This contract is not available for trading. It is a
cleared-only, block only product.
Eligible over-the-counter participants can submit both sides of an over-the-counter trade to the exchange to be substituted into a Sugar Swap Contract.
Effective October 25, 2011 no new Cleared Sugar No. 11 Swap contract months will be listed; with the expiration of the July 2014 contract, this product will be delisted.
|Contract Size||$112,000 X Final Settlement Value.|
|Price Quotation||Cents and hundredths of a cent per pound to two decimal places|
|Contract Listings||March, May, July and October; contracts are available up to 3 years forward.|
|Minimum Price Movement||1/100 of a cent per pound ($11.20/contract)|
|Settlement||Cash settlement at expiry based upon the the daily settlement price of the corresponding Sugar 11 traded future contract on the Last Trading Day of the swap contract.|
|Daily Price Limit||None|
|Last Trading Day||The Last Trading Day of the regular option on the corresponding Sugar No. 11 traded future.|
|Position Limits||Position Limit and Position Accountability information for all IFUS products can be found at https://www.theice.com/publicdocs/futures_us_reports/all/Futures_US_Position_Limits.pdf.|
|Seller Pay Index (Commodity Reference Price)||SUGAR # 11 (WORLD)-ICE|
|Section 20.2 Covered Futures Contract||SB (IFUS)|
|Paired Swap Basis||Directly linked|
|Position Type Indicator||(O) Other Swap|
|CFTC Reportable Level||50|
|Large Trader Reporting||This swap is defined as a paired swap by the CFTC. Positions greater than 50 futures-equivalent lots, in any futures equivalent month, require that all positions for this paired swap are subject to daily Large Trader Reporting.|
Clearing Admin NameSugar 11 Swap