| UAN 30 FERTILISER FUTURES | |
| Contract code | UAN |
| Unit of trading | Thirty Tonnes |
| Pricing unit/quotation (= 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. |
| Origins tenderable | Any origin |
| 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 |
| Minimum price movement (tick size and value) | 25 euro cents per tonne (€7.50) |
| Delivery months | March, June, September, November such that 10 consecutive delivery months are available for trading. |
| Introduction of new expiry months | |
| Wholesale services | Against Actuals, Exchange for Swaps |
| Euronext market | Paris |
| 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). |
| Settlement (Delivery) | 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. |
| 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. |
| Exchange Delivery Settlement Price (EDSP) (methodo price) | EDSP as a physically delivered contract (please refer to the technical specifications) |
| Clearing organization | LCH SA |
| Delivery limits | 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. |
| Trading hours | 10:45 - 18:30 CET |
| Trading platform | Optiq |
| Algorithm | Central order book applies a price-time trading algorithm, with priority given to the first order at the best price. |
| Last update | 28 May 2019 |
| Full contract specifications | |
| Full contract specifications |