Product Details
Bordeaux wines are the world's most widely-used wine products and are increasingly the most actively traded wine commodity worldwide.
Description
One case of 1 to 24 identical bottles (or "cols"), with their original labels, in their original packaging and in good condition, and which can be delivered immediately, in Bordeaux.
Product Specifications
| Trading Period | Continuously, and within the Trading Hours, from the date the product is delivered by the Château, or the Estate. An Exchange circular is issued every year with the Exchange open and closing days. |
| Product Security | wineClear acts as the central counterparty for trades conducted on the trading platform. This enables it to guarantee the performance of every trade registered with it by its members up to and including delivery, and settlement. wineClear has no obligation or contractual relationship with its members' clients. |
| Trading Hours | Morning Trading Session - Opens at 08:30 and closes at 12:30, Bordeaux local time. Afternoon Trading Session - Opens at 14:00 and closes at 17:30, Bordeaux local time. |
| Quotation | The price is in Euros [EUR (€)] and cents of euro per bottle (or "col"). |
| Product Size | 1 case |
| Underlying Product Size | 1 case |
| Minimum Price Increment | One cent euro per bottle, equivalent to a tick which value is multiplied by the number of "cols" in the package e.g. €0.12 for a case of 12 "cols". |
| Closing Prices | The last traded price, or the last bid price if better than the previous closing price, or the last offered price if better than the previous closing price, or the previous closing price. |
| Trading Methods | Quotes on the bwinex market (Professionals of the "Place de Bordeaux") and Limit Orders on the inWine™ market. |
| Delivery and Settlement | The wine product is deliverable and payable immediately, according to wineClear Rules and Regulations. |