ICE Futures Europe

Jet CIF NWE Cargoes (Platts) Mini Future

Jet CIF NWE Cargoes (Platts) Mini Future27066799

Description

A monthly cash settled mini future based on the Platts daily assessment price for Jet CIF NWE Cargoes.

Market Specifications

Trading Screen Product Name
Jet Fuel Futures
Trading Screen Hub Name
Jet CIF NWE Cg Mini
Commodity Code
JCM
Contract Size
100 Metric Tonnes
Unit of Trading
Any multiple of 100 Metric Tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price
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
In respect of final settlement, the Floating Price will be a price in USD and cents per Metric Tonne based on the arithmetic mean of the the relevant high and low quotations appearing in the "Platts European Marketscan" under the heading "Northwest Europe cargoes" subheading "CIF NWE/Basis ARA" for the "Jet" quotation for each Business Day in the determination period.
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 European Marketscan
Fixed Price
The traded price or the previous day's settlement price
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

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

Codes

Clearing Admin Name
Ref Outright mt
Physical
JCM
Logical
JCM
GMI(FC)
RB
R&N A.C.N.
EH74