Singapore Mogas 92 Unleaded vs Brent 1st Line Future19118099

Description

A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Mogas Gasoline 92 unleaded and the ICE daily settlement price for Brent 1st Line Swap Future.

Market Specifications

Trading Screen Product Name
Gasoline Diff Futures
Trading Screen Hub Name
Sing Mogas 92 Unl (Platts)/Brent 1st Line
Commodity Code
STB
Contract Size
1,000 Barrels
Unit of Trading
Any multiple of 1,000 Barrels
Currency
US Dollars and cents
Trading Price
One cent ($0.01) per Barrel
Settlement Price
One tenth of a cent ($0.001) per Barrel
Minimum Price Fluctuation
One tenth of a cent ($0.001) per Barrel
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
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the 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 "Gasoline 92 unleaded" and the average of the settlement prices as made public by ICE for the front month Brent 1st Line Swap Future for each business day (as specified below) in the determination period.
Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby month quotation for ICE Brent 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 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
MIC Code
IFEU
Clearing Venues
ICEU