ROBUSTA COFFEE FUTURES

Robusta Coffee Futures

Robusta Coffee Futures (No. 409)
Unit of trading

Ten tonnes

Delivery months

January, March, May, July, September, November, such that ten delivery months are available for trading

Minimum price movement (tick size and value)

$1 per tonne ($10)

Last trading day

Last business day of the delivery month at 12:30

Last update
Fri, 04/13/2012
Trading Hours

09:00 – 17:30 London time

Trading platform

Universal Trading Platform (UTP)

Algorithm

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

Clearing

ICE Clear Europe Limited

Origins tenderable

Robusta Coffee from any Origin that is freely available for export to any destination

Price basis

US dollars per tonne in an Exchange Nominated Warehouse in Europe or the U.S.A.

Quality

Class 1 Robusta Coffee deliverable at Contract price. Other qualities deliverable at set premiums and discounts. Please refer to the full contract specification on the NYSE Liffe web site at: http://globalderivatives.nyx.com/en/commodities/nyse-liffe

Tender period

Any business day during the delivery month

NYSE Liffe Market:
London.
 

Wholesale Trading Facilities: Against Actuals/Exchange for Swaps.

Contract Standard: Delivery may be made of Robusta Coffee meeting the contract requirements. Please refer to the full contract specification on the NYSE Liffe web site at  Commodities Nyse-Liffe.

Statement in relation to the Tender Process:  Potential users of the Robusta Coffee Futures Contract should familiarise themselves with the Contract Terms and Administrative Procedures and the Grading and Warehousekeeping Procedures in respect of Cocoa and Robusta Coffee Futures Contracts.  Potential users should also be aware of the fact that for the May 2010 delivery month onwards only Warrants that have been immobilised will be tenderable.

All times are
London times