- Trading Screen Product Name
- Fuel Oil Futures
- Trading Screen Hub Name
- Argus AC NY Asphalt
- Contract Symbol
NYA
- Contract Size
1,000 bbls
- Unit of Trading
Any multiple of 1,000 bbls
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.0001) per bbl
- Settlement Price Quotation
One tenth of one cent ($0.0001) per bbl
- Minimum Price Fluctuation
One tenth of one cent ($0.0001) per bbl
- Last Trading Day
Last Friday of the contract month. If such Friday is not a business
day then the Last Trading Day will be the business day prior that
is the same as the publication date of Argus Americas Asphalt
report.
- 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 average of the
“High” & “Low” quotations appearing in
the “Argus Americas Asphalt” report under the heading
“US Atlantic Coast” subheading “Asphalt”
for “Waterborne, cif”, “New York” 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
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Argus Americas Asphalt Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU