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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