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SGX-NZX Global Butter (BTR)
FUTURES CONTRACT SPECIFICATIONS
| SGX-NZX BTR Futures | |
|---|---|
| Product Type | Futures |
| Product Category | Dairy |
| Ticker Symbol | BTR |
| Contract Size | 1 metric tonne |
| Minimum Price Fluctuation | US$5 per metric tonne |
| Contract Months | 18 consecutive contract months |
| Quotation | US$ per metric tonne |
| Tick Value | USD 5 |
| Trading Hours (Singapore Time) | Every New Zealand business day: Screen T Session: 7.25 am - 6.00 pm Pre-Opening: 7.10 am – 7.23 am Non-Cancel: 7.23 am – 7.25 am NLT T Session: 7.10 am - 6.00 pm Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. |
| Trading Hours on Last Day | Screen: 7.25 am – 6.00 pm NLT 7.10 am – 6.00 pm Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. |
| Last Trading Day | The day of the last Global Dairy Trade (GDT) Events Auction of the contract month |
| Daily Price Limits | N.A. |
| Settlement Basis | Cash Settlement |
| Exchange Delivery Settlement Price / Final Settlement Price | Average of winning GDT prices for one tonne of Butter, Unsalted 25kg - NZ, Contract 2 in GDT Events Auctions |
| Position Accountability / Position Limit | Unless otherwise prescribed by the Exchange, there shall be no Position Limits. However, subject to Rule 4.1.18 of the Trading Rules, a person owning or controlling any combination of Futures Contracts, Option-on-Futures Contracts, Swap Contracts, Option-on-Swap Contracts and Relevant Contracts that exceed such position as the Exchange may prescribe from time to time with prior notification, net on the same side of the market, and in all Contract Months combined, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable. Position Accountability Threshold (Lots): 20,000 |
| Negotiated Large Trade | 50 lots |
| Bloomberg Ticker Code | KTDA Comdty |
| Refinitiv Ticker Code | 0#SBTR: |
