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European Low Sulphur Gasoil (100mt) Bullet Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

TAS: Sunday - Friday 6:00 p.m. - 2:30 p.m. ET
Minimum Price Fluctuation 0.25 per metric ton = $25.00

TAS: Zero or +/- 10 ticks in the minimum tick increment of the outright
Product Code CME Globex: GLI
CME ClearPort: 7F
Clearing: 7F
TAS: 7FT
Listed Contracts Monthly contracts listed for the current year and the next 6 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the settlement price for the ICE Low Sulphur Gasoil Futures 1st nearby contract that is determined on the penultimate trading day of the ICE Low Sulphur Gasoil contract.
Termination Of Trading Trading terminates 1 business day prior to the termination of trading in ICE Low Sulfphur Gasoil Futures; 3 business day prior to the 14th calendar day of the contract month.
Trade At Marker Or Trade At Settlement Rules Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

Trading at Marker (TAM) is analogous to Trading at Settlement (TAS) wherein parties are permitted to trade at a differential to a not-yet-known price. TAM uses a marker price, whereas TAS uses the Exchange-determined daily settlement price for the underlying futures contract month.

TAS Table
Settlement Procedures European Gasoil Futures Settlement Procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 712
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing