Biodiesel Outright - US Gulf Coast Used Cooking Oil (Fastmarkets) Future

ICE Futures U.S.

A monthly cash settled future based on the Fastmarkets daily assessment price for US Gulf Coast Used Cooking Oil.

Trading Screen Product Name: Biodiesel Futures
Trading Screen Hub Name: USGC UCO (Fastmarkets)
Contract Symbol: UGC
Contract Size: 60,000 pounds
Unit of Trading: Any multiple of 60,000 pounds
Currency: US Dollars and cents
Trading Price Quotation: One hundredth of one cent ($0.0001) per pound
Settlement Price Quotation: One hundredth of one cent ($0.0001) per pound
Minimum Price Fluctuation: One hundredth of one cent ($0.0001) per pound
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 Price Quotation: In respect of final settlement, the Floating Price will be a price in USD and cents per pound based on the average of the high & low “Latest Price” quotations appearing in the “Fastmarkets The Jacobsen” report under the heading “Animal Fats & Oils” subheading “Used Cooking Oil (UCO) (cents/lb)” for “Gulf Delivered” 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 Fastmarkets The Jacobsen Report
MIC Code: IFED
Clearing Venues: ICEU

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