Gasoline Outright - Singapore Mogas 97 Unleaded (Platts) Balmo Future28659488

Description

A balance of the month cash settled future based on the Platts daily assessment price for Singapore Mogas Gasoline 97 unleaded

Market Specifications

Trading Screen Product Name
Gasoline Futures (balmo)
Trading Screen Hub Name
Sing Mogas 97 Unl (Platts)
Commodity Code
ZNE-ZNZ; ZOA-ZOI
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 arithmetic average of the mid-point 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 the "Gasoline 97 unleaded" quotation for each Business Day in the determination period.
Contract Series
Up to 2 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