Published On: Thu, Oct 20th, 2011

NZX Futures Block Trade Amendment

Part C of “Appendix One: Key Contract Information” of the NZX Limited Derivatives Market Procedures (“Procedures”) currently specifies the Minimum Volume Thresholds for the Block Trading Facility as 250 Lots for each of Contract No. 1 Global Whole Milk Powder (WMP) Futures, Contract No. 2 Global Anhydrous Milk Fat (AMF) Futures and Contract No. 3 Global Skim Milk Powder (SMP) Futures (“the Futures Contracts”). This Minimum Volume Threshold will be lowered to 50 Lots, with effect from 26 October 2011.

Pursuant to NZX Limited Derivatives Market Rule (“Rule”) 1.5.1 and Procedure 1.7.1, NZX Limited (“NZX”) hereby notifies Participants that the Minimum Volume Threshold for the Block Trading Facility for each of the Futures Contracts, will be amended by replacing the reference in the Block Trading Facility row to “250 Lots” with a reference to “50 Lots” (“the Amendment”), effective 26 October 2011.

The amended Procedures will be available at http://www.nzxfutures.com/access and https://www.nzx.com/ from 26 October 2011.

NZX has made the Amendment in accordance with the Rules.

Participants can also find the associated trading and clearing fees for Block Trades at http://www.nzxfutures.com/access.

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