Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrels
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 $0.01 per barrel
Product Code CME Globex: JFC
CME ClearPort: JFC
Clearing: JFC
Listed Contracts Monthly  contracts shall be 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 high and low quotations from the Platts European Marketscan for Jet under the heading "CIF NWE/Basis ARA" minus the ICE Brent Crude Oil Futures first nearby contract settlement price for each business day during the contract month (using Non-common pricing).

For the purpose of determining the Floating Price, the Platts Jet Fuel price assessment will be converted each day to U.S. dollars and cents per barrel rounded to the nearest cent using the conversion factor of 7.88 barrels per metric ton. The settlement price of the first nearby Brent Crude Oil Futures contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement price of the second nearby contract month will be used.

The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using all trading days in the month for each component leg of the spread, followed by the calculation of the spread differential between the two averages.
Termination Of Trading Trading ceases on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1056
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing