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RAPESEED FUTURES
 


Codes and classification
Mnemo ECO Market NYSE Liffe Paris Vol. 1,688 19/11/09
    Currency € O.I. 58,019
 Rapeseed Futures
Unit of trading Fifty tonnes
Origins tenderable Any origin
Quality Double zero variety, of sound, fair and merchantable quality of the following standards: Oil content basis 40% Moisture basis 9% Impurities basis 2% Premiums and discounts apply and correspond to the difference between the delivered and standard quality: 1.5% for each 1% of oil 1% for each % of moisture 1% for each 1% of impurities The quality of the deliverable merchandise is defined as follows: - moisture: maximum 9% - impurities content: maximum 3% - oleic acidity: maximum 2% - erucic acid content: maximum 2% - glucosinolates content: maximum 25 micromoles
Delivery months February, May,August, November such that six delivery months are available for trading
Quotation Euros and Euro cents per tonne
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
Notice day/Tender day The first business day following the last trading day
Tender period The specified delivery month
Delivery day FOB barge at one of the following designated ports: Belleville, Metz and Frouard on the Moselle; Bülstringen,Vahldorf and Magdeburg on the Mittellandkanal;Würzburg on the Main; and Ghent on the Escaut
Trading hours 10.45 - 18.30
Related documentation
Rapeseed Futures Contract
Last update 11/04/05

Trading Platform:

• LIFFE CONNECT® Trading Host for Futures and Options.
• Algorithm: Central order book applies a priority price-time trading algorithm.
• Wholesale trading facilities: None apply.

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.Clearnet SA.

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.