RAPESEED FUTURES

Rapeseed Futures

Rapeseed Futures
Unit of trading

Fifty tonnes

Delivery period

The specified delivery month

Delivery months

February, May, August, November such that ten delivery months are available for trading

Minimum price movement (tick size and value)

25 euro cents per tonne (€12.50)

Last trading day

18:30 on the last business day of the calendar month immediately preceding the delivery month

Last update
Thu, 13/11/2014
Trading Hours

10.45 - 18.30 Paris time

Legal Delivery/Expiry Month

Dec 2004 Onwards

Trading platform

Universal Trading Platform (UTP)

Algorithm

Central order book applies a price-time trading algorithm, with priority given to the first order at the best price

Wholesale service

Against Actuals, Exchange for Swaps

Notice day/Tender day

The first business day following the last trading day

Origins tenderable

Any origin

Price basis

Euro and euro cents per tonne FOB barge at one of the following designated ports: Belleville, Metz and Frouard (France) on the Moselle; Bulstringen, Vahldorf and Magdeburg (Germany) on the Mittellandkanal; Wurzburg (Germany) on the Main; and Ghent (Belgium) on the Escaut

Quality

Conventional
rapeseed of double zero variety, of sound, fair and
merchantable quality and of the following standard quality:
Oil content basis 40%
Moisture basis 9%
Impurities basis 2%
The quality of the deliverable merchandise is defined as follows:
moisture content maximum 10%
impurities content maximum 3%
oleic acidity maximum 2%
erucic acid content maximum 2%
glucosinolates content maximum 25 micromoles
Premiums and discounts apply and correspond to the difference
between the delivered and standard quality.

Contract Standard: Assignment of one Rapeseed Futures contract for the expiry month at the exercise price.

Exercise Price Increments: €2.50 per tonne.

Option Exercise: Rapeseed options are ‘American’ style ie may be exercised at anytime prior to expiry.

Clearing: LCH SA.

Delivery limits are set by LCH S.A. and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH S.A.

1 For the 2004 calendar year only, the May delivery month is replaced by April and June delivery months.
Unless otherwise indicated, all times are Paris times.