020/03/30 16:00 (ET) 2020/03/27 8:25 (ET) 2020/04/28 13:25 (ET) 2020/04/27 8:25 (ET)
NYMEX SIL 202003 Silver No 2 business days prior to cutoff 2020/02/27 16:00 (ET) 2020/02/26 8:25 (ET) 2020/03/27 13:25 (ET) 2020/03/26 8:25 (ET)
NYMEX SIL 202005 Silver No 2 business days prior to cutoff 2020/04/29 16:00 (ET) 2020/04/28 8:25 (ET) 2020/05/27 13:25 (ET) 2020/05/26 8:25 (ET)
NYMEX SIL 202007 Silver No 2 business days prior to cutoff 2020/06/29 16:00 (ET) 2020/06/26 8:25 (ET) 2020/07/29 13:25 (ET) 2020/07/28 8:25 (ET)
NYMEX SIL 202009 Silver No 2 business days prior to cutoff 2020/08/28 16:00 (ET) 2020/08/27 8:25 (ET) 2020/09/28 13:25 (ET) 2020/09/25 8:25 (ET)
NYMEX SIL 202002 Silver No 2 business days prior to cutoff 2020/01/30 16:00 (ET) 2020/01/29 8:25 (ET) 2020/02/26 13:25 (ET) 2020/02/25 8:25 (ET)
NYMEX SIL 202012 Silver No 2 business days prior to cutoff 2020/11/27 16:00 (ET) 2020/11/26 8:25 (ET) 2020/12/29 13:25 (ET) 2020/12/28 8:25 (ET)
NYMEX SIL 202004 Silver No 2 business days prior to cutoff 2020/03/30 16:00 (ET) 2020/03/27 8:25 (ET) 2020/04/28 13:25 (ET) 2020/04/27 8:25 (ET)
NYMEX SIL 202101 Silver No 2 business days prior to cutoff 2020/12/30 16:00 (ET) 2020/12/29 8:25 (ET) 2021/01/27 13:25 (ET) 2021/01/26 8:25 (ET)
NYSELIFFE YG 202006 MINI NY GOLD No 2 business days prior to cutoff 2020/05/28 15:15 (ET) 2020/05/27 8:30 (ET) 2020/05/28 15:15 (ET) 2020/05/27 8:30 (ET)
NYSELIFFE YG 202012 MINI NY GOLD No 2 business days prior to cutoff 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET) 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET)
NYSELIFFE YG 202002 MINI NY GOLD No 2 business days prior to cutoff 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET) 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET)
NYSELIFFE YG 202004 MINI NY GOLD No 2 business days prior to cutoff 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET) 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET)
NYSELIFFE YG 202008 MINI NY GOLD No 2 business days prior to cutoff 2020/07/30 15:15 (ET) 2020/07/29 8:30 (ET) 2020/07/30 15:15 (ET) 2020/07/29 8:30 (ET)
NYSELIFFE YG 202010 MINI NY GOLD No 2 business days prior to cutoff 2020/09/29 15:15 (ET) 2020/09/28 8:30 (ET) 2020/09/29 15:15 (ET) 2020/09/28 8:30 (ET)
NYSELIFFE YG 202003 MINI NY GOLD No 2 business days prior to cutoff 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET) 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET)
NYSELIFFE YI 202007 MINI NY SILVER No 2 business days prior to cutoff 2020/06/29 15:15 (ET) 2020/06/26 8:30 (ET) 2020/06/29 15:15 (ET) 2020/06/26 8:30 (ET)
NYSELIFFE YI 202012 MINI NY SILVER No 2 business days prior to cutoff 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET) 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET)
NYSELIFFE YI 202003 MINI NY SILVER No 2 business days prior to cutoff 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET) 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET)
NYSELIFFE YI 202005 MINI NY SILVER No 2 business days prior to cutoff 2020/04/29 15:15 (ET) 2020/04/28 8:30 (ET) 2020/04/29 15:15 (ET) 2020/04/28 8:30 (ET)
NYSELIFFE YI 202009 MINI NY SILVER No 2 business days prior to cutoff 2020/08/28 15:15 (ET) 2020/08/27 8:30 (ET) 2020/08/28 15:15 (ET) 2020/08/27 8:30 (ET)
NYSELIFFE YI 202101 MINI NY SILVER No 2 business days prior to cutoff 2020/12/30 15:15 (ET) 2020/12/29 8:30 (ET) 2020/12/30 15:15 (ET) 2020/12/29 8:30 (ET)
NYSELIFFE YI 202002 MINI NY SILVER No 2 business days prior to cutoff 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET) 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET)
NYSELIFFE YI 202004 MINI NY SILVER No 2 business days prior to cutoff 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET) 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET)
