Euronext.com/ Contract specifications
News & notices
Prices
Product information
Contract specifications
 
 
COCOA FUTURES
 


Codes and classification
Mnemo C Market NYSE Liffe London Vol. 2,612 19/11/09
    Currency £ O.I. 174,384
 Cocoa Futures
Unit of trading Ten tonnes
Origins tenderable Cameroon, Côte d’Ivoire, Democratic Republic of Congo (formerly known as Zaire), Equatorial Guinea, Ghana, Grenada Fine Estates, Jamaica, Nigeria, Republic of Sierra Leone, Togo, Trinidad and Tobago Plantation, Western Samoa at contract price. All other growths tenderable at set discounts.
Quality Please refer to the full contract specification attached below.
Delivery months March, May, July, September, December, such that ten delivery months are available for trading.
Delivery units Standard Delivery Unit – bagged cocoa with a nominal net weight of ten tonnes. Large Delivery Unit – bagged cocoa with a nominal net weight of 100 tonnes. Bulk Delivery Unit – loose cocoa with a nominal net weight of 1,000 tonnes 1,2
Price basis Pounds sterling per tonne in an Exchange Nominated Warehouse in a Delivery Area which is, in the Board's opinion, in or sufficiently close to Amsterdam, Antwerp, Bremen, Felixstowe, Hamburg, Humberside, Le Havre, Liverpool, London, Rotterdam, or Teesside 2,3
Minimum price movement
(tick size and value)		 £1 per tonne (£10)
Last trading day Eleven business days immediately prior to the last business day of the delivery month at 12:00
Notice day/Tender day The business day immediately following the last trading day
Trading hours 09:30 - 16:50
Related documentation
Cocoa Futures Contract (No. 401)
Grading and Warehousekeeping Procedures in respect of Cocoa and Robusta Coffee Futures (30/01/09)
Last update 07/07/08

1 - Where necessary upon tender, a seller may be instructed by the Clearing House to convert a Bulk Delivery Unit into Large and/or Standard Delivery Units, or a Large Delivery Unit into Standard Delivery Units.
2 - Bulk Delivery Units are tenderable at a discount of £20 per tonne to the contract price.
3 - Contact the Exchange to determine which Delivery Areas have Dual Capacity Warehousekeepers (i.e. those nominated for the storage of Bulk Delivery Units as well as Standard and Large Delivery Units).

Liffe market: London

Trading Platform:

  • LIFFE CONNECT® Trading Host for Futures and Options
  • Algorithm: Central order book applies a pro-rata algorithm, but with priority given to the first order at the best price subject to a minimum order volume and limited to a maximum volume cap.
  • Wholesale Services: Against Actuals.

Contract Standard: Delivery may be made of Cocoa meeting the contract requirements. Please refer to the attached full contract specification.

Clearing: LCH.Clearnet Ltd.

Unless otherwise indicated, all times are London times.