| RAPESEED MEAL FUTURES CONTRACT | |
| 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 |
| Related documentation | |
| Related documentation | |
| Related documentation |