Heating Oil Diff - EU-Style Heating Oil vs Low Sulphur Gasoil Future42950217

Description

A monthly cash settled future based on the difference between the ICE daily settlement price for Heating Oil Futures and the ICE daily settlement price for ICE Low Sulphur Gasoil Bullet Futures.

Market Specifications

Trading Screen Product Name
Heating Oil Diff Futures
Trading Screen Hub Name
HO/LS GO Euro Option (Cash Settled)
Commodity Code
EHL
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 cent ($0.01) 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
Trading shall end one business day prior to the Expiration Date of the ICE Heating Oil Futures contract
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
The reference price will be a price in USD and cents per gallon equal to the difference between the settlement prices as made public by ICE for the Heating Oil Futures contract and the ICE Low Sulphur Gasoil Bullet Futures contract on the Last Trading Day.

Non-Common Pricing Applies

conversion factor: 1 metric tonne = 312.9 gallons
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for ICE
MIC Code
IFED
Clearing Venues
ICEU