ICE Futures U.S.

Diesel Diff - Diesel 10PPM FOB ARA Barges (Platts) vs New York Harbour ULSD Future

Diesel Diff - Diesel 10PPM FOB ARA Barges (Platts) vs New York Harbour ULSD Future6753364

Description

A monthly cash settled future based on the difference between the Platts daily assessment price for Diesel 10ppm FOB ARA Barges and the ICE daily settlement price for New York Harbour ULSD Future

Market Specifications

Trading Screen Product Name
Diesel Diff Futures
Trading Screen Hub Name
Diesel 10ppm FOB ARA Bg (Platts)/NYH ULSD
Commodity Code
DFF
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 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 “Mid” quotations appearing in the “Platts European Marketscan” under the heading “Northwest Europe barges” subheading “FOB Rotterdam” for “Diesel 10 ppm*” and the average of the settlement prices as made public by ICE for New York Harbour ULSD Future for each business day (as specified below) in the determination period. conversion factor: 1 metric tonne = 312.9 gallons
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts European Marketscan
MIC Code
IFED
Clearing Venues
ICEU

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

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

Codes

Clearing Admin Name
Am Ref Diff mt
Physical
DFF
Logical
DFF
GMI(FC)
R&N A.C.N.