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European RME Biodiesel fob ARA (RED Compliant) (Argus) 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 $0.001 per metric ton
Product Code CME Globex: RBA
CME ClearPort: RBA
Clearing: RBA
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 by Argus Media for “RED Rapeseed OME fob ARA range” for each Business Day that is determined during the Contract month.
Exchange Rulebook CME Europe Limited Contract Module Chapter BA04
Block Minimum Ten (10)
Vendor Codes Quote Vendor Symbols Listing