Your browser is unsupported

Description

A Low Sulphur Gasoil 12-Month Calendar Spread Bullet Future is used for the purposes of settling the Low Sulphur Gasoil 12-Month Calendar Spread Option.

Market Specifications

Trading Screen Product Name

Gasoil Futures

Trading Screen Hub Name

LS GO CSO 12 Month

Contract Symbol

UUZ

Contract Size

100 metric tonnes

Unit of Trading

Any multiple of 100 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

Trading shall end at the end of the designated settlement period one business day prior to the Expiration Date of the nearby month ICE Low Sulphur Gasoil Futures contract.

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

The reference price will be a price in USD and cents per metric tonne equal to the difference of the nearby ICE Low Sulphur Gasoil Futures contract and the contract month expiring 12 consecutive calendar months later in the ICE Low Sulphur Gasoil Futures contract series.

Contract Series

Up to 60 months

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

Publication days for ICE

MIC Code

IFEU

Clearing Venues

ICEU

Related Products

• Low Sulphur Gasoil Futures
• Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Future (in Bbls)
• Gasoil Diff - Singapore Gasoil (Platts) vs Low Sulphur Gasoil 1st Line Future (in Bbls)
• Low Sulphur Gasoil 1st Line Future
• Jet Fuel Diff - Jet CIF NWE Cargoes vs Low Sulphur Gasoil 1st Line Future
Show More

Trading Hours

Codes