USGC Marine Fuel 0.5% Barges (Platts) (mt) BALMO
Futures
USGC Marine Fuel 0.5% Barges (Platts) (mt) BALMO Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 0.001 per metric ton = $1.00 |
| Product Code | CME Globex: UPB CME ClearPort: UPB Clearing: UPB |
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months. BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.List a new contract month following the nearby expiry. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance of month arithmetic average of the “$/metric ton” quotations from the Platts US Marketscan under the heading “Marine Fuel” for “0.5% FOB US Gulf Coast barge” starting from the selected start date through the end of the contract month, inclusive. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
