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MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announces the public availability of the Regulations, Manual and a sample Negotiable Warehouse Receipt for the new Apple Juice Concentrate (AJC) Futures and Options contract. The AJC contract launches on August 13, 2012.
The Regulations address trading, clearing and warehouse topics including AJC contract specs, trading hours, EFP’s and EFR’s, offsets, transfer trades and position limits in addition to other matters.
The Manual contains an overview of storage requirements and provides a detailed description of the MGEX AJC delivery process including proper use of a negotiable warehouse receipt. Among other topics, the Manual includes information on United States Department of Agriculture (USDA) sampling and testing procedures, documentation required for initiating an MGEX delivery, and the process that the cold storage facility must go through for delivery.
To view the Regulations, Manual and Warehouse Receipt, visit www.mgex.com/ajc.
“These documents are crucial in informing all parties of the specific AJC requirements for storing, testing and delivery,” said Layne G. Carlson, Treasurer and Corporate Secretary, MGEX. “We worked with the industry to provide a transparent and efficient delivery process for all parties involved,” said Carlson.
On August 13, 2012, MGEX will launch the AJC futures and options contract. Additional information about MGEX and the AJC contract is available at http://www.mgex.com.
