Palladium Daily Futures

ICE Futures Europe

A physically settled daily futures contract for palladium delivered loco London in unallocated vault accounts.

Trading Screen Product Name: Palladium Daily Futures
Trading Screen Hub Name: ICEU
Contract Symbol: XPD
Contract Size: 100 troy ounces
Price Quotation: US Dollars and Dollar cent per fine troy ounce
Eligible Contract Dates: London Business Days on which commercial banks are generally open for business.
Minimum Price Fluctuation: Ten cents ($0.1) per fine troy ounce ($10.00 per contract), except that Block and EFRP trades may be executed at $0.0001 per fine troy ounce ($0.01 per contract).
Settlement: Physical Delivery
Delivery Locations: Vaults in London recognised by the LPPM which provide vaulting services for palladium.
Grade/Standards/Quality: Palladium meeting the specification standards published jointly by the LBMA and the LPPM for palladium bars (LPPM Good Delivery, minimum 99.95% fineness) that are acceptable in settlement of unallocated loco London palladium transactions, as revised from time to time.
Listing Cycle: Up to 70 Eligible Contract Dates, or as determined by the Exchange
Last Trading Day: The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD.
First Notice Day: The London Business Day prior to the Contract Date.
Off Exchange Trade Types: EFP, EFS and Block Trades permitted
Block Trade Minimum: 1 Lot
Daily Settlement: As determined by the Exchange
MIC Code: IFEU
Clearing Venues: ICEU

*Next Day

Sunday only, 6pm open and 5:30 pm pre-open

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