- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- RVO (OPIS) Mini
- Contract Symbol
BFA
- Contract Size
5,000 gallons
- Unit of Trading
Any multiple of 5,000 gallons
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent ($0.0001) per gallon
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per gallon
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per gallon
- 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 gallon based on the average of the "Mean"
quotations appearing in the "OPIS Carbon Market Report" under the
heading "U.S. RINs (cts/RIN)”, subheading “RVO
(cts/gal)” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 36 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day in
the determination period.
- Business Days
Publication days for OPIS Carbon Market Report
- MIC Code
- IFED
- Clearing Venues
- ICEU