NITROGEN FERTILISER SOLUTION UAN 30 FUTURES

Nitrogen Fertiliser Solution UAN 30 Futures Contract

Nitrogen Fertiliser Solution UAN 30 Futures Contract
Unit of trading

30 mt (Thirty metric tonnes)

Delivery period

Delivery takes place from the 6th trading day following the Expiry until the end of the Delivery Period.“Delivery Period” is the period commencing on and including the 1st Trading Day following the Expiry and up to the last working day of a specified delivery month. The detailed delivery schedule is mentioned on LCH SA’s clearing rules, notably into LCH SA’s Notice relating to the delivery procedure applied to nitrogen fertiliser solution UAN 30.

Delivery months

March, June, September, November such that 10 consecutive delivery months are available for trading

Minimum price movement (tick size and value)

25 euro cents per tonne (€7.50)

Last trading day

The 10th calendar day of the month preceding the delivery month (or trading day prior this date if 10th is public holiday)

Laatste update
maa, 14/11/2016
Trading Hours

10:45 a.m. CET - 6:30 p.m. CET

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

Clearingmarkt

LCH SA

First notice day

First trading day following the last trading day (by 10:30 a.m. CET)

Origins tenderable

Any origin

Price basis

Euro and euro cents per metric ton as per FCA-Incoterm 2010 basis at an accredited tank in Rouen (France). Each lot shall be made available FCA truck/rail at the place of the approved terminal and presented “ready for loading" to the buyer ready to receive goods.

Quality

Nitrogen Fertiliser solution derived from urea and ammonium nitrate as per EU REGULATION (EC) No 2003/2003 OF THE EUROPEAN PARLIAMENT relating to fertilisers and EU REGULATION (EC) No 1907/2006 (REACH), Annex II, with sound, fair and merchantable quality, all duties and taxes paid, and having the following specifications:
Composition
Chemical analysis*: Total Nitrogen content: 30
Ureic nitrogen 15%
Ammoniacal nitrogen 7,5%
Nitricnitrogen 7,5%
Physical analysis
Appearance: No sediment, free of solid particles
Relative density equivalent at 20°C +/-0,5°C= 1,305-1,325
Containing corrosion inhibitor

Storage: in tank, commingled

Packaging: Bulk

Delivery Limits: 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 http://www.lch.com/risk-collateral-management/risk-notices 

* Tolerance margins in accordance with EC regulation 2003/2003, (Annex II, 1.1, 4.). 
Total nitrogen grade as per contract 30% (can also stem from UAN-32 solution with increased water content).