- Trading Screen Product Name
- Gasoline Diff Futures
- Trading Screen Hub Name
- Premium Unl 10ppm FOB Med Cg (Platts)/Argus Eurobob Non-Oxy FOB Rdam Bg
- Contract Symbol
TES
- 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 difference between
the average of the “Mid” quotations appearing in the
"Platts European Marketscan" under the heading "Mediterranean
cargoes" subheading "FOB Med (Italy)" for "Prem Unl 10 ppm" and the
average of the mean of the high and low quotations appearing in the
“Argus European Products” report under the heading
“Northwest Europe light products” for “Eurobob
non-oxy” for each business day (as specified below) in the
determination period.
Non-common pricing applies.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day in
the determination period.
- Business Days
Publication days for Platts European Marketscan and Argus European
Products
- MIC Code
- IFEU
- Clearing Venues
- ICEU