- Trading Screen Product Name
- Gasoil Crack Futures (bbl)
- Trading Screen Hub Name
- LS GO 1st Line/Brent 1st Line
- Contract Symbol
ULD
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per barrel
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per barrel
- 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 USD and cents per barrel based on the difference between the
average of the settlement prices as made public by ICE for the
front month Low Sulphur Gasoil Future and the average of the
settlement prices as made public by ICE for the front month Brent
Crude Future for each Business Day in the determination period.
Conversion Factor: 1 metric tonne = 7.45 barrels.
- Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Brent Futures and ICE Low Sulphur Gasoil
Futures specified in the Floating Price terms above will be used
except for the expiration date of each commodity's underlying
delivery month's futures contract. On such date, the applicable
pricing quotation will be rolled to the following month's futures
contract.
- Contract Series
Up to 74 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU