White Rice (BWR5)
Exchange | The Agricultural Futures Exchange of Thailand (AFET) |
Type | Commodity |
Underlying | White Rice 5% |
Currency | Thai Baht (THB) |
Contract Size | 15 Metric Tonnes |
Tick Size | 0.01 |
Tick Value | 150 THB |
Pre-Open 1 | |
Trading Session 1 | 10:00- 15:45 |
Pre-Open 2 | |
Trading Session 2 | None |
Pre-Open T+1 | None |
Trading Session T+1 | None |
Last Trading Day | The 10th business day of the Delivery Month |
Last Delivery Day | The last business day of the Delivery Month |
Final Settlement Price | A 3-day average of the mid-interval value of White Rice 5% price announced by the Department of Internal Trade (DIT) plus the quality improvement premium of 0.30 baht/kg. |
Settlement Type | Physical |
Deliverable Grade | White Rice 5% as per the Standard of White Rice 5% of The Notification of the Ministry of Commerce |
Delivery Location | Buyer’s designated warehouse or factory in Bangkok, Ayutthaya, Nakhon Pathom, Nonthaburi, Samut Sakhon, Samut Prakan, Pathum Thani, Nakhon Nayok, or Chachoengsao Provinces |
Contract Months | 12 consecutive months |
First Trading Day | |
Position Limit | Not greater than 600 contracts for delivery month (each leg) Not greater than 3,000 contracts in all contract months combined (each leg) (A hedger may ask for permission to hold more than such limits) |
Initial Margin (outright) | 19,000 baht per contract |
Maintenance Margin (outright) | 14,000 baht per contract |
Clearinghouse Margin (outright) | |
Listed Spread | No |
Initial Margin (spread) | 19,000 THB |
Maintenance Margin (spread) | 14,000 THB |
Clearinghouse Margin (spread) | |
Daily Price Limit | 0.80 THB |
Options | No |
Exchange Symbol | BWR5 |
Reuters Symbol | |
Bloomberg Symbol | |
ISIN Symbol | |
SEDOL | |
Notes |