FACT SHEET

MANAGING COKING COAL PRICE RISK

Product Australia Coking Coal Futures/Swaps China Coking Coal Futures/Swaps

Description Cash settled steel swaps and futures - settled against The Steel Index Premium hard coking

coal – FOB East Coast Port, Australia

Cash settled steel swaps and futures – settled against The Steel Index Premium hard JM25

coking coal – CFR Jingtang Port, China

Lot Size Swaps: 500 metric tonnes | Futures: 100 metric tonnes

Currency US dollars

Pricing US $ per metric tonne

Minimum price fluctuation

US$0.01 per metric tonne | Swaps: US$5 per tick | Futures: US$1 per tick

Daily Settlement Prices

The traded price or the previous day’s settlement price as supplied end of day by FIS, SSY or any other such sources as SGX may determine

Floating Price The floating price for each contract month is equal to the arithmetic average of the

Premium hard coking coal (Australian Exports, FOB East Coast Australian port) reference

price published by TSI for each business day that it is determined during the contract

month

The floating price for each contract month is equal to the arithmetic average of the Premium hard JM25 coking coal (Chinese

Imports, CFR Jingtang port) reference price published by TSI for each business day that it

is determined during the contract month

Contract series 24 consecutive months starting with the current month. Upon expiry of Dec contract another 12 months will be listed

NLT Threshold Futures: 5 lots

Expiry / Last Trading Day

Last publication day of Premium hard coking coal (Australian Exports, FOB East Coast

Australian port) index price in the contract month

Last publication day of Premium hard JM25 coking coal (Chinese Imports, CFR Jingtang

port) index price in the contract month

Delivery Cash settlement using the arithmetic average of all The Steel Index (TSI) Premium hard coking coal (Australian Exports, FOB East

Coast Australian port) reference price in the expiring month, rounded to two decimal

places.

Cash settlement using the arithmetic average of all The Steel Index (TSI) Premium hard JM25 coking coal (Chinese Imports, CFR

Jingtang port) reference price in the expiring month, rounded to two decimal places.

Business Days Singapore business days

PREMIUM HARD COKING COAL SWAPS & FUTURES CONTRACTS:

- Settlement Indices: TSI Premium Hard Coking Coal – FOB East Coast Port, Australia. TSI Premium Hard JM25 Coking Coal – CFR Jingtang Port, China. - Clearing Venue: Singapore Exchange (SGX)- Cash-Settled: Cash settled. Forward curve out to 2 years.

- Voice-Brokered:

SGX Premium Hard Coking Coal Contract Details:

FACT SHEET

PRODUCT SPECIFICATIONS

TSI Premium Hard Coking Coal, FOB East Coast Port, AustraliaTSI Premium Hard JM25 Coking Coal, CFR Jingtang Port, China

Particle Size: below 55mm for at least 90% of the cargoMinimum Lot Size: 15,000 metric tonnesTransport: Bulk shipmentTiming: Loading within 60 days of transactionPayment: At sightCurrency and Volume Unit: US$ per metric tonne

For full specifications visit www.thesteelindex.com/en/cokingcoalindex/

FURTHER INFORMATION

Singapore: Serena Seng, s.seng@thesteelindex.com (+65 6216-1059) Tim Hard, hard@thesteelindex.com (+65 6216-1057)

London: Phil Whittaker, phillip.whittaker@thesteelindex.com (+44 20 7176 7667)

Frequency: DailyTSI Publication Time (Singapore holiday calendar): 18:30 SGT/CST time (10:30 GMT)

Data History: PHCC FOB Australia - Weekly since January 14th, 2013. Daily since May 2nd 2013 PHCC CFR China - Weekly since January 14th, 2013. Daily since April 1st, 2014

Bloomberg Ticker: PHCC FOB Australia – TSIPPCAE PHCC CFR China – TSIPPCCI

Thomson Reuters Ticker: PHCC FOB Australia – 0#S-PHCC-AUS=SI PHCC CFR China - 0#S-PHCC-CNI=SI

Find out more about TSI’s methodology: www.thesteelindex.com/procedures-methodology/ Start receiving TSI’s coking coal prices: www.thesteelindex.com/free-trial/

The Steel Index (TSI) is a Platts business, part of McGraw Hill Financial. Further information on TSI, including a free trial of the service, is available at www.thesteelindex.com. TSI is run as a completely separate operation to Platts’ editorial and other pricing activities.