Biofuel Outright - Daily Argus RVO Current Year Mini Future

ICE Futures U.S.

A daily cash settled mini future based on the Argus daily assessment price for Renewable Volume Obligation (RVO).

Trading Screen Product Name: Biofuel Futures
Trading Screen Hub Name: Argus RVO Daily Mini
Contract Symbol: BFG
Contract Size: 5,000 gallons
Unit of Trading: Any multiple of 5,000 gallons
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: Second Business Day after the nominal contract date
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 average of the “Price” quotations appearing in the "Argus Americas Biofuels" report under the heading "RINs” for “RVO” for each business day (as specified below) in the determination period.
Contract Series: Up to 130 consecutive days, 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
MIC Code: IFED
Clearing Venues: ICEU

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