- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- D4 RINs (OPIS)
- Contract Symbol
RIK
- Contract Size
50,000 RINs
- Unit of Trading
Any multiple of 50,000 RINs
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent ($0.0001) per RIN
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per RIN
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per RIN
- 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 RIN based on the average of the mean of the
high and low quotations appearing in the "OPIS Ethanol &
Gasoline Component Spot Market Prices" report under the heading "US
RINs" subheading "US Biodiesel RINs" for “Current Yr”
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 OPIS Ethanol and Biodiesel Information Service
- MIC Code
- IFED
- Clearing Venues
- ICEU