SKIMMED MILK POWDER FUTURES

Euronext Skimmed Milk Powder Futures

Skimmed Milk Powder Futures
Quotité de négociation

6 tonnes, net weight

Delivery period

Any business day from the first business day of the delivery month through to the last business day of the delivery month.

Delivery months

Consecutive calendar months such that 18 calendar months are quoted at any time.

Echelon minimum de cotation (tick et valeur)

1 Euro per tonne (6€)

Date échéance

The last business day prior to the tender day

Trading Hours

09:00 to 18:00 (UTC+1)

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 S.A.

Notice day/Tender day

The sixth business day preceding the first business day of the delivery period.

Origins tenderable

European Union

Price basis

Euros per metric tonne. Delivered free to Buyer's transport in accordance with Incoterm FCA from a EC regulations compliant store or production facility (duty paid) within a 150 km radius of Antwerp, Hamburg or Rotterdam, restricted to continental delivery.

Quality

Skimmed made by the spray process directly and exclusively from skimmed milk, compliant with EU legislation

Physical and Chemical Analysis:
Fat 1.25% maximum
Protein 34.0% in non-fat dry matter minimum
Ash 8.2% maximum
Moisture 4.0%, maximum
Scorched Particles Disc B maximum
Titratable Acidity 0.15%, maximum
Solubility Index 1.0 ml maximum
WPN index 1.51 – 5.99 mg/g - medium heat

Microbiological Analysis:
Standard Plate Count 10.000/g, maximum
Coliforms 10/g maximum
E-Coli Negative in 1g
Salmonella Negative in 25g
Yeast & Mould 100/g, maximum
Inhibitors Negative

Euronext Market
Amsterdam
Storage
Stored in a cool, dry environment, protected from moisture and foreign odours. Storage at a maximum of 25 degrees Celsius with a relative humidity below 65 percent.
Packaging
25kg net weight in a minimum of 2 ply kraft paper bag with a polyethylene liner with a minimum tare of 240g, each package marked to enable trace back.
Age profile
Goods must be tendered no later than 6 months after the date of production.

Delivery Limits: 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. notices on the website www.lch.com/risk_management/sa/risk_notices