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Standard contract for early indica rice futures of Zhengzhou Mercantile Exchange

http://www.sina.com.cn    20:36, May 23, 2012    Zhengzhou Commodity Futures

　　 Early indica rice Futures contract

Transaction type Early indica rice
Trading unit 10 tons/hand
Bidder RMB/ton
minimum price change 1 yuan/ton
Daily price fluctuation limit ± 3% of the settlement price of the previous trading day and relevant provisions of the Measures for the Management of Futures Trading Risk Control of Zhengzhou Commodity Exchange
Contract Month 1. March, May, July, September and November
Transaction time Every Monday to Friday (except legal holidays in Beijing time)

9:00-11:30 am 1:30-3:00 pm
Last Notice Day The penultimate trading day of the contract delivery month
Closing Date From the first trading day of the contract delivery month to the penultimate trading day
Delivery grade Benchmark deliverable: early indica rice that meets the quality indicators of Grade III and above in the National Standard Rice of the People's Republic of China (GB1350-1999) and the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange. See the Rules for Futures Delivery of Zhengzhou Commodity Exchange for substitutes and premium discount.
delivery points Delivery warehouse designated by the Exchange
Minimum transaction margin 5% of contract value
Maximum transaction commission 2 yuan/hand (including risk reserve)
delivery methods physical settlement
Transaction code ER
Listed Exchange Zhengzhou Commodity Exchange
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