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Description

A monthly cash settled future based on the difference between the ICE settlement price for RBOB Gasoline 1st Line Future and GX daily assessment price for Eurobob Oxy Gasoline NWE FOB Barges.

Market Specifications

Trading Screen Product Name

Gasoline Diff Futures

Trading Screen Hub Name

RBOB 1st Line/Eurobob Oxy NWE FOB Bg (GX)

Contract Symbol

GRE

Contract Size

1,000 metric tonnes (349,860 gallons)

Unit of Trading

Any multiple of 1,000 metric tonnes (349,860 gallons)

Currency

US Dollars and cents

Trading Price Quotation

One hundredth of one cent (¢0.01) per gallon

Settlement Price Quotation

One thousandth of one cent (¢0.001) per gallon

Minimum Price Fluctuation

One thousandth of one cent (¢0.001) 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 difference between the average of the settlement prices as made public by NYMEX for the front-month RBOB Gasoline Future and the average of the assessments as made public by General Index for “Eurobob Oxy Gasoline NWE FOB Barges” for each business day (as specified below) in the determination period.

Non-Common Pricing applies.

Conversion factor: 1 metric tonne = 349.86 gallons.

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

Publication days for General Index European Refined Products and NYMEX

MIC Code

IFED

Clearing Venues

ICEU

Trading Hours

Codes