|Contract Unit||1,000 metric tons|
|Price Quotation||U.S. dollars and cents per metric ton|
|Trading Hours||Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)|
|Minimum Price Fluctuation||0.001 per metric ton = $1.00|
|Product Code||CME Globex: SRBCME ClearPort: SRBClearing: SRB|
|Listed Contracts||Monthly BALMO contracts listed for 3 consecutive months. BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.|
|Settlement Method||Financially Settled|
|Floating Price||The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/mt quotations from the Platts Asia-Pacific Marketscan under the heading "Marine Fuel" for “0.5% FOB Singapore cargo” minus the balance of month arithmetic average of the $/mt quotations from the Platts European Marketscan under the heading "Marine Fuel” for “0.5% FOB Rotterdam barge" from the selected start date through the end of the contract month, inclusive.
The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the balance of month average for each component leg of the spread shall be calculated by using all days on which the prices are published in the month (from the selected start date through the end of the contract month, inclusive) for each component leg of the spread, followed by the calculation of the spread differential between the two averages.
|Termination Of Trading||Trading terminates on the last business day of the contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 1420|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|