ICE Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line (in Bbls)

A monthly cash settled future based on the difference between the ICE settlement price for Heating Oil 1st Line Future and the ICE settlement price for Low Sulphur Gasoil 1st Line Future (in bbls).
Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line (in Bbls) Futures	Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line (in Bbls) Futures 	Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line (in Bbls) Futures 	Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line (in Bbls) Futures
Trading Screen Product Name 	Heating Oil Arb Futures 	Heating Oil Arb Futures 	Heating Oil Arb Futures
Trading Screen Hub Name 	HO 1st Line/LS GO 1st Line 	HO 1st Line/LS GO 1st Line 	HO 1st Line/LS GO 1st Line
Contract Symbol 	ULM 	ULM 	ULM
Contract Size 	1,000 barrels (42,000 gallons) 	1,000 barrels (42,000 gallons) 	1,000 barrels (42,000 gallons)
Unit of Trading 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One hundredth of one cent ($0.0001) per gallon 	One hundredth of one cent ($0.0001) per gallon 	One hundredth of one cent ($0.0001) per gallon
Settlement Price Quotation 	One hundredth of one cent ($0.0001) per gallon 	One hundredth of one cent ($0.0001) per gallon 	One hundredth of one cent ($0.0001) per gallon
Minimum Price Fluctuation 	One hundredth of one cent ($0.0001) per gallon 	One hundredth of one cent ($0.0001) per gallon 	One hundredth of one cent ($0.0001) per gallon
Last Trading Day 	Last Business Day of the contract month 	Last Business Day of the contract month 	Last Business 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. 	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. 	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 USD and cents per gallon based on the difference between the average of the settlement prices as made public by NYMEX for the front month NY Harbor ULSD Future and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day in the determination period. Non-Common Pricing applies. Conversion Factor: 1 metric tonne = 312.9 gallons	In respect of final settlement, the Floating Price will be a price in USD and cents per gallon based on the difference between the average of the settlement prices as made public by NYMEX for the front month NY Harbor ULSD Future and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day in the determination period. Non-Common Pricing applies. Conversion Factor: 1 metric tonne = 312.9 gallons	In respect of final settlement, the Floating Price will be a price in USD and cents per gallon based on the difference between the average of the settlement prices as made public by NYMEX for the front month NY Harbor ULSD Future and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day in the determination period. Non-Common Pricing applies. Conversion Factor: 1 metric tonne = 312.9 gallons
Roll Adjust Provision 	In order to use the correct Floating Price quotations, the nearby month quotation for ICE Low Sulphur Gasoil Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract. 	In order to use the correct Floating Price quotations, the nearby month quotation for ICE Low Sulphur Gasoil Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract. 	In order to use the correct Floating Price quotations, the nearby month quotation for ICE Low Sulphur Gasoil Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract.
Contract Series 	Up to 48 consecutive months 	Up to 48 consecutive months 	Up to 48 consecutive months
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	ICE Business Days 	ICE Business Days 	ICE Business Days
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM*
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM*
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM*
08:50 - 07:00 	8:40 AM
08:40
Trading Hours 	*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Am Ref Diff bbl 	Am Ref Diff bbl
Codes 	Physical 	ULM 	ULM
Codes 	Logical 	ULM 	ULM
Codes 	GMI (FC) 	WG 	WG
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Heating Oil Arb - Heating Oil 1st Line vs Low Sulphur Gasoil 1st Line Future (in Bbls) Product Spec
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