Gulf Coast HSFO (Platts) Crack Spread BALMO Futures Contract Specs

Futures

Contract Unit	1,000 barrels
Price Quotation	U.S. Dollars and Cents per barrel
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 barrel
Product Code	CME Globex: GFC CME ClearPort: GFC Clearing: GFC
Listed Contracts	One month + the following month for 10 business days prior to the start of the contract month
Settlement Method	Financially Settled
Floating Price	For all contract months prior to January 2017 The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point between the high and low quotations from Platts Oilgram Price Report for Gulf Coast No. 6 3.0%S (Waterborne) Fuel Oil minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price starting from the selected start date through the end of the contract month, inclusive. For all contract months commencing with January 2017 and beyond The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point between the high and low quotations from Platts Oilgram Price Report for Gulf Coast HSFO minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price starting from the selected start date through the end of the contract month, inclusive.
Termination Of Trading	Trading shall cease on the last business day of the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 218
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing

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