- Trading Screen Product Name
- Biodiesel Futures
- Trading Screen Hub Name
- Methanol T2 FOB Rotterdam (ICIS)
- Contract Symbol
BMN
- Contract Size
100 metric tonnes
- Unit of Trading
Any multiple of 100 metric tonnes
- Currency
Euros and eurocents
- Trading Price Quotation
One eurocent ($0.01) per metric tonne
- Settlement Price Quotation
One tenth of one eurocent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one eurocent ($0.001) per metric tonne
- Last Trading Day
Last Friday of the contract month. If such Friday is not a business
day then the Last Trading Day will be the business day prior that
is the same as the publication date of the ICIS Methanol (Europe)
Report.
The December contract month Last Trading Day will be the Friday
prior to Christmas Day if Christmas Day falls on Saturday, Sunday,
Monday, Tuesday or Wednesday.
If Christmas Day falls on a Thursday, then the Last Trading Day
will be 26 December.
If Christmas Day falls on a Friday, then the Last Trading Day will
be 24 December
- 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 Euros and eurocents per metric tonne based on the average of the
mean of the high and low quotations appearing in the weekly
“ICIS Methanol (Europe)” report under the heading
“Spot Prices” subheading “Price Range”
for“Methanol FOB R’dam T2” for 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 ICIS Methanol (Europe) weekly.
- MIC Code
- IFEU
- Clearing Venues
- ICEU