Gulf Coast HSFO (Platts) Crack Spread Futures - Contract Specs
| Contract Unit | 1,000 U.S. barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| 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 | $0.01 per barrel |
| Product Code | CME Globex: MGH CME ClearPort: MG Clearing: MG |
| Listed Contracts | Monthly contracts listed for 36 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | For all contract months prior to January 2017 The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from Platts Oilgram Price Report for Gulf Coast No. 6 3.0%S (Waterborne) Fuel Oil minus the settlement price for NYMEX Light Sweet Crude Oil Futures first nearby contract month for each business day that both are determined during the contract month. For all contract months commencing with January 2017 and beyond The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from Platts Oilgram Price Report for Gulf Coast HSFO minus the settlement price for NYMEX Light Sweet Crude Oil Futures first nearby contract month for each business day that both are determined during the contract month. |
| Termination of Trading | Trading shall cease on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
