Jet Fuel Diff - Singapore Jet Kerosene Cargoes (Platts) vs Singapore Gasoil 0.05% (Platts) Balmo Future20614026

Description

A balance of the month cash settled future based on the difference between the Platts daily assessment price for Singapore Jet Kerosene and the Platts daily assessment price for Singapore Gasoil 0.05% sulfur.

Market Specifications

Trading Screen Product Name
Jet Fuel Diff Futures (balmo)
Trading Screen Hub Name
Sing Kero (Platts)/Sing Gasoil 0.05% (Platts)
Commodity Code
GPV-GQZ
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on difference between the average of the “Mid” quotations appearing in “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Kerosene” and the average of the “Mid” quotations appearing in “Platts Asia Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Gasoil 0.05% sulfur” for each business day (as specified below) in the determination period.
Contract Series
Up to 2 consecutive calendar 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
Loading...

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM*
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM*
00:50 - 23:05
12:40 AM
00:40
Singapore7:50 AM - 6:05 AM*
07:50 - 06:05
7:40 AM
07:40

*Next Day

Loading...

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Ref Diffs bbl
Physical
GPV-GQZ
Logical
SVX
GMI(FC)
R&N A.C.N.