USGC Marine Fuel 0.5% Barges (Platts) BALMO Futures - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 |
| Product Code | CME Globex: H5B CME ClearPort: H5B Clearing: H5B |
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months. No BALMO contracts listed with a start date within the final 5 business days of the contract month. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/barrel quotations from Platts Oilgram Price Report for “Marine Fuel 0.5%” under the heading U.S. Gulf Coast assessment 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 |
