- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- D5 RINs (OPIS)
- Contract Symbol
BFI
- 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 and
Biodiesel Information Service” report under the heading "OPIS
Ethanol & Gasoline Component Spot Market Prices" subheading "US
RINs" and "U.S. Advanced Biofuel RINs" for “Current Yr”
for each business day (as specified below) in the determination
period.
- Contract Series
Up to 36 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day in
the determination period.
- Business Days
Publication days for OPIS Ethanol and Biodiesel Information Service
- MIC Code
- IFED
- Clearing Venues
- ICEU