Biofuel Diff - Argus US B99 NYH vs Heating Oil 1st Line Future82471470
ICE Futures U.S.
Biofuel Diff - Argus US B99 NYH vs Heating Oil 1st Line Future
Description
A monthly cash settled future based on the difference between the Argus daily assessment price for US B99 NYH and the ICE settlement price for Heating Oil 1st Line Future.
Market Specifications
- Trading Screen Product Name
- Biofuel Diff Futures
- Trading Screen Hub Name
- Argus US B99 NYH/HO 1st Line
- Contract Symbol
- B9N
- 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 “Low-high price” quotations appearing in the "Argus Americas Biofuels" report under the heading “Biodiesel” subheading “US B99” for “ NYH c/USG” and the average of the settlement prices as made public by NYMEX for the front month NY Harbor ULSD 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 Americas Biofuels and NYMEX
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Am Ref Diff bbl
- Physical
- B9N
- Logical
- B9N
- GMI (FC)
- ION A.C.N.
- Symbol Code
- B9N