- Trading Screen Product Name
- Gasoline Crack Futures (bbl)
- Trading Screen Hub Name
- RBOB 1st Line/Brent 1st Line
- Contract Symbol
RBR
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per barrel
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per barrel
- 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 barrel based on the difference between the
average of the settlement prices as made public by NYMEX for the
front month RBOB Gasoline Future and the average of the settlement
prices as made public by ICE for the front month Brent Future for
each Business Day in the determination period.
Non-Common Pricing applies.
Conversion factor: 1 barrel = 42 gallons
- Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby month quotation for ICE Brent 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.
- Contract Series
Up to 62 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for ICE and NYMEX
- MIC Code
- IFED
- Clearing Venues
- ICEU