Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Mini Future (in bbls)31687087
ICE Futures Europe
Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Mini Future (in bbls)
Description
A monthly cash settled mini future based on the difference between the ICE daily settlement price for Low Sulphur Gasoil 1st Line Future and the ICE daily settlement price for Brent 1st Line Future (in bbls).
Market Specifications
- Trading Screen Product Name
- Gasoil Crack Futures (bbl)
- Trading Screen Hub Name
- LS GO 1st Line/Brent 1st Line Mini
- Contract Symbol
- LVB
- Contract Size
- 100 barrels
- Unit of Trading
- Any multiple of 100 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per barrel
- Settlement Price Quotation
- One hundredth of one cent ($0.0001) per barrel
- Minimum Price Fluctuation
- One hundredth of one cent ($0.0001) per barrel
- Last Trading Day
- Last Business 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 barrel based on the difference between the average of the settlement prices as made public by ICE for the front month ICE Low Sulphur Gasoil 1st Line Future and the average of the settlement prices as made public by ICE for the front month Brent 1st Line Future for each business day (as specified below) in the determination period.
conversion factor: 1 metric tonne = 7.45 barrels. - Roll Adjust Provision
- In order to use the correct Floating Price quotations, the nearby month quotation for ICE Brent Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract.
- Contract Series
- Up to 72 consecutive months
- Payment Dates
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
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 | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Cracks bbl
- Physical
- LVB
- Logical
- LVB
- GMI (FC)
- 1E
- ION A.C.N.
- Symbol Code
- LVB