Futures Contract on Cocoa
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| Calls for delivery of any kind of
cocoa bean - "the growth of any country or clime, including new or
yet unknown growths" - as long as it meets F.D.A. standards for
importation. |
Contract specifications are
current as of November 12, 2001 and may be
subject to change verify information with your broker.
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Trading Unit
10 metric tons (22,046 pounds)
Trading Hours
8:00 a.m. - 11:50 a.m.. (NY time)
Price Quotation
Dollars per metric ton
Delivery Months
March, May, July, September, December
Ticker Symbol
CC
Minimum Fluctuation
$1.00/metric ton, equivalent to $10.00 per contract and
approximately 5/100 cent/lb.
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First Day Trading:
Ten business days prior to first business day of delivery month.
Last Trading Day:
One business day prior to last notice day.
Last Notice Day:
Ten business days prior to last business day of delivery
month
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Daily Price Limits:
None
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Position Limits:
Spot Month: 750 contracts as of the first notice day in the expiring
month. Additionally, Position Accountability Rules apply to all futures
and options contract months. Contact the Exchange for more
information.
Standards
Established by Exchange licensed graders in accordance with
specified tolerances for defects, bean count, bean size and other
standards.
Deliverable Growths:
The growth of any country or clime, including new or yet unknown
growths. Growths are divided into three classifications: Group A,
deliverable at a premium of $160/ton (including the main crops of Ghana,
Nigeria, Ivory Coast, among others); Group B, deliverable at a premium
of $80.00/ton (includes Bahia, Arriba, Venezuela, among others); Group
C, deliverable at par (includes Sanchez, Haiti, Malaysia and all
others).
Delivery Points:
At licensed warehouses in the Port of New York District, Delaware River
Port District, or Port of Hampton Roads.
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Option Contract on Cocoa Futures
|
Contract specifications are current as of November
12, 2001 and may be subject to change verify information with your
broker.
Confers to buyer the right to buy (in the case of a
call) or sell (in the case of a put) one cocoa futures contract.
Trading Unit
One cocoa futures contract
Trading Hours
See cocoa futures
Price Quotation
Dollars per metric ton
Contract Months
"Regular Options": March, May, July, September, December
"Serial Options": January, February, April, June, August,
October, November
Ticker Symbol
CC
Minimum Fluctuation
$1.00/metric ton, equivalent to $10.00
per contract.
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First Trading Day
"Regular Options": Business day following the day on
which the underlying future is listed for trading.
"Serial Options":
First business day of the third calendar month preceding the serial
option month.
Last Trading Day
First Friday of the month preceding the contract month.
ExpirationDate/Time
9:00 PM New York Time on last trading day. Notification of intention
to exercise must be made by an options holder to a carrying member
firm by 4:00 PM on such day. carrying member firm by 3:00 PM that day.
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Daily Price Limits:
None
Position Limits:
See Futures Specifications.
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Option Trading Cycles:
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Option Name |
Underlying Futures |
Expires 1st Friday of
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| Serial options are
short-life options providing additional option expirations on existing
futures contracts. All options are designated by the month following the
expiration of the option contract. |
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
|
March
March
March
May
May
July
July
September
September
December
December
December
|
Decermber
January
February
March
April
May
June
July
August
September
October
November
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Strike Price Increments
| Futures Contract Price All Option Months |
Increment |
| Less than $2,000 |
$50 |
| Less than $3,600 |
$100 |
| $3,600 or more |
$200 |
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