- Trading Screen Product Name
- Heating Oil Arb Futures (balmo)
- Trading Screen Hub Name
- HO 1st Line/LS GO 1st Line
- Contract Symbol
UL9
- Contract Size
1,000 barrels (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per gallon
- Settlement Price Quotation
One hundredth of one cent ($ 0.0001) per gallon
- Minimum Price Fluctuation
One hundredth of one cent ($ 0.0001) per gallon
- 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 NYMEX for the
front month NY Harbor ULSD Future and the average of the settlement
prices as made public by ICE for the front month Low Sulphur Gasoil
Future for each business day (as specified below) in the
determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 312.9 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 ICE and NYMEX
- MIC Code
- IFED
- Clearing Venues
- ICEU