ICE Futures Europe

Ethanol T2 FOB Rotterdam Barges (Platts) Future

Ethanol T2 FOB Rotterdam Barges (Platts) Future27066818

Description

A monthly cash settled future based on the Platts daily assessment price for Ethanol T2 FOB Rotterdam Barges

Market Specifications

Trading Screen Product Name
Ethanol Futures
Trading Screen Hub Name
Rotterdam
Commodity Code
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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
RefOut EUR m3
Physical
EFR
Logical
EFR
GMI(FC)
SX
R&N A.C.N.
EH92