- Trading Screen Product Name
- Biofuel Diff Futures
- Trading Screen Hub Name
- Argus US B99 NYH/NYH ULSHO 1st Line
- Contract Symbol
B99
- 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 ICE for the front month NYH ULSHO Future for the month of
production 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 ICE
- MIC Code
- IFED
- Clearing Venues
- ICEU