|Underlying Commodity||NSW Wheat|
|ASX 24 Code||VW|
|Physical Grade||Grain Trade Australia (GTA) Wheat Standard CSG 103 (APW1) 10.5% Protein*|
|Pricing Point||New South Wales (NSW) track (Newcastle and Port Kembla)|
|Contract Unit||20 metric tonnes|
|Quotation Tick Size||AUD $0.10 per tonne. Tick value of $2 per contract.|
|Settlement Months||January, March, May, July, September|
|Last Trading Day and Maturity Date||The third Thursday of the maturity month, provided this is a trading day.|
The Trading Hours for the ASX Grain Market changed on Monday December 2, 2013. For further information please refer to ASX 24 Notice 200/13.
Night Session: 5.00pm to 7.00pm
Trading ceases at 12pm on Maturity Date.
Pre-open starts 10 minutes prior to day session trading and 5 minutes prior to night session trading.
|Settlement Method||Physical delivery|
|Delivery Period||Begins on the second business day of the contract month and ends at 3pm on the Last Trading Day.|
|Notice Day||Any business day within the Delivery Period on which notice is given via lodgement of tender documentation with ASX Clearing Corporation.|
|Settlement Day||The business day following the Notice Day.|
|Settlement Amount*||The final Settlement Amount is calculated from the settlement price on the Notice Day. This price is adjusted for GTA location differentials, shrink, receival fees and GST.|
|Deliverable Grade*||The deliverable grade is Australian origin and is a minimum of GTA Wheat Standard APW1, Standard Reference number CSG-103, as specified by Grain Trade Australia (GTA) 'Wheat Standards' and tested in accordance with the GTA Receival Standard Procedures, or Approved Bulk Handler Receival Standard Procedures as the case may be. Milling wheat must be new crop stock.|
|Approved Warehouses and Delivery Locations||Up-country locations in NSW of an Approved Bulk Handler, tributary to either Newcastle or Port Kembla with rail and road outloading capability.|
|Premiums and Discounts*||
Settlement Months – March 2014 onward*
* For contract maturities March 2014 onward there is no protein premium applied.
** AEDT commences the first Sunday of October and finishes the first Sunday of April.
In the case of any discrepancy between this document and the ASX 24 Operating Rules and ASX Clear (Futures) Operating Rules the respective Operating Rules prevail.