- Trading Screen Product Name
- Gasoline Crack Futures
- Trading Screen Hub Name
- Argus Eurobob Non-Oxy FOB Rdam Bg/Brent 1st Line (bbl) Mini
- Contract Symbol
MHU
- Contract Size
100 barrels
- Unit of Trading
Any multiple of 100 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of one cent ($0.001) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- 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 barrel based on the difference between the
average of the mean of the high and low quotations appearing in the
“Argus European Products” report under the heading
“Northwest Europe light products” for “Eurobob
non-oxy” and the average of the settlement prices as made
public by ICE for the front month Brent Crude Future for each
business day (as specified below) in the determination period.
Non-Common Pricing applies.
Conversion factor: 1 metric tonne = 8.33 barrels.
- Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Brent Futures specified in the Floating
Price terms above will be used except for the expiration date of
the commodity's underlying delivery month's futures contract. On
such date, the applicable pricing quotation will be rolled to the
following month's futures contract.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day in
the determination period.
- Business Days
Publication days for Argus European Products and ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU