55 East 52nd Street

New York, New York 10055

BY ELECTRONIC TRANSMISSION

Submission No. 24-7

January 15, 2024

Mr. Christopher J. Kirkpatrick

Secretary of the Commission

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: Amendments to Transaction and Clearing Fees for ICE Futures U.S. RIN and RVO

Futures and Option on Futures and Related Amendments

Submission Pursuant to Section 5c(c)(1) of the Act and Regulation 40.6(a)

Dear Mr. Kirkpatrick:

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended, and Commission 

Regulation 40.6(a), ICE Futures U.S., Inc. (“Exchange”) self-certifies amendments to the transaction and 

clearing fees for the Exchange’s renewable identification number (“RIN”) and renewable volume 

obligation (“RVO”) contracts. Currently, futures and option on futures with the product set have different 

fee structures. The amendments increase fees in each of the product sets to establish a consistent fee 

structure across the RIN and RVO product sets for both futures and option on futures. A summary of the 

amendments to the fee structure is provided as Exhibit A. All other aspects of the applicable product’s 

terms and conditions remain unchanged. 

The Exchange will make the amendments described herein effective on February 1, 2024, or no

sooner than 10 business days after receipt of this submission by the Commission.

Certifications

The Exchange is not aware of any opposing views to the amendments and certifies that the 

amendments to the fee structure for the products identified herein comply with the requirements of the 

Act and the rules and regulations promulgated thereunder. The Exchange has reviewed the designated 

contract market core principles ("Core Principles") as set forth in the Act and has determined that the 

amendments comply with the following relevant Core Principles:

COMPLIANCE WITH RULES
The fee structure applicable RIN and RVO futures and option on futures contracts are set forth on 

the Exchange’s website. In addition, trading of the contracts continues to be subject to all relevant 

Exchange rules which are enforced by the Market Regulation Department. 

AVAILABILITY OF GENERAL INFORMATION

The amended fees related to the applicable RIN and RVO futures and option on futures contracts

will be available on the Exchange’s website for public view, consistent with Regulation 38.400.

CONTRACTS NOT READILY SUBJECT TO MANIPULATION

The applicable RIN and RVO futures and option on futures are not readily subject to manipulation 

as they are based on established and liquid underlying cash markets. In addition, trading of the 

contract continues to be monitored by the Market Regulation Department. 

FINANCIAL INTEGRITY OF CONTRACTS

The applicable RIN and RVO futures and option on futures contracts will continue to be cleared 

by ICE Clear Europe, a registered derivatives clearing organization subject to Commission 

regulation, and carried by registered futures commission merchants qualified to handle customer 

business. 

The Exchange further certifies that, concurrent with this filing, a copy of this submission was 

posted on the Exchange’s website, which may be accessed at (https://www.theice.com/futuresus/regulation). If you have any questions or need further information, please contact me at 312-836-6745

or at patrick.swartzer@ice.com.

Sincerely,

Patrick Swartzer

Director

Market Regulation

Enc.

cc: Division of Market Oversight

New York Regional Office
Exhibit A

Screen ICE Clear EU Screen ICE Clear EU Block, EFS

Crude Oil and Refined Futures Products Commodity Code Futures Fee (per lot) Fee (per lot) Fee (per lot) Cash Settle (per lot)

Biofuel Outright - D3 RINs (OPIS) Balmo Future ROT 5.00 [10.00] 15.00 [10.00] 15.00 0.09

Biofuel Outright - D4 RINs (OPIS) Balmo Future ROD 5.00 [10.00] 15.00 [10.00] 15.00 0.09

Biofuel Outright - D5 RINs (OPIS) Balmo Future ROF 5.00 [10.00] 15.00 [10.00] 15.00 0.09

Biofuel Outright - D6 RINs (OPIS) Balmo Future ROS 5.00 [10.00] 15.00 [10.00] 15.00 0.09

Biofuel Outright - Argus RVO Current Year Future RVO [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - D3 RINs (OPIS) Current Year Future BFH [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - D4 RINS (OPIS) Current Year Future RIK [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - D5 RINs (OPIS) Current Year Future BFI [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - D6 RINs (OPIS) Future RIN [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - RVO (OPIS) Current Year Future RVB [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - Argus RVO Current Year Balmo Future BFF [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - Daily Argus RVO Current Year Future BFC [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - RVO (OPIS) Current Year Balmo Future BFE [3.75] 5.00 [1.34] 15.00 [1.34] 15.00 0.09

Biofuel Outright - Argus RVO Current Year Balmo Mini Future BFK [0.375] 0.500 [0.134] 1.500 [0.134] 1.500 0.009

Biofuel Outright - Daily Argus RVO Current Year Mini Future BFG [0.375] 0.500 [0.134] 1.500 [0.134] 1.500 0.009

Biofuel Outright - RVO (OPIS) Current Year Balmo Mini Future BFJ [0.375] 0.500 [0.134] 1.500 [0.134] 1.500 0.009

Biofuel Outright - RVO (OPIS) Current Year Mini Future BFA [0.375] 0.500 [0.134] 1.500 [0.134] 1.500 0.009

Biofuel Outright - Argus RVO Current Year Mini BFB [0.375] 0.500 [0.134] 1.500 [0.134] 1.500 0.009

Screen ICE Clear EU Screen ICE Clear EU Block, EFS

Crude Oil and Refined Options Products Commodity Code Futures Fee (per lot) Fee (per lot) Fee (per lot) Exercise (per Lot)

Biofuel Outright - D4 RINs (OPIS) Average Price Option RIK 5.00 [10.00] 15.00 [10.00] 15.00 0.30

Option on Biofuel Outright - D3 RINs (OPIS) Average Price Option BFH 5.00 [10.00] 15.00 [10.00] 15.00 0.30

Option on Biofuel Outright - D5 RINs (OPIS) Current Year Future BFI 5.00 [10.00] 15.00 [10.00] 15.00 0.30

Option on Biofuel Outright - D6 RINs (OPIS) Average Price Option RIN 5.00 [10.00] 15.00 [10.00] 15.00 0.30