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ICE Futures Europe

Biodiesel Diff - Argus HVO FOB ARA Range (Class II) vs Low Sulphur Gasoil 1st Line Future

Description

A monthly cash settled future based on the difference between the Argus daily assessment price for Renewable Energy Directive (RED) compliant HVO FOB ARA Range (Class II) and the ICE settlement price for Low Sulphur Gasoil 1st Line Future.

Market Specifications

Trading Screen Product Name
Biodiesel Diff Futures
Trading Screen Hub Name
Argus HVO FOB ARA (Class II)/LS GO 1st Line
Contract Symbol
HVO
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 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 mean of the “Bid” and “Ask” quotations appearing in the “Argus Biofuels” report under the heading “RED hydrotreated vegetable oil (HVO)” for “HVO fob ARA range (Class II)” 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.
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day.
Business Days
Publication days for Argus Biofuels and ICE
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Ref Diffs mt
Physical
HVO
Logical
HVO
GMI (FC)
ION A.C.N.
Symbol Code
HVO