Whole Milk Powder

//Whole Milk Powder
Whole Milk Powder2018-06-22T16:53:01+02:00

Kontraktspezifikationen Vollmilchpulver Future NZX

Vollmilchpulver (WMP)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 Months Every 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 WMP 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 1 ("Contract T&Ps")).
Final SettlementCash settled to the Final Settlement Price calculated by NZX
according to an average of winning prices for Whole Milk Powder,
Regular - 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 CodeWMPF
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