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Description

A monthly cash settled future based on the difference between the daily settlement price for RBOB Gasoline 1st Line Future and the daily settlement price for WTI 1st Line Future.

Market Specifications

Trading Screen Product Name

Gasoline Crack Futures (bbl)

Trading Screen Hub Name

RBOB 1st Line/WTI 1st Line

Contract Symbol

RBW

Contract Size

1,000 barrels

Unit of Trading

Any multiple of 1,000 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 period

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 RBOB Gasoline 1st Line Swap Future and the average of the settlement prices as made public by ICE for the front month WTI 1st Line Swap Future for each Business Day in the determination period. Conversion factor: 1 barrel = 42 gallons

Contract Series

Up to 60 consecutive months

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

ICE Business Days

MIC Code

IFED

Clearing Venues

ICEU

Related Products

• WTI 1st Line Future
• RBOB Gasoline 1st Line Future
• Gasoline Crack - RBOB Gasoline 1st Line vs Brent 1st Line Future (in bbls)
• Heating Oil Crack - Heating Oil 1st Line vs Brent 1st Line Future (in bbls)
• Fuel Oil Crack - USGC HSFO (Platts) vs Brent 1st Line Future
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Trading Hours

Codes