Satisfied, swallowing ordinary wine (4)

I believe the answer is:

moet

'wine' is the definition.
(type of champagne)

'satisfied swallowing ordinary' is the wordplay.
'satisfied' becomes 'met' (as in 'met the conditions of his contract').
'swallowing' means one lot of letters goes inside another.
'ordinary' becomes 'O' (abbreviation e.g. O-Levels).
'met' placed around 'o' is 'MOET'.

I've seen this clue in The Telegraph.

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