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- Release Date: 12/04/12 13:00
- Summary: DAIRY: NZX: GlobalDairyTrade contract periods
- Price Sensitive: No
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NZX
12/04/2012 11:00
DAIRY
REL: 1100 HRS NZX Limited
DAIRY: NZX: GlobalDairyTrade contract periods
Memo
To: NZX Derivatives Market Participants
From: NZX Limited
Date: 12 April 2012
Subject: GlobalDairyTrade contract periods
Dear Market Participants,
The proposed change to monthly contract periods by GlobalDairyTrade has been
adopted and will be effective for Trading Event 67 on 1 May 2012.
The decision to adopt the monthly contract periods means that the forecast
offer
quantities to be published in advance of Trading Event 66 on 17 April will
provide
forecasts on Contract 1 through to Contract 6 for the first time.
The Final Settlement Price for NZX Dairy Futures is an average of Fonterra
Contract 2
winning prices in the stated product specification for WMP, SMP and AMF.
Contract 2 on GlobalDairyTrade remains unchanged and therefore the Final
Settlement Price calculation for NZX Dairy Futures is also unchanged.
For more information, please go to: http://www.globaldairytrade.info/
Announcements.aspx
If you have any queries, please email [email protected]
ENDS
End CA:00221755 For:NZX Type:DAIRY Time:2012-04-12 11:00:05
