ICE Futures U.S.

Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barges Mini Future

Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barges Mini Future 42950221

Description

A monthly cash settled mini future based on the difference between the ICE daily settlement price for RBOB Gasoline 1st Line Future and the Argus daily assessment price for Eurobob Oxy FOB Rotterdam Barges.

Market Specifications

Trading Screen Product Name
Gasoline Diff Futures
Trading Screen Hub Name
RBOB 1st Line/Argus Eurobob Oxy FOB Rdam Bg Mini
Commodity Code
GDQ
Contract Size
100 metric tonnes (34,986 gallons)
Unit of Trading
Any multiple of 100 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One hundredth of one cent (¢0.01) per gallon
Settlement Price Quotation
One thousandth of one cent (¢0.001) per gallon
Minimum Price Fluctuation
One thousandth of one cent (¢0.001) per gallon
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 gallon based on the difference between the average of the settlement prices as made public by the ICE for the RBOB Gasoline 1st Line Future and the average of the mean of the high and low quotations appearing in the “Argus European Products Report” under the heading “Northwest Europe light products” subheading “barge” for “Eurobob oxy” for each business day (as specified below) in the determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 349.86 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 Argus European Products Report
MIC Code
IFED
Clearing Venues
ICEU