- Trading Screen Product Name
- Ethanol Futures
- Trading Screen Hub Name
- Rotterdam
- Contract Symbol
EFR
- Contract Size
100 cubic metres
- Unit of Trading
Any multiple of 100 cubic metres
- Currency
Euros and euro cents
- Trading Price Quotation
One cent (Eur 0.01) per cubic metre
- Settlement Price Quotation
One tenth of one eurocent (Eur 0.001) per cubic metre
- Minimum Price Fluctuation
One tenth of one eurocent (Eur 0.001) per cubic metre
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in Euros and eurocents per cubic metre based on the average of the
mean of the high and low quotations appearing in the “Platts
Biofuelscan” under the heading “Platts key daily
ethanol assessments” subheading “Northwest
Europe” for “Ethanol T2 FOB Rotterdam (€/cu
m)” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 36 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Biofuelscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU