Biodiesel Diff - Argus BioD FAME 0 FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future31687084
ICE Futures Europe
Biodiesel Diff - Argus BioD FAME 0 FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future
Description
A cash settled future based on the difference between the Argus daily assessment price for Renewable Energy Directive (RED) compliant FAME 0°C CFPP FOB ARA range and the ICE daily settlement price for Low Sulphur Gasoil 1st Line Future
Market Specifications
- 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
Related Products
- Biodiesel Diff - Argus UCOME FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future
- Ethanol T2 FOB Rotterdam Barges (Platts) Future
- Biodiesel Diff - Argus Bio-D RME FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future
- Biodiesel Diff - Argus HVO FOB ARA Range (Class II) vs Low Sulphur Gasoil 1st Line Future
- Biodiesel Outright - Argus UCOME FOB ARA Range (Red Compliant) Future
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Diffs mt
- Physical
- BFZ
- Logical
- BFZ
- GMI (FC)
- 3F
- ION A.C.N.
- Symbol Code
- BFZ