Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barges Balmo Mini Future42950222
ICE Futures U.S.
Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barges Balmo Mini Future
Description
A balance of the month cash settled mini future based on the difference between the ICE daily settlement price for RBOB Gasoline 1st Line Future and the Argus daily assessment price for Eurobob Oxy FOB Rotterdam Barges.
Market Specifications
- Trading Screen Product Name
- Gasoline Diff Futures (balmo)
- Trading Screen Hub Name
- RBOB 1st Line/Argus Eurobob Oxy FOB Rdam Bg Mini
- Contract Symbol
- GDR
- Contract Size
- 100 metric tonnes (34,986 gallons)
- Unit of Trading
- Any multiple of 100 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One hundredth of one cent (¢0.01) per gallon
- Settlement Price Quotation
- One thousandth of one cent (¢0.001) per gallon
- Minimum Price Fluctuation
- One thousandth of one cent (¢0.001) per gallon
- 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 gallon based on the difference between the average of the settlement prices as made public by the ICE for the RBOB Gasoline 1st Line Future and the average of the mean of the high and low quotations appearing in the “Argus European Products Report” under the heading “Northwest Europe light products” subheading “barge” for “Eurobob oxy” for each business day (as specified below) in the determination period.
conversion factor: 1 metric tonne = 349.86 gallons - Contract Series
- Up to 2 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Argus European Products Report
- MIC Code
- IFED
- Clearing Venues
- ICEU
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Codes
- Clearing Admin Name
- Am Ref Diff mt
- Physical
- GDR
- Logical
- GDR
- GMI (FC)
- 8I
- ION A.C.N.
- Symbol Code
- GDR