- Trading Screen Product Name
- Gasoil Crack Futures (bbl)
- Trading Screen Hub Name
- LS GO 1st Line/Brent 1st Line Mini
- Contract Symbol
LVB
- Contract Size
100 barrels
- Unit of Trading
Any multiple of 100 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 Business 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 ICE Low Sulphur Gasoil 1st Line Future and the average
of the settlement prices as made public by ICE for the front month
Brent 1st Line Future for each business day (as specified below) 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 specified in the Floating
Price terms above will be used except for the expiration date of
the 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 72 consecutive months
- Payment Dates
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU