ICE Group’s Cocoa Futures Contract Specifications
DESCRIPTION |
The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports. |
CONTRACT SYMBOL |
CC |
CONTRACT SIZE |
10 metric tons |
PRICE QUOTATION |
Dollars per metric tons |
CONTRACT SERIES |
March, May, July, September, December |
MINIMUM PRICE FLUCTUATION |
$1.00/metric ton, equivalent to $10.00 per contract. |
SETTLEMENT |
Physical Delivery |
DAILY PRICE LIMIT |
None |
DELIVERABLE ORIGINS |
The Growth of any country is deliverable, and Growths are divided into three delivery Groups:Group A (deliverable at a premium of $160/ton) includes the Growths of Ghana, Ivory Coast, Nigeria, Sierra Leone and Togo.Group B (deliverable at a premium of $80/ton) includes the Growths of Arriba (Ecuador), Cameroon, Colombia, New Guinea, Venezuela and several other Growths.Group C (deliverable at par) includes the Growths of Bolivia, Haiti, Indonesia-Sulawesi, Malaysia and all other Growths not specified in the contract Rules as being in Groups A, B or C. |
DELIVERY LOCATIONS |
At licensed warehouses in the Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany or Port of Baltimore. |
FIRST NOTICE DAY |
Through and including the December 2021 expiry: Ten business days prior to the first business day of delivery month.Commencing with the March 2022 expiry: Ten business days prior to the sixth business day of delivery month. |
LAST TRADING DAY |
One business day prior to last notice day. |
LAST NOTICE DAY |
Ten business days prior to last business day of delivery month |
POSITION LIMIT |
"Position Limit and Position Accountability information for all IFUS products can be found ►here. |
MARKERS |
►TAS (Trade at Settlement) |
ICE Group’s Cocoa Options Contract Specifications
DESCRIPTION |
The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports. |
CONTRACT SYMBOL |
CC |
CONTRACT SIZE |
One Cocoa CC futures contract (10 metric tons) |
PRICE QUOTATION |
Dollars per metric ton |
CONTRACT SERIES |
Regular Options: March, May, July, September and DecemberSerial Options: January, February, April, June, August, October and November. For a serial option, the underlying future is the next Regular futures contract month |
MINIMUM PRICE FLUCTUATION |
$1.00/metric ton, equivalent to $10.00 per contract. |
DAILY PRICE LIMIT |
None |
STRIKE PRICE INTERVALS |
Strike increment is $50 per ton. |
FIRST TRADING DAY
|
Business day following the business day on which the underlying future is listed for trading. |
FIRST TRADING DAY
|
First business day of the third calendar month preceding the serial option month. |
LAST TRADING DAY |
Through and including the May 2025 expiry (including serial and regular option months), the first Friday of the preceding calendar month.Starting with the June 2025 serial and July 2025 regular expiries, the second Friday of the month preceding such regular or serial option month, provided however that for each option there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future. |
EXPIRATION DATE |
17:00 Eastern time on the last trading day. Automatic exercise at one tick or morein-the-money at expiration on last trading day. |
POSITION LIMIT |
"Position Limit and Position Accountability information for all IFUS products can be found ►here. |
To find out more about ICE Group’s Cocoa Futures & Options, contact us via:
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