Euro Cocoa Futures

Euro Cocoa Futures42944083

Description

A physically settled futures contract on cocoa.

Market Specifications

Trading Screen Product Name
Euro Cocoa Future
Trading Screen Hub Name
ICEU
Commodity Code
EC
Contract Size
Ten Tonnes
Currency
Euros
Price Quotation
Euros per metric tonne
Tick Size
1 EUR per tonne (10 EUR)
Daily Settlement Price Quotation
1 EUR per tonne (10 EUR)
Final Settlement Price Quotation
1 EUR per tonne (10 EUR)
Contract Series
March, May, July, September, December, such that ten delivery months are available for trading
Settlement
Physical Delivery: Standard Delivery Unit (SDU) – bagged cocoa with a nominal net weight of ten tonnes. Large Delivery Unit (LDU) – bagged cocoa with a nominal net weight of 100 tonnes. Bulk Delivery Unit (BDU) – loose cocoa with a nominal net weight of 1000 tonnes
Daily Price Limit
None
Deliverable Growths
Côte d’Ivoire, Democratic Republic of Congo (formerly known as Zaire), Equatorial Guinea, Ghana, Grenada Fine Estates, Jamaica, Nigeria, Republic of Cameroon, Republic of Sierra Leone, Togo, Trinidad and Tobago Plantation, Western Samoa at contract price. All other origins tenderable at set discounts
First Notice Day
The business day immediately following the last trading day
Last Trading Day
Eleven business days immediately prior to the last business day of the delivery month at 12:00
MIC Code
IFLX
Clearing Venues
ICEU