De minimis aggregated contracts

De minimis contracts which must be aggregated

A consistent application of UK RTS 21 must be applied by position holders to those contracts which fall into the de minimis regime which applies to new and illiquid contracts that do not reach a minimum level of open interest over a consecutive 3-month period. It is necessary to aggregate together positions in those contracts in the same manner as those on which a position limit has been set in the table for bespoke contracts.

The table below lists the de minimis contracts which should be aggregated together for the purpose of calculating a person’s position and determining whether the de minimis limit of 2,500 lots is complied with.

Key:

* * For the full list of bespoke and de minimis contracts which are aggregated and their VPCs, download the full spreadsheet (XLSX)

Commodity Derivative Name Venue Market Identifier Code (MIC) Name of Trading Venue Venue Product Codes (VPC) Spot month single limit# Other month limit# Unit of measurement Definition of spot month
Argus Euro-BOB OXY FOB Rotterdam Barges VS Platts Naphtha CIF NWE Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE EON*‡ 2,500 2,500 Lots Calendar Month
Biodiesel Outright - Soybean Oil Penultimate Day 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE SOY* 2,500 2,500 Lots Calendar Month
Diesel Crack - ULSD 10ppm CIF NWE Cargoes vs Brent 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE UBN* 2,500 2,500 Lots Calendar Month
Diesel Diff - Diesel 10ppm (UK) CIF NWE Cargoes vs Low Sulphur Gasoil 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULU* 2,500 2,500 Lots Calendar Month
Diesel Diff - Diesel 10ppm CIF NWE (Le Havre) Cargoes vs Low Sulphur Gasoil 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULG* 2,500 2,500 Lots Calendar Month
Diesel Diff - ULSD 10ppm CIF Med Cargoes vs Low Sulphur Gasoil 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULI* 2,500 2,500 Lots Calendar Month
Diesel Outright - Diesel 10PPM FOB ARA Barges (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE DOR*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil - 3.5% CIF MED Cargoes Futures* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE CIM* 2,500 2,500 Lots Calendar Month
Fuel Oil 1% CIF Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE CIF*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil 1% CIF NWE Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE CID*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil 1% FOB Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE OPM*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil 1% FOB NWE Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE CAR*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil 1% FOB Rotterdam Barges Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE FOB*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil 180 CST Singapore Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE SZS*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil 3.5% FOB Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE FOM*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil Diff - Fuel Oil 1% FOB Rotterdam Barges vs 1% FOB NWE Cargoes Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE FBC* 2,500 2,500 Lots Calendar Month
Fuel Oil Diff - Fuel Oil 180 CST Singapore vs 3.5% FOB Rotterdam Barges Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE SFS* 2,500 2,500 Lots Calendar Month
Fuel Oil Diff - Fuel Oil 180 CST Singapore vs 380 CST Singapore Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE STS* 2,500 2,500 Lots Calendar Month
Fuel Oil Diff - Fuel Oil 3.5% FOB Med Cargoes vs 3.5% FOB Rotterdam Barges Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE NVS*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil Outright - Middle East Fuel Oil 180 CST FOB Arab Gulf (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE MEA*‡ 2,500 2,500 Lots Calendar Month
Fuel Oil Outright- Middle East Fuel Oil 380 CST FOB Arab Gulf (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ME2*‡ 2,500 2,500 Lots Calendar Month
Gasoil 0.1% CIF Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GCM*‡ 2,500 2,500 Lots Calendar Month
Gasoil 0.1% CIF NWE Cargoes Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GCW* 2,500 2,500 Lots Calendar Month
Gasoil 0.1% FOB Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GOM*‡ 2,500 2,500 Lots Calendar Month
Gasoil 50ppm FOB Rotterdam Barges Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GSA* 2,500 2,500 Lots Calendar Month
Gasoil Crack - Low Sulphur Gasoil 1st Line vs Brent 1st Line Future (in MTs)* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULC* 2,500 2,500 Lots Calendar Month
Gasoil Diff - Gasoil 0.1% CIF Med Cargoes vs Low Sulphur Gasoil 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULQ* 2,500 2,500 Lots Calendar Month
