Argus Biodiesel FAME Zero FOB Rotterdam (RED Compliant) Future6753508
ICE Futures Europe
Argus Biodiesel FAME Zero FOB Rotterdam (RED Compliant) Future
Description
A monthly cash settled future based on the Argus daily assessment price for Renewable Energy Directive (RED) compliant FAME 0°C CFPP FOB Rotterdam.
Market Specifications
- Trading Screen Product Name
- Biodiesel Futures
- Trading Screen Hub Name
- Argus RED FAME 0 FOB Rdam Futures
- Contract Symbol
- FAM
- Contract Size
- 1,000 metric tonnes
- Unit of Trading
- Any multiple of 1,000 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per metric tonne
- Settlement Price Quotation
- One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per metric tonne
- 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 metric tonne based on the average of the mean of the high and low quotations appearing in the "Argus Biofuels" report under the heading "Renewable energy directive (RED)spot prices" for "FAME 0°C CFPP fob Rotterdam" for each business day (as specified below) in the determination period.
- Contract Series
- Up to 48 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Argus Biofuels
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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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
- Ref Outright mt
- Physical
- FAM
- Logical
- FAM
- GMI (FC)
- HJ
- ION A.C.N.
- T037
- Symbol Code
- FAM