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Unit of trading |
Fifty tonnes |
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Quality |
White beet, cane crystal sugar or refined sugar of the crop current at the time of delivery, free running of regular grain size and fair average of the quality of deliveries made from the declared origin from such crop, with minimum polarisation 99.8 degrees, moisture maximum 0.06% and colour of a maximum 45 units ICUMSA attenuation index, all at time of delivery to vessel at the port. |
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Delivery months |
March, May, August, October, December, such that eight delivery months are available for trading. |
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Price basis |
US dollars and cents per tonne FOB and stowed in vessel's hold in a designated port in one of the following countries of origin: Algeria, Argentina, Australia, Belgium, Brazil, Bulgaria, Canada, Chile, China, Columbia, Croatia, Cuba, Egypt, France, Germany, Guatemala, India, Italy, Korea, Malaysia, Mauritius, Mexico, Morocco, Mozambique, The Netherlands, Pakistan, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sudan, Thailand, Turkey, U.A.E., Ukraine, U.K. and U.S.A.1 |
Minimum price movement
(tick size and value) |
10 cents per tonne ($5) |
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Last trading day |
Sixteen calendar days preceding the first day of the delivery month (if not a business day then the first business day immediately preceding). |
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Notice day/Tender day |
Fifteen calendar days preceding the first day of the delivery period (if not a business day then the first business day following) |
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Tender period |
The specified delivery month and the following month |
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Trading hours |
08:45 - 17:30 |
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Related documentation |
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White Sugar Futures Contract (No. 407) |
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Last update |
11/11/08 |
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NYSE 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 White Sugar meeting the contract requirements. Please refer to the attached full contract specification.
Clearing: LCH.Clearnet Ltd.
1New ports/countries are applicable from the August 2009 delivery month.
Unless otherwise indicated, all times are London times. |
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