ICE Futures U.S.

Diesel Diff - ULSD 10ppm CIF Med Cargoes (Platts) vs New York Harbour ULSD Future

Diesel Diff - ULSD 10ppm CIF Med Cargoes (Platts) vs New York Harbour ULSD Future31687091

Description

A monthly cash settled future based on the difference between the Platts daily assessment price for the ULSD 10ppm CIF NWE Cargoes and the ICE daily settlement price for New York Harbour ULSD Future.

Market Specifications

Trading Screen Product Name
Diesel Diff Futures
Trading Screen Hub Name
ULSD 10ppm CIF Med Cg (Platts)/NYH ULSD
Commodity Code
TMN
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
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 metric tonne based on the difference between the mean of the high and low quotations appearing in the “Platts European Marketscan” under the heading “Mediterranean cargoes” subheading “CIF Med (Genova/Lavera)” for “10ppm ULSD” and the average of the settlement prices as made public by ICE for the New York Harbour ULSD Future for each business day (as specified below) in the determination period. Line Swap Future.
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts European Marketscan
MIC Code
IFED
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
Am Ref Diff mt
Physical
TMN
Logical
TMN
GMI(FC)
R&N A.C.N.