The CME Europe Cocoa product suite comprises Euro-denominated deliverable futures and a US dollar-denominated cash-settled futures contract. Together, they provide effective risk management tools for the global cocoa industry. Market participants looking to manage risks associated with trading, processing and manufacturing cocoa and cocoa-based products now have a variety of flexible instruments in one central marketplace.
The CME Europe physically-delivered Cocoa futures contract is designed to track the underlying Cocoa cash market more closely than any other futures alternative. Moreover, CME Europe’s enhanced delivery system for Cocoa allows stronger convergence between our futures contract and the cash markets, offering market participants more effective risk management vehicles.
Additionally, CME Europe has developed unique methodologies for preparing, sampling and grading of cocoa during the delivery process, which provide capital efficiencies for participants in our markets.
Cocoa options will be available for trading on CME Europe from 29 June 2015.These contracts will be denominated in euros beginning with the September 2015 listed month.
More Efficient Pricing
Contract priced against bulk and bagged cocoa, where bulk comprises as much as 70% of European imports, better reflecting the physical market.
More Effective Delivery Process
Better Sampling and Grading
Margin offsets for arbitrage between the deliverable and cash-settled Cocoa contracts, a feature unique to CME Europe, offer additional capital savings.
* Please note that these documents are for reference use only. Please contact the specific organisations who publish these documents for the most up to date versions.
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