- Trading Screen Product Name
- Gasoline Crack Futures
- Trading Screen Hub Name
- Argus Eurobob Non-Oxy FOB Rdam Bg/Brent 1st Line
- Contract Symbol
TET
- Contract Size
1,000 metric tonnes (8,330 bbls)
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of one cent ($0.001) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- 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 barrel based on the difference between 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” and the average of the settlement prices as made
public by ICE for the front month Brent Crude Future for each
business day (as specified below) in the determination period.
Non-Common Pricing applies.
Conversion factor: 1 metric tonne = 8.33 barrels.
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day in
the determination period.
- Business Days
Publication days for Argus European Products and ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU