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
|
0.001 per metric ton = $0.10
|
Product Code
|
CME Globex: FBDCME ClearPort: FBDClearing: FBD
|
Listed Contracts
|
Monthly contracts listed for 24 consecutive months
|
Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from Argus Biofuels publication for FAME 0 under the heading "RED Compliant FAME 0 fob Rotterdam" for each business day that the Floating Price is determined during the contract month. |
Termination Of Trading
|
Trading terminate on the last business day of the contract month.
|
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1147 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |