RAPESEED OIL FUTURES

Rapeseed Oil Futures

Rapeseed Oil Futures
Quotité de négociation

Twenty tonnes

Delivery period

Loading can commence on any business day from the tender day up to five business days before the end of the specified delivery month

Delivery months

September, December, March and June such that ten delivery months are available for trading

Echelon minimum de cotation (tick et valeur)

25 Euro cents per tonne (€5)

Date échéance

The last day of the month preceding the delivery month. If it is a non-working day, the first trading day prior to this day.

Dernière mise à jour
Ven, 14/11/2014
Trading Hours

10:45 – 18:30

Système (Plate-forme) de négociation

Universal Trading Platform

Full contract specification and related documents
Algorithme

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

Négociation hors carnet

Against Actuals, Exchange for Swaps

Chambre de compensation

LCH SA

Notice day/Tender day

The first business day following the last trading day

Origins tenderable

Any origin

Price basis

Euros and euro cents per tonne FOB barge or sea vessel at one of the following designated ports: Amsterdam, Rotterdam in The Netherlands, Antwerp and Ghent in Belgium.

Quality

Crude degummed rapeseed oil of good merchantable quality, guaranteed unbleached, produced from non-GM double zero rapeseed varieties as per EU regulations of sound, loyal and merchantable quality, all duties and taxies paid, and meeting the following specifications:
- f.f.a (as oleic acid, calculated on a molecular weight of 282) maximum 1.75%
- Moisture, volatile matter and impurities maximum 0.4%
Erucic acid maximum 2%
- Flashpoint minimum 250°F (121°C)
- Lecithin (expressed in phosphorus): maximum 300 ppm

Delivery limits are set by LCH SA 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 SA notices on the
website www.lch.com/risk_management/sa/risk_notices