- Trading Screen Product Name
- (RBOB) Gasoline/LS Gas Oil Spr
- Trading Screen Hub Name
- NYH (RBOB)
- Unit of Trading
The minimum NYH (RBOB) Gasoline/Low Sulphur Gasoil Futures Spread
quantity is 4 lots (made up of 3 NYH (RBOB) Gasoline lots & 4
Low Sulphur Gasoil lots). The NYH (RBOB) Gasoline/Low Sulphur
Gasoil Futures Spread trades in 4 lot increments. The LS Gasoil
(traded in metric tonnes) is converted into a price per gallon
using a conversion factor of 312.9. To convert Low Sulphur Gasoil
into US Dollars/gallon simply divide the price by 312.9.
The conversion factor of 312.9 is derived from 2 conversions:
Metric Tonnes to Barrels (1:7.45)
Barrels to Gallons (1:42)
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent ($0.0001) per gallon
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per gallon
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per gallon
- Maximum Price Fluctuation
There are no limits.
- Contract Series
Up to 36 consecutive months forward
- Clearing
The Clearing House guarantees financial performance of all ICE
Futures contracts registered with it by its clearing members. All
ICE Futures Member companies are either members of the Clearing
House or have a clearing agreement with a Member who is a member of
the Clearing House.
- Position Limit
Terms are deferred to the contracts referenced by the leg markets.
- Last Trading Day
Trading shall cease at the end of the designated settlement period
on the penultimate US business day of the month preceding the
contract month.
- Final Settlement
Trading the NYH (RBOB) Gasoline/Low Sulphur Gasoil Futures Spread
will result in two separate positions in the underlying futures
markets for NYH (RBOB) Gasoline and Low Sulphur Gasoil. The
settlement of each leg will be respective expiry of the NYH (RBOB)
Gasoline and Low Sulphur Gasoil futures contracts as made public by
ICE Futures Europe. Upon expiry of the NYH (RBOB) Gasoline leg,
holders of a NYH (RBOB) Gasoline/Low Sulphur Gasoil Futures Spread
trade will then be left with a long or short position in the LS
Gasoil market which will then be settled on expiry of the relevant
underlying LS Gasoil futures contract.
ICE LS Gasoil futures expiry: Trading shall cease at 12:00 hours,
2 business days prior to the 14th calendar day of the delivery.
The weighted average price of trades is determined during a two
minute settlement period from 16:28:00 to 16:30:00, London
time.
ICE NYH (RBOB) Gasoline futures expiry: Trading shall cease at the
end of the designated settlement period on the penultimate US
business day of the month preceding the delivery.
- MIC Code
- IFEU
- Clearing Venues
- ICEU