A monthly cash settled future based on the Platts daily assessment price for 180 CST Singapore Fuel Oil.
|Contract Size||1,000 metric tonnes|
|Unit of Trading||Any multiple of 1,000 metric tonnes|
|Currency||US Dollars and cents|
|Trading Price Quotation||One cent ($0.01) per metric tonne|
|Settlement Price Quotation||One tenth of one cent ($0.001) per metric tonne|
|Minimum Price Fluctuation||One tenth of one cent ($0.001) per metric tonne|
|Last Trading Day||Last Trading Day of the contract month|
|Floating Price||In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.|
|Final Settlement Price||In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period.|
|Contract Series||Up to 60 consecutive months|
|Final Payment Dates||Two Clearing House Business Days following the Last Trading Day|
|Business Days||Publication days for Platts Asia-Pacific/Arab Gulf Marketscan|
**Sunday Pre-Open 5:40 PM ET; Closed on Saturday
NOTE: DST in the US will be different than BST time. See Circular 12138 for temporary trading hours changes.
Clearing Admin NameRef Outright mt