- Trading Screen Product Name
- Heating Oil Arb Futures (mt)
- Trading Screen Hub Name
- HO 1st Line/LS GO 1st Line
- Contract Symbol
ULL
- 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 Business 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 NYMEX for the
front month NY Harbor ULSD 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 = 312.9 gallons.
- Roll Adjust Provision
The nearby month quotation for ICE Low Sulphur Gasoil Futures 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 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
ICE Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU