Ethanol T2 FOB Rotterdam Barges (Platts) Future

ICE Futures Europe

A monthly cash settled future based on the Platts daily assessment price for Ethanol T2 FOB Rotterdam Barges

Trading Screen Product Name: Ethanol Futures
Trading Screen Hub Name: Rotterdam
Contract Symbol: EFR
Contract Size: 100 cubic metres
Unit of Trading: Any multiple of 100 cubic metres
Currency: Euros and euro cents
Trading Price Quotation: One cent (Eur 0.01) per cubic metre
Settlement Price Quotation: One tenth of one eurocent (Eur 0.001) per cubic metre
Minimum Price Fluctuation: One tenth of one eurocent (Eur 0.001) per cubic metre
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 Euros and eurocents per cubic metre based on the average of the mean of the high and low quotations appearing in the “Platts Biofuelscan” under the heading “Platts key daily ethanol assessments” subheading “Northwest Europe” for “Ethanol T2 FOB Rotterdam (€/cu m)” 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 Platts Biofuelscan
MIC Code: IFEU
Clearing Venues: ICEU

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