|MILLING WHEAT NO.2 FUTURES
|Unit of trading
|Pricing unit/quotation (= price basis)
|Euro and euro cents per tonne
Sound, fair and merchantable quality of;
- the following minimum specifications:
- the following basis specifications:
Discounts apply to reflect any difference between the delivered and standard quality, in accordance with Incograin No.23 and the Technical Addendum No.2. Please also refer to the rules and regulation below for more details.
|Minimum price movement (tick size and value)
|25 euro cents per tonne (€12.50)
September, December, March, May such that 12 delivery months are available for trading.
|Introduction of new expiry months
|First trading day following the last trading day.
|Against Actuals, Exchange for Swaps
|Last trading day
|18:30 on the tenth calendar day of the delivery month (if not a business day, then the following business day)
|In an approved silo in Dunkirk, La Pallice, Montoir, Nantes or Rouen (France)
|Any business day from the last trading day to the end of the specified delivery month.
|Exchange Delivery Settlement Price (EDSP) (methodo price)
|EDSP as a physically delivered contract (please refer to the technical specifications)
|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.
|10:45 – 18:30 CET
|Central Order Book applies a price-time trading algorithm, with priority given to the first order at the best price.
|28 May 2019