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Cocoa Contracts Overview | Quote-board - To learn more, contact us: 1- 800-974-8744

Calls for delivery of any kind of cocoa bean - "the growth of any country or clime, including new or yet unknown growths" - as long as it meets F.D.A. standards for importation.Contract specifications are current as of  Sept. 2, 2003 and may be subject to change verify information with your broker.

FUTURES

OPTIONS

Trading Unit 10 metric tons (22,046 pounds) Trading Hours 8:00 a.m. - 11:50 a.m. closing period commences at 11:45 am (NY time) Price Quotation Dollars per metric ton Delivery Months March, May, July, September, December Ticker Symbol CC Minimum Fluctuation $1.00/metric ton, equivalent to $10.00 per contract and approximately 5/100 cent/lb. First Day Trading: Ten business days prior to first business day of delivery month. Last Trading Day: One business day prior to last notice day. Last Notice Day: Ten business days prior to last business day of delivery month Daily Price Limits: None Position Limits: Spot Month: 750 contracts as of the first notice day in the expiring month. Additionally, Position Accountability Rules apply to all futures and options contract months. Contact the Exchange for more information. Standards Established by Exchange licensed graders in accordance with specified tolerances for defects, bean count, bean size and other standards. Deliverable Growths: The growth of any country or clime, including new or yet unknown growths. Growths are divided into three classifications: Group A, deliverable at a premium of $160/ton (including the main crops of Ghana, Nigeria, Ivory Coast, among others); Group B, deliverable at a premium of $80.00/ton (includes Bahia, Arriba, Venezuela, among others); Group C, deliverable at par (includes Sanchez, Haiti, Malaysia and all others). Delivery Points: At licensed warehouses in the Port of New York District, Delaware River Port District, or Port of Hampton Roads.

Trading Unit One cocoa futures contract Trading Hours See cocoa futures Price Quotation Dollars per metric ton Contract Months "Regular Options": March, May, July, September, December "Serial Options": January, February, April, June, August, October, November Ticker Symbol CC Minimum Fluctuation $1.00/metric ton, equivalent to $10.00 per contract. First Trading Day "Regular Options": Business day following the day on which the underlying future is listed for trading. "Serial Options": First business day of the third calendar month preceding the serial option month. Last Trading Day First Friday of the month preceding the contract month. ExpirationDate/Time 9:00 PM New York Time on last trading day. Notification of intention to exercise must be made by an options holder to a carrying member firm by 4:00 PM on such day. carrying member firm by 3:00 PM that day. Daily Price Limits: None Position Limits: See Futures Specifications Option Trading Cycles: Option Name Underlying Futures Expires 1st Friday of Serial options are short-life options providing additional option expirations on existing futures contracts. All options are designated by the month following the expiration of the option contract. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec March March March May May July July September September December December December Decermber January February March April May June July August September October November Strike Price Increments Futures Contract Price All Option Months Increment Less than $2,000 $50 Less than $3,600 $100 $3,600 or more $200

To learn more, contact USIG today: 1- 800-974-8744