Contract code RSM
Unit of trading Thirty tonnes
Pricing unit/quotation (= price basis) Euro and euro cents per tonne
Origins tenderable Any origin
Quality Rapeseed extraction meal from non GM, double zero rapeseed varieties as per EU regulations with sound, fair and merchantable quality, and having the following specifications:
- protein and fat combined content 34.5%
- water content basis 12.5% and maximum 13%
Minimum price movement (tick size and value) 25 euro cents per tonne (€7.50)
Delivery months September, December, March, June such that ten delivery months are available for trading.
Introduction of new expiry months First trading day following the last trading day.
Wholesale services Against Actuals, Exchange for Swaps
Euronext market Paris
Last trading day The last day of the month preceding the delivery month. If it is a non-working day, the first trading day prior to this day.
Settlement (Delivery) FOB barge at one of the following designated ports: Antwerp and Ghent in Belgium, Neuss, Spyck, Mainz and Mannheim in Germany, Rotterdam in The Netherlands.
Delivery period Loading can commence on any business day from the tender day up to five business days before 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)
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