- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- 180cst Sing/3.5% FOB Rdam Bg
- Contract Symbol
SFS
- Rule Number
1386
- 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 ($0.01) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the "Mid" quotations appearing in the "Platts
Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia
Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180
CST ($/mt)" and the average of the "Mid" quotations appearing in
the "Platts European Marketscan" under the heading "Northwest
Europe barges" subheading "FOB Rotterdam" for "Fuel Oil 3.5%" for
each business day (as specified below) in the determination period.
- Contract Series
Up to 60 consecutive months, or as otherwise determined by the SEF
- Final Payment Date
Fourteen (14) Calendar Days after each settlement date via wire
transfer or Federal funds
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan and
Platts European Marketscan
- Other Terms
To be confirmed directly between the parties in their full form of
contract. The terms reflected in such contracts shall be
controlling.
- MIC Code
- ICES
- Clearing Venues
- Bilateral