- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- Argus US B99 NYH
- Contract Symbol
BFD
- Contract Size
1,000 bbls (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 bbls
- 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 of the
“Low-high price” quotations appearing in the "Argus
Americas Biofuels" report under the heading “Biodiesel”
subheading “US B99” for “ NYH c/USG” for
each business day (as specified below) in the determination period.
- Contract Series
Up to 48 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 Argus Americas Biofuels
- MIC Code
- IFED
- Clearing Venues
- ICEU