September 2005
Intermediate to advanced
272 pages
9h 8m
English
Content preview from Clearing and Settlement of Derivatives
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Futures processing 75
1
Where necessary upon tender, a seller may be instructed by the Clearing House to convert
a Bulk Delivery Unit into Large and/or Standard Delivery Units, or a Large Delivery Unit into
Standard Delivery Units.
2
Bulk Delivery Units are tenderable at a discount of £20 per tonne to the contract price.
3
Contact the Exchange to determine which Delivery Areas have Dual Capacity
Warehousekeepers (i.e. those nominated for the storage of Bulk Delivery Units as well as
Standard and Large Delivery Units).
Trading Platform
• LIFFE CONNECT
®
Trading Host for Futures and Options.
• Algorithm: Central order book applies a pro-rata algorithm,
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