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The relevant provisions of the Rule are triggered whenever an Orange Juice futures contract month ends the trading day locked at either limit-up or limit-down; the alternate price is derived from the respective futures contract month’s corresponding options contract at the market close. Under the Resolution, Clearing Members must use this same alternate price for purposes of collecting margins as required by margin rules.
The Orange Juice futures and options contract months for which NYCC will utilize an alternate price, the futures contract settlement price and the alternate price for business day September 27, 2004 are as follows:
(All other months listed for trading not shown above will be margined at their Settlement Price.)
| Contract Month | Settlement Price | Alternate Price for Settlement Purposes |
| January ’05 | 85.75 | 87.40 |
| March ‘05 | 87.50 | 89.15 |
| May ’05 | 90.00 | 91.65 |
| July ’05 | 92.00 | 93.15 |
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
