Biofuel Outright - Argus RVO Future

ICE Futures U.S.

A monthly cash settled future based on the Argus daily assessment price for the Renewable Volume Obligation (RVO)

Trading Screen Product Name: Biofuel Futures
Trading Screen Hub Name: Argus RVO
Contract Symbol: RVO
Contract Size: 50,000 gallons
Unit of Trading: Any multiple of 50,000 gallons
Currency: US Dollars and cents
Trading Price Quotation: One hundredth of one cent ($0.0001) per gallon
Settlement Price Quotation: One hundredth of one cent ($0.0001) per gallon
Minimum Price Fluctuation: One hundredth of one cent ($0.0001) per gallon
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 gallon based on the average of the “Price” quotations appearing in the "Argus Americas Biofuels" report under the heading "RINs” for “RVO c/USG” for each business day (as specified below) in the determination period.
Contract Series: Up to 36 consecutive months, or as otherwise determined by the Exchange
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: Publication days for Argus Americas Biofuels
MIC Code: IFED
Clearing Venues: ICEU

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