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European Ethanol T2 fob Rotterdam Inc Duty (Platts) Calendar Month Future Contract Specs

Contract Unit 100 cubic metres
Price Quotation Quoted in Euro and cents per cubic metre
Trading Hours Sunday - Friday 23:00 hours - 22:00 hours London time. Friday close at 22:00 hours and reopens at 23:00 hours London time on Sunday.
Minimum Price Fluctuation CME Globex: Quoted in multiples of €0.25 per cubic metre (€25 per Contract).

CME ClearPort: Quoted in multiples of €0.001 per cubic metre (€0.10 per Contract).

The Daily Settlement Price fluctuation is €0.001 per cubic metre.

The minimum Final Settlement Price fluctuation is €0.001 per cubic metre
Product Code CME Globex: Z1A
CME ClearPort: Z1A
Clearing: Z1A
Listed Contracts 24 consecutive calendar months.
Settlement Method Financially Settled
Termination Of Trading Trading terminates on the last Business Day of the Contract month at 16:30 hours London time
Settlement Procedures Settlement prices established at 17:30 hours London time

The Final Settlement Price shall be equal to the arithmetic average of midpoint between the high and low quotations published daily in Platts Biofuelscan for Ethanol T2 FOB Rotterdam (Eur/cu m) for each Business Day that is determined during the Contract month.
 
Exchange Rulebook CME Europe Limited Contract Module Chapter BB01
Block Minimum Five (5)
Vendor Codes Quote Vendor Symbols Listing