This innovative project, announced at a conference/debate organized by Paris Europlace at Bordeaux, is based on a finished product - namely homogeneous categories of sought-after fine wines - that is ready to be consumed. The first contract is expected to be a future on the top growths of the Bordeaux region, based on a 12-bottle case en primeur for delivery in 32 months' time.
In late summer, when the results of the study are in, ParisBourseSBF SA will analyze the economic, technical and financial interest of setting up an organized market in fine wines. If it deems that such an interest exists, the first futures contract - on the 2000 vintage of the top Bordeaux chateaux - could be launched before year's end.
A team of specialists set up by ParisBourseSBF SA will participate in the feasibility study, contributing their expert knowledge of the wine trade. Many key players in the Bordeaux market - top chateaux, shippers and personalities from the wine world - have already expressed their interest in the initiative.
