New York Harbor Residual Fuel (Platts) Crack Spread Futures Contract Specs

Futures

Contract Unit	1,000 U.S. 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	$0.01 per barrel
Product Code	CME Globex: AML CME ClearPort: ML Clearing: ML
Listed Contracts	36 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 between the high and low quotations from Platts Oilgram Price Report for New York No. 6 1%S Max Fuel (Waterborne Cargo) minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price for each business day that both are determined during the contract month.
Termination Of Trading	Trading shall cease on the last business day of the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 615
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing

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