A monthly cash settled future based on the daily settlement price for RBOB Gasoline Futures.
|Contract Size||1,000 barrels (42,000 gallons)|
|Unit of Trading||Any multiple of 1,000 barrels|
|Currency||US Dollars and cents|
|Trading Price Quotation||One hundredth of one cent ($0.0001) per gallon|
|Settlement Price Quotation||One hundredth of one cent ($0.0001) per gallon|
|Minimum Price Fluctuation||One hundredth of one cent ($0.0001) per gallon|
|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 Price||In respect of final settlement, the Floating Price will be a price in USD and cents per gallon based on the average of the settlement prices as made public by NYMEX for the front month RBOB Gasoline Futures contract for the month of production.|
|Contract Series||Up to 48 consecutive months|
|Final Payment Dates||Two Clearing House Business Days following the Last Trading Day|
|Business Days||Publication days for ICE|
**Sunday Pre-Open 5:40 PM ET; Closed on Saturday
NOTE: DST in the US will be different than BST time. See Circular 14011 for temporary trading hours changes.
Clearing Admin NameRefOutright bbl