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CONTRACT SPECIFICATION
Traded Commodity | Sugar No. 11 ICE US |
Commodity Code | SBE |
Contract Size | 112,000 pounds / lot |
Quotation Unit | cent / pound |
Trading Hours (GMT+7) | Monday – Friday: 14:30 - 00:00 (next day) |
Price Increment | 0.01 cent / pound |
Expiration Months | March, May, July, October |
Registration Deadline for Delivery | 5 business days before the first notice day |
First Notice Day | First business day of the expiration month |
Last Trading Day | Last business day of the month preceding the expiration month |
Margin | As regulated by MXV |
Position Limits | As regulated by MXV |
Price Fluctuation Limit | No limit |
Payment Method | Physical delivery |
Quality Standards | Standards are detailed below |
QUALITY STANDARDS
According to the specifications of Sugar No. 11 products traded on the ICE Exchange.
Sugar No. 11 – meets ICE delivery standards for raw cane sugar with an average polarity of 96%.