Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Future (in Bbls)6753331
ICE Futures Europe
Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Future (in Bbls)
Description
A monthly cash settled future based on the difference between the ICE settlement price for Low Sulphur Gasoil 1st Line Future and the ICE 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
- Contract Symbol
- ULD
- 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 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 barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future and the average of the settlement prices as made public by ICE for the front month Brent Crude Future for each Business Day 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 and ICE Low Sulphur Gasoil Futures specified in the Floating Price terms above will be used except for the expiration date of each 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 74 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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- Low Sulphur Gasoil 1st Line Future
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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 | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Cracks bbl
- Physical
- ULD
- Logical
- ULD
- GMI (FC)
- V>
- ION A.C.N.
- Symbol Code
- ULD