Diesel Outright – Colonial Pipeline Distillate Line 2 Space (Platts) Balmo Future

ICE Futures U.S.

A balance of the month cash settled future based on the Platts daily assessment price for Colonial Pipeline Gasoline Line Space (Line 2)

Trading Screen Product Name: Diesel Futures
Trading Screen Hub Name: Colonial Pipeline Gasoline L2
Contract Symbol: L2B
Contract Size: 1,000 barrels
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 Business 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: A price in USD and cents per gallon based on the average of the mean of the high and low quotations appearing in the “Platts US Marketscan” under the heading “Gulf Coast” subheading “Houston” and “Colonial Pipeline Distillates Line Space” for “Line 2” for each business day (as specified below) in the determination period
Contract Series: Up to 2 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 Platts US Marketscan
MIC Code: IFED
Clearing Venues: ICEU

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