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LME TAPOs Contract Specifications
Contact person:Billnong Phone:+8615889673537 E-mail:billnong@bbien.com
LME Tin TAPOs
| Contract code | SN |
|---|---|
| Underlying metal | Tin of 99.85% purity (minimum) conforming to BS EN 610:1996 |
| Lot size | 5 tonnes |
| Contract months | Monthly out to 15 months |
| Underlying contract | LME Tin futures - the average of the Cash prompts for each business day of the contract month |
| Price quotation | US dollars per tonne |
| Clearable currencies | US dollars |
| Option style | Asian |
| Trading deadlines |
The business day preceding the declaration day of the relevant prompt month: · Last trading time - by 18.00 · Last matching and registration - by 18.15 |
| Declaration date/time | Automatic declaration of in-the-money TAPOs at 15.00 on the last business day of the TAPO month |
| Minimum price fluctuation (tick size) | $0.01 per tonne |
| Strike price interval | $1 |
| Exercise of option | LCH.Clearnet auto exercise TAPOs. Exercise will result in two futures contracts, one at the strike price and the other at the Monthly Average Settlement Price (MASP). The effect is to generate a cash settlement which is settled on the second business day after the declaration day for the TAPO month |
| Settlement type | Financial |
| Trading venues | Ring, inter-office telephone and LMEselect (as a hedged option only) |
About BBIEN:
BBIEN is an experienced and professional Chinese soldering and special metal alloy manufacturer. We are specializing in research and development, production and selling of the soldering tin materials (solder wire, solder paste, solder bar/stick etc), related chemical products (liquid flux, rosin powder etc) and special metal alloy(Ag-Ni，Ag-Al,Ag-Cu,Zn-Cu,Sn-Bi,Sn-In,Ge Metal,In metal),permanent magnet. Our products are widely applicable to welding engineering of electron, communication, electric appliances, electric instruments and meters. Some important certificates of this line we have are ISO9001:2000, ISO9001:2008, SGS, RoHS etc .
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