Biofuel Outright - Argus RVO Current Year Balmo Mini Future

ICE Futures U.S.

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

Trading Screen Product Name: Biofuel Futures (balmo)
Trading Screen Hub Name: Argus RVO Mini
Contract Symbol: BFK
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: 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 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 2 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
MIC Code: IFED
Clearing Venues: ICEU

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