DAILY EUROPEAN 3.5% FUEL OIL BARGES FOB RDAM (PLATTS) FUTURES - CONTRACT SPECS
| Contract Unit | 100 metric tons | ||||
| Price Quotation | U.S. dollars and cents per metric ton | ||||
| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | |
| Minimum Price Fluctuation | $0.001 per metric ton | ||||
| Product Code | CME Globex: FORCME ClearPort: FORClearing: FOR | ||||
| Listed Contracts | ?Monthly contracts listed for 2 consecutive months.? | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract is equal to the daily mid-point between the high and low quotations from the Platts Crude Oil Marketwire for 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" assessment for each business day that it is determined. | ||||
| Termination Of Trading | Trading shall cease at the close of the business day of the daily contract. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 237 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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