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ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures Contract Specs

Product Symbol CME Globex: ATP
CME ClearPort: TP
Open Outcry: TP
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
Floating Price

The Floating Price for each contract month is equal to the arithmetic average of the mid - point between the high and low quotations from the Platts European Marketscan for ULSD10ppm under the heading "Cargoes CIF NWE Basis ARA" minus the first line ICE Low Sulphur Gasoil Futures settlement price for each business day during the contract month (using Non - common pricing), except as noted below.

The settlement prices of the first nearby contract month will be used except on the last day of trading for the expiring ICE Low Sulphur Gasoil Futures contract when the settlement prices of the second nearby ICE Low Sulphur Gasoil contract will be used.

Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts The current year plus the next two calendar years.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 539
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.