| In fulfillment of each contract, the seller must deliver 100 troy ounces (±7%) of palladium not less than .9995 fineness, with no single piece weighing less than 10 ounces . Each contract unit may consist of ingots or plates, each incised with the lot or bar number, weight, grade, name, or logo of the assayer, and symbol identifying the metal.
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$0.05 (5¢) per troy ounce ($5.00 per contract).
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U.S. dollars and cents per troy ounce.
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| Trading is conducted over 15 months, beginning with the current month and the next two consecutive months before moving into the quarterly cycle of March, June, September, and December.
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| Trading terminates at the close of business on the third business day prior to the end of the delivery month.
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Open outcry trading is conducted from 8:30 AM until 1:00 PM.
After-hours electronic trading begins at 2:00 PM on Mondays through Thursdays and concludes at 8:00 AM the following day. On Sundays, the session begins at 7:00 PM and concludes at 8:00 AM the following day.
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