- Trading Screen Product Name
- Biodiesel Diff Futures
- Trading Screen Hub Name
- LA RD (OPIS)/HO 1L
- Contract Symbol
RDO
- Contract Size
1,000 barrels (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 barrels
- 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
“Average” quotations appearing in the “OPIS
Biofuels Daily Report” report under the heading
“Renewable Diesel”, subheading “Spot Renewable
Diesel Assessment” for “Los Angeles”, and
“RD 99%” 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.
- Contract Series
Up to 48 consecutive months, or as otherwise determined by the
Exchange
- Business Days
Publication days for OPIS Biofuels Daily Report
- MIC Code
- IFED
- Clearing Venues
- ICEU