- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- Argus RVO
- Contract Symbol
RVO
- Contract Size
50,000 gallons
- Unit of Trading
Any multiple of 50,000 gallons
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent ($0.0001) per gallon
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per gallon
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per gallon
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per gallon based on the average of the
“Price” quotations appearing in the "Argus Americas
Biofuels" report under the heading "RINs” for “RVO
c/USG” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 36 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Argus Americas Biofuels
- MIC Code
- IFED
- Clearing Venues
- ICEU