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  1. #1
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    Introduction of Cash Settled DGCX Soybean Oil Futures Contracts

    Subject: Introduction of Cash Settled DGCX Soybean Oil Futures Contracts

    In pursuance of the By-Laws of DGCX, and the Clearing Rules of DCCC; the following is hereby notified:
    The Exchange shall introduce cash settled DGCX Soybean Oil Futures Contracts for trading with effect from Friday, December 12, 2014.
    Please note that first contract available for trading will be May 2015 contract (expiring on April 18, 2015).

  2. #2
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    DGCX Soybean oil Futures Contract Specifications

    Contract Parameters
    Contract Symbol DSOI
    Underlying China Soybean oil Futures
    Contract Size 5 MT
    Pricing Basis
    Price Quote US dollars per MT
    Minimum Tick Size US$ 0.50
    Minimum Tick value US$ 2.50
    Daily Price Range US$50*
    Trading
    Contract Months January, May and September delivery month contracts (3 contracts to be listed at any given time)
    Trading Days Monday through Friday
    Trading Hours 0700 – 2230 hrs (Dubai Time)
    Last Trading Day Tenth last business day of the month preceding the Delivery Month. If it is a holiday in China or in the UAE, then the immediate preceding Business Day.
    New Contract Listing Business Day immediately following Last Trading Day of Expiring
    Contract
    Settlement
    Settlement Basis Cash

    Final Settlement Price**
    Cash settled against China Soybean oil Futures Price on DGCX futures contract expiry date. Currency conversion spot rate (CNY to USD) shall be as declared by People's Bank of China (PBoC) on a daily basis.
    Quality Specification Crude Soybean Oil
    GB 1535 Soybean oil (Crude Soybean oil, not suitable for direct eating). Content of phosphorus: subject to the relevant rules of SN/T
    0798 in China. Other terms and definitions: subject to the relevant rules of GB1535 in China

    Parameter Quality Guideline
    Odour & Flavour Inherent Soybean Odour and Flavour
    Moisture and Volatiles ≤0.2%
    Insoluble Impurities ≤0.2%
    Acid Value ≤3 mg KOH/g
    Peroxide Value ≤7.5 mmol/kg
    Residual Solvent Vol. ≤100 mg/kg
    Phosphorous Vol. ≤200 mg/kg
    Margins
    Initial Margin US$100 per contract (subject to change)
    Order/ Position Limits
    Max Open Position Limit As determined by the Exchange from time to time
    Max order Size 200 Contracts
    Block Trades Minimum Block size permitted is 50 Contracts

    * There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$50 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$50 limit

    ** In case of a bank holiday in China on DGCX futures contract expiry date (PBoC not declaring currency conversion rate for CNY), previous day's currency conversion rate as declared by PBoC will be used.

  3. #3
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    Subject: Postponement in Introduction of Cash Settled DGCX Soybean Oil Futures Contracts

    In pursuance of the By-Laws of DGCX, the Clearing Rules of DCCC and Notice TRDG-2014-040
    dated November 28, 2014, Members are advised that the launch of the cash settled DGCX
    Soybean Oil Futures Contracts has been postponed until further notice.
    Members are requested to take note of the above.

  4. ARIONFORXtarder
 

 

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