NYSELIFFE ZG 202006 GOLD No 2 business days prior to cutoff 2020/05/28 15:15 (ET) 2020/05/27 8:30 (ET) 2020/05/28 15:15 (ET) 2020/05/27 8:30 (ET)
NYSELIFFE ZG 202012 GOLD No 2 business days prior to cutoff 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET) 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET)
NYSELIFFE ZG 202002 GOLD No 2 business days prior to cutoff 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET) 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET)
NYSELIFFE ZG 202004 GOLD No 2 business days prior to cutoff 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET) 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET)
NYSELIFFE ZG 202008 GOLD No 2 business days prior to cutoff 2020/07/30 15:15 (ET) 2020/07/29 8:30 (ET) 2020/07/30 15:15 (ET) 2020/07/29 8:30 (ET)
NYSELIFFE ZG 202010 GOLD No 2 business days prior to cutoff 2020/09/29 15:15 (ET) 2020/09/28 8:30 (ET) 2020/09/29 15:15 (ET) 2020/09/28 8:30 (ET)
NYSELIFFE ZG 202003 GOLD No 2 business days prior to cutoff 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET) 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET)
NYSELIFFE ZI 202007 SILVER No 2 business days prior to cutoff 2020/06/29 15:15 (ET) 2020/06/26 8:30 (ET) 2020/06/29 15:15 (ET) 2020/06/26 8:30 (ET)
NYSELIFFE ZI 202012 SILVER No 2 business days prior to cutoff 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET) 2020/11/27 15:15 (ET) 2020/11/26 8:30 (ET)
NYSELIFFE ZI 202003 SILVER No 2 business days prior to cutoff 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET) 2020/02/27 15:15 (ET) 2020/02/26 8:30 (ET)
NYSELIFFE ZI 202005 SILVER No 2 business days prior to cutoff 2020/04/29 15:15 (ET) 2020/04/28 8:30 (ET) 2020/04/29 15:15 (ET) 2020/04/28 8:30 (ET)
NYSELIFFE ZI 202009 SILVER No 2 business days prior to cutoff 2020/08/28 15:15 (ET) 2020/08/27 8:30 (ET) 2020/08/28 15:15 (ET) 2020/08/27 8:30 (ET)
NYSELIFFE ZI 202101 SILVER No 2 business days prior to cutoff 2020/12/30 15:15 (ET) 2020/12/29 8:30 (ET) 2020/12/30 15:15 (ET) 2020/12/29 8:30 (ET)
NYSELIFFE ZI 202002 SILVER No 2 business days prior to cutoff 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET) 2020/01/30 15:15 (ET) 2020/01/29 8:30 (ET)
NYSELIFFE ZI 202004 SILVER No 2 business days prior to cutoff 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET) 2020/03/30 15:15 (ET) 2020/03/27 8:30 (ET)
OSE.JPN JGBL 202003 Japanese Government Bonds 10 years No 2 business days prior to cutoff 2020/03/13 15:02 2020/03/12 9:00 2020/03/13 15:02 2020/03/12 9:00
OSE.JPN JGBL 202006 Japanese Government Bonds 10 years No 2 business days prior to cutoff 2020/06/15 15:02 2020/06/12 9:00 2020/06/15 15:02 2020/06/12 9:00
OSE.JPN JGBL 202009 Japanese Government Bonds 10 years No 2 business days prior to cutoff 2020/09/14 15:02 2020/09/11 9:00 2020/09/14 15:02 2020/09/11 9:00
SGX TF 202003 SICOM Rubber No 2 business days prior to cutoff 2020/02/28 00:00 (ST) 2020/02/27 7:55 (ST) 2020/02/28 18:00 (ST) 2020/02/27 7:55 (ST)
SGX TF 202004 SICOM Rubber No 2 business days prior to cutoff 2020/03/31 00:00 (ST) 2020/03/30 7:55 (ST) 2020/03/31 18:00 (ST) 2020/03/30 7:55 (ST)
SGX TF 202005 SICOM Rubber No 2 business days prior to cutoff 2020/04/30 00:00 (ST) 2020/04/29 7:55 (ST) 2020/04/30 18:00 (ST) 2020/04/29 7:55 (ST)
SGX TF 202006 SICOM Rubber No 2 business days prior to cutoff 2020/05/29 00:00 (ST) 2020/05/28 7:55 (ST) 2020/05/29 18:00 (ST) 2020/05/28 7:55 (ST)
SGX TF 202007 SICOM Rubber No 2 business days prior to cutoff 2020/06/30 00:00 (ST) 2020/06/29 7:55 (ST) 2020/06/30 18:00 (ST) 2020/06/29 7:55 (ST)
SGX TF 202008 SICOM Rubber No 2 business days prior to cutoff 2020/07/30 00:00 (ST) 2020/07/29 7:55 (ST) 2020/07/30 18:00 (ST) 2020/07/29 7:55 (ST)
SGX TF 202009 SICOM Rubber No 2 business days prior to cutoff 2020/08/31 00:00 (ST) 2020/08/28 7:55 (ST) 2020/08/31 18:00 (ST) 2020/08/28 7:55 (ST)
