- Trading Screen Product Name
- Gasoline Diff Futures (balmo)
- Trading Screen Hub Name
- RBOB 1st Line/Argus Eurobob Oxy FOB Rdam Bg
- Contract Symbol
GDT
- Contract Size
1,000 metric tonnes (349,860 gallons)
- Unit of Trading
Any multiple of 1,000 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 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 2 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Argus European Products Report and ICE
- MIC Code
- IFED
- Clearing Venues
- ICEU