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ULSD 10ppm Cargoes CIF NWE (Platts) vs. New York Harbor ULSD Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation $ per metric tonne
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 metric ton
Product Code CME Globex: EO1
CME ClearPort: EO1
Clearing: EO1
Listed Contracts 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 between the high and low quotations from the Platts European Marketscan under the heading "Northwest Europe cargoes" subheading "CIF NWE/Basis ARA" for ULSD 10ppm minus the first line NY Harbor ULSD Futures settlement price for each business day during the contract month.

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 shall cease on the last London business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1207
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing