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European Low Sulphur Gasoil (ICE) Calendar Month Future Contract Specs

Contract Unit 100 metric tons
Price Quotation Quoted in U.S. Dollars and cents per metric ton
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 metric ton ($25 per Contract).
CME ClearPort: Quoted in multiples of $0.001 per metric ton ($0.10 per Contract).

The Daily Settlement Price fluctuation is $0.001 per metric ton.

The minimum Final Settlement Price fluctuation is $0.001per metric ton
Product Code CME Globex: QAA
CME ClearPort: QAA
Clearing: QAA
Listed Contracts Consecutive calendar months for the balance of the current calendar year and thereafter consecutive calendar months for one additional full calendar year
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 Floating Price for each Contract month up to and including December 2014 is equal to the arithmetic average of the ICE Gasoil Futures first nearby contract settlement prices for each Business Day that is determined during the Contract month, except as set out below. The Floating Price for each Contract month from January 2015 onwards is equal to the arithmetic average of the ICE Low Sulphur Gasoil Futures first nearby contract settlement prices for each Business Day that is determined during the Contract month. The settlement prices of the first nearby Contract month will be used except on the last day of trading for the expiring ICE Gasoil and or ICE Low Sulphur Gasoil Futures contracts when the settlement prices of the second nearby contracts will be used.
Exchange Rulebook CME Europe Limited Contract Module Chapter BC01
Block Minimum Ten (10)
Vendor Codes Quote Vendor Symbols Listing