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NY Harbor ULSD vs. Gasoil Futures Contract Specs

    Please note that effective the January 2015 contract month, the floating price reference for this contract will be the ICE Low Sulphur Gasoil Futures 1st nearby contract settlement. For further details click here

Product Symbol Globex: HAB
Clearing: HA
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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
Minimum Fluctuation $0.0001 per gallon
Floating Price The Floating Price for each contract month up to and including the December 2014 contract month is equal to t he arithmetic average of the NY Harbor ULSD Futures first nearby settlement price minus the first line ICE Gasoil Futures settlement price for each business day during the contract month (using Non - common pricing).

The Floating Price for each contract month, for January 2015 and beyond is equal to the arithmetic average of the NY Harbor ULSD Futures first nearby settlement price minus the first line ICE Low Sulphur Gasoil Futures settlement price for each business day during the contract month (using Non - common pricing).

For purposes of determining the Floating Price, the ICE Gasoil and or ICE Low Sulphur Gasoil Futures first nearby contract month settlement price will be converted each day to U.S. dollars and cents per gallon, rounded to the nearest cent. The conversion factor will be 7.45 barrels per metric ton.

(B) The settlement prices for 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 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 Monthly contracts up to and including December 2014
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 725
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.