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Description

A monthly cash settled future based on the Argus daily assessment price for Methanol FOB Rotterdam Barges.

Market Specifications

Trading Screen Product Name

Biodiesel Futures

Trading Screen Hub Name

Argus Methanol FOB Rdam Bg

Contract Symbol

BMO

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

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 “Index” quotations appearing in the “Argus Methanol Daily” report under the heading “Methanol prices”, subheading “Europe” for “fob Rotterdam barge” for each business day (as specified below) in the determination period.

Contract Series

Up to 24 consecutive months

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

Publication days for Argus Methanol Daily

MIC Code

IFEU

Clearing Venues

ICEU

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Trading Hours

Codes