| SALMON FUTURES CONTRACT | |
| Contract code | ESF |
| Unit of trading | One tonne |
| Pricing unit/quotation (= price basis) | Euro and euro cents per tonne |
| Origins tenderable | European Union |
| Quality |
The Salmon futures contract’s underlying security asset is the Sitagri SISALMONI index. |
| Minimum price movement (tick size and value) | 10 Euro per tonne |
| Delivery months | The next 32 consecutive calendar months. Automatically 32 maturities available for trading.. |
| Introduction of new expiry months | A new expiry month will be introduced on the first trading day following the expiration of a month so that 32 expiry months are always available for trading. |
| Wholesale services | Against Actuals, Exchange for Swaps, Large-in-Scale |
| Euronext market | Paris |
| Last trading day | Last trading day is on the Tuesday preceding the first Wednesday of the expiry month. If the market is closed on that day, the last trading day will be on the following business day. Contracts expire on the on the Friday following the last trading date. If the market is closed on that day, contracts will expire on following business day. |
| Settlement (Delivery) | The liquidation of the salmon futures contract is done through cash settlement (financially settled) with a liquidation price established by Euronext Paris SA. |
| Delivery period | The delivery period consists of the 4 or 5 weeks between the Monday preceding the first Wednesday of the previous month to the Friday preceding the first Wednesday of the expiry month. For example, the delivery period of the September 2024 expiry lasts between Monday 5 August 2024 and Friday 30 August 2024; the delivery period of the October expiry lasts between Monday 2 September 2024 to 27 September 2024. |
| Exchange Delivery Settlement Price (EDSP) (methodo price) | The Exchange Delivery Settlement Price at expiry is established by Euronext Paris SA on the Friday following the Last Trading date. For example, the EDSP of the September 2024 expiry is established on Friday 6 September 2024, and the EDSP of the October 2024 expiry is established on Friday 4 October 2024. For each expiry, the Exchange Delivery Settlement Price is equal to the average of the four of five weekly salmon spot index levels computed for each week of the delivery period, and published by the PRA every Tuesday in the following week. The settlement price is rounded to the nearest €10.00. |
| Clearing organization | Euronext Clearing |
| Delivery limits | Contract is cash settled and the delivery limits will be as for the standard contract position limits applicable pursuant to MiFID II framework. |
| Trading hours | 08:30 - 16:30 CET (UTC+1) |
| 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 | 29 JUL 2024 |