Spot month
Spot month means:
(1) For physical-delivery core referenced futures contracts, the period of time beginning at the earlier of:
(i) The close of business on the trading day preceding the first day on which delivery notices can be issued by the clearing organization of a contract market or
(ii) The close of business on the trading day preceding the third-to-last trading day and ending when the contract expires, except as follows:
(A) For the ICE Futures U.S. Sugar No. 11 (SB) core referenced futures contract, the spot month means the period of time beginning at the opening of trading on the second business day following the expiration of the regular option contract traded on the expiring futures contract and ending when the contract expires;
(B) For the ICE Futures U.S. Sugar No. 16 (SF) core referenced futures contract, the spot month means the period of time beginning on the third-to-last trading day of the contract month and ending when the contract expires; and
(C) For the Chicago Mercantile Exchange Live Cattle (LC) core referenced futures contract, the spot month means the period of time beginning at the close of trading on the first business day following the first Friday of the contract month and ending when the contract expires; and
(2) For referenced contracts other than core referenced futures contracts, the spot month means the same period as that of the relevant core referenced futures contract.