Milchpreis

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Milchpreis2018-06-22T16:57:20+02:00

Kontraktspezifikationen Milchpreis Future NZX

Flüssigmilch (MKP)Kontraktspezifikationen
Unit of Trading6,000 kilograms of milk solids (kg MS)
Price BasisNZD / kg MS
Minimum Price Movement
(Tick Size and Value)
0.01 NZD per kg MS (NZD 60)
Daily Price LimitsContract 1 in the current Expiry Calendar: 10% above or below the previous Trading Day's Daily Settlement Price.
Contracts 2-3 in the current Expiry Calendar: 15% above or below the previous Trading Day's Daily Settlement Price.
Contracts 4-5 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 in that contract on the Market. Price Limits do not apply for 5 Trading Days preceding and including the Last Trading Day.
Contract MonthsEvery September such that up to 5 calendar years 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 at the Close of Trading on the second Thursday of September each calendar year, or such other time as specified by NZX in accordance with the Contract Terms and Administrative Procedures for Derivatives Market Contract No 8 (“Contract T&Ps”).
The Last Trading Day is the day specified in the Expiry Calendar for NZX Derivatives Market Contract No 8, or such other day specified by NZX in accordance with the Contract T&Ps.
Final SettlementCash settled to the Final Settlement Price determined by NZX by reference to the relevant Farmgate Milk Price, in accordance with the Contract T&Ps.
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 CodeMKPF
Cross Transactions Minimum Time
Period
15 seconds
Position LimitsAs specified and notified by NZX from time to time.
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