Gasoil Diff - Gasoil 0.1% CIF NWE Cargoes vs Low Sulphur Gasoil 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULT* 2,500 2,500 Lots Calendar Month
Gasoil Diff - Gasoil 0.1% FOB ARA Barges (Platts) vs Low Sulphur Gasoil 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULR* 2,500 2,500 Lots Calendar Month
Gasoil Outright - Gasoil 0.1% FOB ARA Barges (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GOF*‡ 2,500 2,500 Lots Calendar Month
Gasoil Outright - Middle East Gasoil FOB Arab Gulf (Platts) Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GCQ* 2,500 2,500 Lots Calendar Month
Gasoline - Singapore Mogas 97 Unleaded (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE SMS*‡ 2,500 2,500 Lots Calendar Month
Gasoline Crack - Argus Euro-Bob Oxy FOB Rotterdam Barges vs Brent 1st Line Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE EOB* 2,500 2,500 Lots Calendar Month
Gasoline Diff - Premium Unleaded Gasoline 10ppm FOB Med Cargoes (Platts) vs Argus Eurobob Oxy FOB Rotterdam Barges Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GDE*‡ 2,500 2,500 Lots Calendar Month
Gasoline Outright - Premium Unleaded Gasoline 10ppm FOB Rotterdam Barges (Platts) Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE GDI* 2,500 2,500 Lots Calendar Month
Indo sub-bit. Coal Futures* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE SUB* 2,500 2,500 Lots Calendar Month
Iron Ore 62% FE (TSI), CFR Tianjin Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE IOC* 2,500 2,500 Lots Calendar Month
Jet CIF NWE Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE JCN*‡ 2,500 2,500 Lots Calendar Month
Jet Fuel Crack - Jet CIF NWE Cargoes vs Brent 1st Line Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE JNB*‡ 2,500 2,500 Lots Calendar Month
Jet Fuel Diff - Jet FOB Rotterdam Barges vs Jet CIF NWE Cargoes Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE JRJ* 2,500 2,500 Lots Calendar Month
Jet Fuel Outright - Jet FOB MED Cargoes (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE JCP*‡ 2,500 2,500 Lots Calendar Month
LPG (BLGP) FFA - Middle East Gulf to East 44,000Mts (Baltic) Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WAT* 2,500 2,500 Lots Calendar Month
Naphtha Crack - Naphtha C+F Japan (Platts) vs Brent 1st Line Future (in Bbls)* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE NBG* 2,500 2,500 Lots Calendar Month
Naphtha FOB Med Cargoes (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE NIT*‡ 2,500 2,500 Lots Calendar Month
Premium Unleaded Gasoline 10ppm FOB Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE UCB*‡ 2,500 2,500 Lots Calendar Month
Singapore Mogas 95 Unleaded (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE SMF*‡ 2,500 2,500 Lots Calendar Month
Singapore Naphtha Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE NPT*‡ 2,500 2,500 Lots Calendar Month
TC12 FFA - WCI to Japan (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE TCN*‡ 2,500 2,500 Lots Calendar Month
TC14 FFA - USGC to Continent (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WCN*‡ 2,500 2,500 Lots Calendar Month
TC15 FFA - Med to Far East (Baltic) Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE TCM* 2,500 2,500 Lots Calendar Month
TC2 FFA - Northwest Europe to USAC (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WNU*‡ 2,500 2,500 Lots Calendar Month
TC5 FFA - Arabian Gulf to Japan (Platts) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WMJ*‡ 2,500 2,500 Lots Calendar Month
TC6 FFA - Skikda to Lavera (Cross Med) (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WSL*‡ 2,500 2,500 Lots Calendar Month
TC7 FFA-Singapore to EC Australia (Baltic) Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE TC7* 2,500 2,500 Lots Calendar Month
TC9 FFA - Baltic to UK-Continent (Baltic) Future* IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE TC9* 2,500 2,500 Lots Calendar Month
TD19 Cross Med (Ceyhan to Lavera) (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WCL*‡ 2,500 2,500 Lots Calendar Month
TD20 West Africa to UK-Continent (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WAC*‡ 2,500 2,500 Lots Calendar Month
TD7 FFA UK North Sea to Continent (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WNC*‡ 2,500 2,500 Lots Calendar Month
TD8 FFA - Kuwait to Singapore (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE TDK*‡ 2,500 2,500 Lots Calendar Month
TD9 FFA - Caribbean to US Gulf (Baltic) Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE WDC*‡ 2,500 2,500 Lots Calendar Month
ULSD 10ppm CIF Med Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE UCM*‡ 2,500 2,500 Lots Calendar Month
ULSD 10ppm CIF NWE Cargoes Future*‡ IFEU INTERCONTINENTAL EXCHANGE - ICE FUTURES EUROPE ULN*‡ 2,500 2,500 Lots Calendar Month