Specifications Calls for delivery of any kind of cocoa bean - "the growth of any country or climate including new or yet unknown growths" - as long as it meets U.S.D.A. standards for importation.
Trading.Unit: 10metric tons (22,046pounds)
Trading Hours: 9:00 AM to 2:00 PM New York Time.
Price Quotation: Dollars per metric ton
Delivery months: March, May, July, September, December
Ticker Symbol: CC
Min Price Fluct: $ 1.00/metric ton, equivalent to $10.00 per contract and approximately 5/100 cent/lb.
Daily Price Lintits (front previous day's settlement price): $88/metr-ic ton with variable limits. No price limits on two nearby months
Position Lintits: 2.000 contracts net long/short any one month, 4,000 net total; 500 as of first notice day in expiring contract. Combine with published "futures equivalent" ratios of options positions. Exemptions may apply for hedge, straddle and arbitrage positions. Contact the Exchangefor 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 growth. 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.
Last Trading Day- One business day prior to last notice day.
First Notice Day: Ten business days prior to first business day of delivery month.
Last Notice Day: Ten business days prior to last business day of delivery month.