MATIF Rapsöl

 

Rapeseed Oil Futures

Unit of trading

Twenty tonnes

Delivery period

Loading can commence on any business day from the tender day up to five business days before the end of the specified delivery month

Delivery months

September, December, March and June such that ten delivery months are available for trading

Minimum price movement (tick size and value)

25 Euro cents per tonne (€5)

Last trading day

The last day of the month preceding the delivery month. If it is a non-working day, the first trading day prior to this day.

Last update

Fri, 14/11/2014

Trading Hours

10:45 – 18:30

Trading platform

Universal Trading Platform

Full contract specification and related documents

Rapeseed Oil Futures Technical SpecificationsSummary of Rapeseed options and futures contractsCommodity Derivatives Summary of Futures and Options Contracts

Algorithm

Central order book applies a price-time trading algorithm, with priority given to the first order at the best price

Wholesale service

Against Actuals, Exchange for Swaps

Clearing

LCH SA

Notice day/Tender day

The first business day following the last trading day

Origins tenderable

Any origin

Price basis

Euros and euro cents per tonne FOB barge or sea vessel at one of the following designated ports: Amsterdam, Rotterdam in The Netherlands, Antwerp and Ghent in Belgium.

Quality

Crude degummed rapeseed oil of good merchantable quality, guaranteed unbleached, produced from non-GM double zero rapeseed varieties as per EU regulations of sound, loyal and merchantable quality, all duties and taxies paid, and meeting the following specifications:
- f.f.a (as oleic acid, calculated on a molecular weight of 282) maximum 1.75%
- Moisture, volatile matter and impurities maximum 0.4%
Erucic acid maximum 2%
- Flashpoint minimum 250°F (121°C)
- Lecithin (expressed in phosphorus): maximum 300 ppm

Delivery limits are set by LCH SA and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH SA notices on the
website www.lch.com/risk_management/sa/risk_notices