Announcement on Listing of Rapeseed Oil (West)
Date:13 August 2013
Tianfu Mercantile Exchange (the “Exchange”)
Members and dealers :
It is decided by TME that starting from 15 August 2013, trading can be conducted on Rapeseed Oil, with details as follows:
I. Commodity for Listing
Commodity Name: Rapeseed Oil (West)
Commodity Code : ROXB
National Standard : GB 1536-2004
Norm : In bulk
Grade: Grade I (Non-GMO), Grade IV (Non-GMO)
II. Trading Type
Listing
III. Date of Listing
(a) Date of Listing
15 August 2013
(b) Trading Hours
AM: 9:00-11:30 PM: 13:30-15:30 20:00-02:30
The days TME shall be open for business are every Monday through Friday (with exceptions of statutory holidays)
IV. Delivery and Settlement Handling
AM: 9:00-12:00 PM: 13:30-17:30
The days TME shall be open for business are every Monday through Friday (with exceptions of statutory holidays)
V. Consulting Service
Dealers in need of detailed information with regard to TME’s trading rules and relevant operation process may refer to our website (www.chinatme.com), or consult the Exchange.
Person to contact : Mr. Jia, Agricultural Product Department
Tel No: 028-65301697
E-mail：jiawd@chinatme.com
Parameter Table of Rapeseed Oil (West) - (Physical Commodity)
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Agricultural Product |
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Commodity Name |
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Commodity Code |
RO |
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Commodity Transaction Scope |
Quality Standard |
National Standard: GB 1536-2004 |
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Grades |
Grade I (Non-GMO), Grade IV (Non-GMO) |
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Delivery Warehouse |
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Trading Hours |
9:00-11:30 13:30-15:30 20:00-02:30 (Mon-Fri,Statutory Holidays Excluded) |
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Quoting Mode |
VAT price |
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Quoting Unit |
Yuan/L (liter) |
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Minimum Price Interval |
0.01 Yuan/liter |
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Minimum Trading Unit |
1000 liters |
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Margin for Trading |
20% |
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Margin for Delivering |
20% |
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Transaction Fee |
1‰ |
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Delivery Fee |
0.2 Yuan /10 liters |
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Date of Delivery |
Subject to a stipulated delivery date upon listing |
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VAT rate |
13% |
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Ratio of Invoicing Default |
20% |
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Time for Seller’s Invoicing |
Within 20 trading days after a successful delivery |
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Weight Tolerance |
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More or Less Difference |
±1‰ |
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Reminder: Parameter Table of Rapeseed Oil (West)-(Physical Commodity) in Chinese version should pravil,if any controversy or dispute occurs.