Biodiesel Outright - Argus Rapeseed Oil fob Dutch Mill Future59293832

Description

A monthly cash settled future based on the Argus daily assessment price for Crude Degummed Rapeseed Oil fob Dutch Mill.

Market Specifications

Trading Screen Product Name
Biodiesel Futures
Trading Screen Hub Name
Argus Rapeseed Oil fob Dutch Mill
Commodity Code
ARU
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 metric tonnes
Currency
Euros and euro cents
Trading Price Quotation
One cent (Eur 0.01) per metric tonne
Settlement Price Quotation
One tenth of one eurocent (Eur 0.001) per metric tonne
Minimum Price Fluctuation
One tenth of one eurocent (Eur 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 Euros and eurocents per metric tonne based on the average of the mean of the Bid and Ask quotations appearing in the “Argus Biofuels” report under the heading “Feedstocks” subheading “16:30 assessment” for the first forward strip for “Rapeseed oil fob Dutch Mill” for each business day (as specified below) in the determination period.
Contract Series
Up to 36 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Argus Biofuels
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
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Codes

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