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Description

A monthly cash settled future based on the difference between the Argus daily assessment price for Gulf Coast CBOB A and the ICE settlement price for RBOB Gasoline 1st Line Future.

Market Specifications

Trading Screen Product Name

Gasoline Diff Futures

Trading Screen Hub Name

Argus GC CBOB A/RBOB 1st Line

Contract Symbol

AJC

Contract Size

1,000 bbls (42,000 gallons)

Unit of Trading

Any multiple of 1,000 bbls

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 difference between the average of the mean of the high and low quotations appearing in the "Argus US Products" report under the heading “Gasoline” subheading “Gulf Coast” and “Colonial” for “Reg CBOB A” prompt cycle minus the average of the settlement prices as made public by NYMEX for the front month RBOB Gasoline Future for each business day (as specified below) in the determination period.

Common Pricing applies.

Contract Series

Up to 48 consecutive months, or as otherwise determined by the Exchange

Final Payment Date

Two Clearing House Business Days following the Last Trading Day in the determination period.

Business Days

Publication days for Argus US Products

MIC Code

IFED

Clearing Venues

ICEU

Trading Hours

Codes