ICE Europe: G/ULS Low Sulphur Gasoil Futures [SERIES]
Low Sulphur Gasoil Futures (ICE EU : G/ULS) :
The underlying physical market for Low Sulphur Gasoil is diesel barges delivered in the ARA (Amsterdam, Rotterdam, Antwerp including Flushing and Ghent) region.
Contract Symbol : G
Commodity Code: Physical : G, Logical : ULS
Trading Screen Product Name: LS Gas Oil Futures
Trading Screen Hub Name: ULSD-ARA
ontract Size: 100 metric tonnes
Currency : US Dollars and cents
Unit of Trading : One or more lots of 100 metric tonnes of low sulphur gasoil (10ppm diesel), with delivery by volume namely 118.35 cubic metres per lot being the equivalent of 100 metric tonnes of low sulphur gasoil (10ppm diesel), at a density of 0.845 kg/litre in vacuum at 15 Celsius.
Trading Price Quotation: Twenty-Five cents ($0.25) per metric tonne
Settlement Price Quotation : Twenty-Five cents ($0.25) per metric tonne
Minimum Price Fluctuation: Twenty-Five cents ($0.25) per metric tonne
Settlement: Physical Delivery.
Position Limit : Low Sulphur Gasoil Futures is a physically delivered contract and constraints exist on the delivery capacity of installations in the ARA region.
Trading Hours: New York 8:00 PM - 6:00 PM (20:00 - 18:00). pre-open 7:45 PM (19:45).
London 1:00 AM - 11:00 PM (01:00 - 23:00) pre-open 12:45 AM (00:45).
Singapore 9:00 AM - 7:00 AM (09:00 - 07:00) pre-open 8:45 AM (08:45).
Contract Series: Up to 96 consecutive months
Last Trading Day: Trading shall cease at 12:00 hours London Time, 2 business days prior to the 14th calendar day of the delivery month.
Final Settlement : Physical delivery within the ARA region between 16th and last calendar day of the delivery month.
NCR, RL and IPL Levels : NCR: 5.00, RL: 7.50, IPL: 7.50, 3 second recalculation and 5 second hold periods.