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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)
Minimum Price Fluctuation 0.25 per metric ton = $25.00
Product Code CME Globex: GLI
CME ClearPort: 7F
Clearing: 7F
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 is available for spot (except on the last trading day), 2nd and 3rd months and subject to the existing TAS rules. Trading in all TAS products will cease daily at 11:30 Standard Time (EST). The TAS products will trade off of a "Base Price" of 0 to create a differential (plus or minus 10 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
TAS trading terminates 4 business days before the 14th calendar day of the contract month.
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