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Kontraktspezifikationen Magermilchpulver Future NZX

Magermilchpulver (MMP)Kontraktspezifikationen
Unit of Trading1 tonne (MT)
Price BasisUSD/tonne
Minimum Price Movement
(Tick Size and Value)
USD5 per tonne (USD5)
Daily Price LimitsContract Months 1-5 in the current Expiry Calendar: 10% above or below the previous Trading Day's Daily Settlement Price.
Contract Months 6-11 in the current Expiry Calendar: 15% above or below the previous Trading Day's Daily Settlement Price.
Contract Months 12-18 in the current Expiry Calendar: 20% above or below the previous Trading Day's Daily Settlement Price.
Price Limits only apply to a Contract once a Trade has been executed on the Market in that Contract. Price Limits do not apply for 5 Trading Days preceding and including the Last Trading Day.
Contract MonthsEvery calendar month such that 18 months are available for trading
Trading HoursAs determined from time to time by NZX by notice to the Market in accordance with the NZX Derivatives Market Rules and Procedures.
Last Trading DayTrading shall terminate on the last business day preceding the last GDT Auction of the month i.e. Trading in the March SMP Futures
Contract will expire on the last Business Day immediately preceding the last GDT Auction in March (See Expiry Calendar
contained in the Contract Terms and Administrative Procedures - NZX Derivatives Market Contract No 3 ("Contract T&Ps")).
Final SettlementCash settled to the Final Settlement Price calculated by NZX according to an average of winning prices for Skim Milk Powder,
Medium Heat - NZ, Contract 2 in GDT Auctions as stipulated in the Contract T&Ps (see Contract Term 8).
Clearing HouseNew Zealand Clearing Limited
Common Trading FacilitiesBlock Trading Facility
Exchange for Physicals Facility
Exchange for Swaps Facility
Common Trading Facilities Minimum
Volume Thresholds
Minimum Volume Thresholds for each Contract or Class of Contracts are specified in Part C, Appendix One of the Procedures
Exchange CodeSMPF
Cross Transactions Minimum Time
Period
15 seconds
Position Limits20,000 Open Positions in any Contract Month
Exchange RuleThe Contracts are Traded on the NZX Derivatives Market and subject to the NZX Derivatives Market Rules and Procedures
Quelle: https://www.nzx.com/markets/nzx-dairy-derivatives/contract-specifications