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Mini ULSD 10ppm Cargoes CIF MED (Platts) vs. Low Sulphur Gasoil 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 0.001 per metric ton = $0.10
Product Code CME Globex: UCM
CME ClearPort: UCM
Clearing: UCM
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year added 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 arithmetic average of the mid-point of the high and low quotations from the Platts European Marketscan for ULSD 10ppm under the heading "Cargoes CIF Med Basis Genoa/Lavera" minus the first line ICE Low Sulphur Gasoil Futures settlement price for each business day during the contract month (using Non-common pricing), except as noted below. The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring ICE Low Sulphur Gasoil Futures contract when the settlement prices of the 2nd nearby contract will be used.
Termination Of Trading Trading terminates on the last London business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 231
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing