The CME Group will establish clearing services for the OTC Ethanol Gulf Coast Basis Swap on
Please view the following specifications for OTC Ethanol Gulf Coast Basis Swap:
Ticker Symbol:
OTC: GCB
QVS Product Grouping:
Promotional
Trading Unit:
14,500 gallons
Clearing Hours:
Electronic, 6:36 p.m. to 4:00 p.m.,
Contract Month Cycle:
For each listed Ethanol futures contract, list a corresponding Gulf Coast Basis Swap. For example, if a November 07 Ethanol futures contract is listed, then a November 07 Gulf Coast Basis Swap would also be listed.
Min. Price Fluctuation:
$.001/gal = $14.50 per contract
Max. Price Fluctuation:
None
Daily Price Limits and
No daily price limits; no dynamic price limits
Position Limits:
None
Last Trading Day:
Last business day of the month preceding the contract month
Expiration:
9:00 a.m.
Delivery Standards/Exercise Procedures:
Cash settled
ITC Fractional Indicator:
3
ITC Price Formats:
0000620
0000621
0000622
0000623
ITC Special Settlement Price Format:
0000621
Please contact the Market Data Vendor Help Desk at (312) 341-3163 or cbotvendorsupport@cmegroup.com, if you have any questions.