ICE Futures Europe

Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Balmo Future (in Bbls)

Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Balmo Future (in Bbls)37042686

Description

A balance of the month cash settled future based on the difference between the ICE daily settlement price for Low Sulphur Gasoil 1st Line Future and the ICE daily settlement price for Brent 1st Line Future (in bbls).

Market Specifications

Trading Screen Product Name
Gasoil Crack Futures (bbl) (balmo)
Trading Screen Hub Name
LS GO 1st Line/Brent 1st line
Commodity Code
131-139; 13A-13V
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 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.
Contract Series
Up to 2 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for ICE
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
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

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

Codes

Clearing Admin Name
Cracks bbl
Physical
131-139; 13A-13V
Logical
LVA
GMI(FC)
R&N A.C.N.