22 September 1998
LIFFE to allow bulk cocoa deliveries
THE London International Financial Futures and Options Exchange is to allow bulk delivery of cocoa against its cocoa futures contracts.
Other contract changes include a premium for high-quality cocoa, a one-day notice period for physical delivery and a test for consistency.
The changes will start in from the May 2000 contract which begins trading on 1 October this year.
Liffes trading limit of 10-tonnes has been in force since the 1930s. The decision will allow units of 100 tonnes and 1000 tonnes to be traded.
- Financial Times 22/09/98 page 32