- Trading Screen Product Name
- Diesel Diff Futures
- Trading Screen Hub Name
- LA CARB Diesel (OPIS)/HO 1L
- Contract Symbol
HOH
- Contract Size
1,000 barrels (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 barrels
- 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
IIn respect of final settlement, the Floating Price will be a price
in USD and cents per gallon based on the average of the
“Mean” quotations appearing in the “OPIS West
Coast Spot Market Report” report under the heading “Los
Angeles”, subheading “Physical Prices” for
“CARB No.2 and the average of the settlement prices as made
public by NYMEX for the front month NY Harbor ULSD Future for each
business day (as specified below) in the determination period.
- Contract Series
Up to 48 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 OPIS West Coast Spot Market Report.
- MIC Code
- IFED
- Clearing Venues
- ICEU