Pursuant to a decision of the Exchange Council of Ukrainian Resource Exchange LLC (URB), and with the aim of standardizing the tolerance applied to forward contracts concluded on commodity exchanges operating in the timber market, the tolerance has been set at ±3% of the total volume of the commodity lot under the forward contract.
As a result of this decision, the corresponding amendments have been made to:
- Clause 12.11 of the Regulations on the Organization and Conduct of Exchange Trading for the “Unprocessed Timber and Lumber” market at Ukrainian Resource Exchange LLC (URB);
- the Standard Forward Contract Template (underlying asset – unprocessed timber);
- the Standard Forward Contract Template (underlying asset – fuelwood).