Biodiesel Diff – Soybean Oil Penultimate Day 1st Line vs Low Sulphur Gasoil 1st Line Future55968342

Description

A cash settled future based on the difference between the ICE settlement price for Soybean Oil Penultimate Day 1st Line Future and the ICE settlement price for Low Sulphur Gasoil 1st Line Future.

Market Specifications

Trading Screen Product Name
Biodiesel Diff Futures
Trading Screen Hub Name
Soybean Oil Pen 1st Line/LS GO 1st Line
Commodity Code
TMG
Contract Size
100 metric tonnes (220,462 pounds)
Unit of Trading
Any multiple of 100 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 average of the settlement prices as made public by ICE for the front month Soybean Oil Future and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day (as specified below) in the determination period. Non-Common Pricing applies.

conversion factor: 1 metric tonne = 2,204.62 pounds (lb).
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby month quotation for ICE Low Sulphur Gasoil Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract.
Business Days
Publication days for Platts US Marketscan
Linked Future
Yes
MIC Code
IFEU
Clearing Venues
ICEU
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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

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

Codes

Clearing Admin Name
Ref Diffs mt
Physical
TMG
Logical
TMG
GMI(FC)
R&N A.C.N.