Futures in China
Early Long-grain Nonglutinous Rice 2014-06-23
Early Long-grain Nonglutinous Rice Futures Contract Specs
 Underlying Product  Early Long-grain Nonglutinous Rice
 Contract Size  10 Tons
 Price Quote  Yuan (RMB)/Ton
 Tick Size  1 Yuan/Ton
 Daily Price Limit  3% of above or below the previous trading day's settlement price and the relevant provisions of Zhengzhou Commodity Exchange Futures Trading Risk-control Regulation.
 Contract Months  Jan, Mar, May, Jul, Sep and Nov
 Trading Hours  Monday through Friday(Beijing time,legal holidays excepted)
 9:00-11:30 a.m. 1:30-3:00 p.m.
 Last Trading Day  The seventh business day prior to the last trading day in the contract month.
 Delivery Date  The seventh business day prior to the last trading day in the contract month.
 Deliverable Grades  Above 3rd grade (including 3rd grade) early long-grain nonglutinous rice (National standard Rice, GB1350-1999), and the early long-grain nonglutinous rice specified by Delivery Rules of ZCE.
Substitutions at differentials see Delivery Rules of ZCE.
 Delivery Place  Exchange-appointed delivery warehouses
 The Lowest Margin Rate  5% of contract value
 Trading Fees  2 Yuan/contract (including risk fund)
 Delivery Method  Physical delivery
 Ticker Symbol  ER
 Listed Exchange  Zhengzhou Commodity Exchange