Ethanol Outright - Argus T2 Ethanol FOB ARA Range (RED Compliant) Balmo Future83049960
ICE Futures Europe
Ethanol Outright - Argus T2 Ethanol FOB ARA Range (RED Compliant) Balmo Future
Description
A balance of the month cash settled future based on the Argus daily assessment price for Renewable Energy Directive (RED) compliant T2 Ethanol FOB ARA Range (including duty).
Market Specifications
- Trading Screen Product Name
- Ethanol Futures (balmo)
- Trading Screen Hub Name
- Argus T2 Ethanol FOB ARA Rng (RED)
- Contract Symbol
- EFS
- Contract Size
- 100 cubic metres
- Unit of Trading
- Any multiple of 100 cubic metres
- Currency
- Euros and euro cents
- Trading Price Quotation
- One eurocent (€0.01) per cubic metre
- Settlement Price Quotation
- One tenth of one eurocent (Eur 0.001) per cubic metre
- Minimum Price Fluctuation
- One tenth of one eurocent (Eur 0.001) per cubic metre
- 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
- In respect of final settlement, the Floating Price will be a price in Euros and eurocents per cubic metre based on the average of the mean of the "Bid" and "Ask" quotations appearing in the "Argus Biofuels" report under the heading "Biofuels spot prices" subheading "RED ethanol fob ARA range" for "T2 ethanol incl. duty €/m3" for each business day (as specified below) in the determination period.
- Contract Series
- Up to 2 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 Argus Biofuels
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- RefOut EUR m3
- Physical
- Logical
- GMI (FC)
- ION A.C.N.
- Symbol Code
- EFS