SGX TF 202010 SICOM Rubber No 2 business days prior to cutoff 2020/09/30 00:00 (ST) 2020/09/29 7:55 (ST) 2020/09/30 18:00 (ST) 2020/09/29 7:55 (ST)
SGX TF 202011 SICOM Rubber No 2 business days prior to cutoff 2020/10/30 00:00 (ST) 2020/10/29 7:55 (ST) 2020/10/30 18:00 (ST) 2020/10/29 7:55 (ST)
SGX TF 202012 SICOM Rubber No 2 business days prior to cutoff 2020/11/30 00:00 (ST) 2020/11/27 7:55 (ST) 2020/11/30 18:00 (ST) 2020/11/27 7:55 (ST)
SGX TF 202101 SICOM Rubber No 2 business days prior to cutoff 2020/12/30 00:00 (ST) 2020/12/29 7:55 (ST) 2020/12/30 18:00 (ST) 2020/12/29 7:55 (ST)
SGX TF 202102 SICOM Rubber No 2 business days prior to cutoff 2021/01/29 00:00 (ST) 2021/01/28 7:55 (ST) 2021/01/29 18:00 (ST) 2021/01/28 7:55 (ST)
SGX UC 202003 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/03/16 11:00 (ST) 2020/03/13 7:40 (ST) 2020/03/16 11:00 (ST) 2020/03/13 7:40 (ST)
SGX UC 202006 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/06/15 11:00 (ST) 2020/06/12 7:40 (ST) 2020/06/15 11:00 (ST) 2020/06/12 7:40 (ST)
SGX UC 202009 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/09/14 11:00 (ST) 2020/09/11 7:40 (ST) 2020/09/14 11:00 (ST) 2020/09/11 7:40 (ST)
SGX UC 202012 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/12/14 11:00 (ST) 2020/12/11 7:40 (ST) 2020/12/14 11:00 (ST) 2020/12/11 7:40 (ST)
SGX UC 202002 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/02/17 11:00 (ST) 2020/02/14 7:40 (ST) 2020/02/17 11:00 (ST) 2020/02/14 7:40 (ST)
SGX UC 202004 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/04/09 11:00 (ST) 2020/04/08 7:40 (ST) 2020/04/09 11:00 (ST) 2020/04/08 7:40 (ST)
SGX UC 202005 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/05/18 11:00 (ST) 2020/05/15 7:40 (ST) 2020/05/18 11:00 (ST) 2020/05/15 7:40 (ST)
SGX UC 202007 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/07/13 11:00 (ST) 2020/07/10 7:40 (ST) 2020/07/13 11:00 (ST) 2020/07/10 7:40 (ST)
SGX UC 202008 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/08/17 11:00 (ST) 2020/08/14 7:40 (ST) 2020/08/17 11:00 (ST) 2020/08/14 7:40 (ST)
SGX UC 202010 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/10/19 11:00 (ST) 2020/10/16 7:40 (ST) 2020/10/19 11:00 (ST) 2020/10/16 7:40 (ST)
SGX UC 202011 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2020/11/16 11:00 (ST) 2020/11/13 7:40 (ST) 2020/11/16 11:00 (ST) 2020/11/13 7:40 (ST)
SGX UC 202101 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2021/01/18 11:00 (ST) 2021/01/15 7:40 (ST) 2021/01/18 11:00 (ST) 2021/01/15 7:40 (ST)
SGX UC 202102 US Dollar in offshore renmimbi Yes(1) 2 business days prior to cutoff 2021/02/11 11:00 (ST) 2021/02/10 7:40 (ST) 2021/02/11 11:00 (ST) 2021/02/10 7:40 (ST)
SNFE IR 202003 90 day bank accepted bill No 2 business days prior to cutoff 2020/03/12 12:00 2020/03/11 8:28 2020/03/12 12:00 2020/03/11 8:28
SNFE IR 202006 90 day bank accepted bill No 2 business days prior to cutoff 2020/06/11 12:00 2020/06/10 8:28 2020/06/11 12:00 2020/06/10 8:28
SNFE IR 202009 90 day bank accepted bill No 2 business days prior to cutoff 2020/09/10 12:00 2020/09/09 8:28 2020/09/10 12:00 2020/09/09 8:28
SNFE IR 202012 90 day bank accepted bill No 2 business days prior to cutoff 2020/12/10 12:00 2020/12/09 8:28 2020/12/10 12:00 2020/12/09 8:28
SOFFEX CONF 202003 SWISS BONDS No 2 hours prior to cutoff 2020/03/06 12:30 (CET) 2020/03/06 10:30 (CET) 2020/03/06 12:30 (CET) 2020/03/06 10:30 (CET)
SOFFEX CONF 202006 SWISS BONDS No 2 hours prior to cutoff 2020/06/08 12:30 (CET) 2020/06/08 10:30 (CET) 2020/06/08 12:30 (CET) 2020/06/08 10:30 (CET)
SOFFEX CONF 202009 SWISS BONDS No 2 hours prior to cutoff 2020/09/08 12:30 (CET) 2020/09/08 10:30 (CET) 2020/09/08 12:30 (CET) 2020/09/08 10:30 (CET)
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.