Warenterminboerse Hannover Now Covers The Rape Seed Market Completely

The Hannover Commodity Exchange (WTB) extends its e range. Futures on rape seed, rape meal and rape oil will become available for trading. This was announced by the chairman of the Exchange Council, Dr. Helmut Born in Hannover on Saturday. "In Europe a product range that comprises all three areas is presently unique." Said Born. He also referred to the particularly high standards of safety of the German commodity exchange and the reliable clearing standards. Those are guaranteed by the associated clearing bank, which is owned by Commerzbank, Nord/LB und der Vereins-und Westbank. In addition, the potato future will be modified. New specifications will increase its attractiveness and flexibility. In particular, deliveries will in future be effected via warehouse papers. Professionals take care of the handling of the goods and where agreed guarantee the quality. For sellers failing to meet their delivery obligations, the flat rate sanction is limited to Euro 500 per contract. Another novelty is the possibility to pass on the warehouse paper (rendering). Thus the potato future becomes more attractive for buyers who are not primarily interested in physical delivery. The Exchange Council approved the necessary changes to the contract specifications at its latest meeting. Dr. Joerg Pluts of the Deutsche Schutzvereinigung fur Wertpapierbesitz, Düsseldorf becomes a member of the Exchange Council representing the investors.