- Trading Screen Product Name
- Biodiesel Diff Futures
- Trading Screen Hub Name
- Argus RED FAME 0 FOB Rdam/LS GO 1st Line
- Contract Symbol
BFZ
- 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 high and low quotations appearing in
the “Argus Biofuels” report under the heading
“Renewable energy directive (RED) spot prices” for
“FAME 0°C CFPP fob Rotterdam” and the average of
the settlement prices as made public by ICE for Gasoil 1st Line
Swap Future for each business day (as specified below) in the
determination period
- 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
- MIC Code
- IFEU
- Clearing Venues
- ICEU