Biodiesel Outright - D4 RINS (OPIS) Current Year Future69732298
ICE Futures U.S.

Biodiesel Outright - D4 RINS (OPIS) Current Year Future

Description

A monthly cash settled future based on the OPIS daily assessment price for Physically Delivered D4 RINs for the Current Year.

Market Specifications

Trading Screen Product Name
Biodiesel Futures
Trading Screen Hub Name
D4 RINs (OPIS) Current Yr
Contract Symbol
RIK
Contract Size
50,000 RINs
Unit of Trading
Any multiple of 50,000 RINs
Currency
US Dollars and cents
Trading Price Quotation
One hundredth of one cent ($0.0001) per RIN
Settlement Price Quotation
One hundredth of one cent ($0.0001) per RIN
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per RIN
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 RIN based on the average of the mean of the high and low quotations appearing in the "OPIS Ethanol & Gasoline Component Spot Market Prices" report under the heading "US RINs" subheading "US Biodiesel RINs" for “Current Yr” 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 OPIS Ethanol and Biodiesel Information Service
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

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Ref bbl
Physical
RIK
Logical
RIK
GMI (FC)
LF