Fuel Oil 180 CST Singapore Balmo Swap28687673

Description

A balance of the month cash settled swap based on the Platts daily assessment price for 180 CST Singapore Fuel Oil.

Market Specifications

Trading Screen Product Name
Fuel Oil Futures (balmo)
Trading Screen Hub Name
180cst Sing
Rule Number
1381
Commodity Code
BLA-BLZ; BMA-BME
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 ($0.01) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period.
Contract Series
Up to 2 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
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
IEPA
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Trading Hours

CityTradingPre-Open
New York6:50 PM - 5:05 PM*
18:50 - 17:05
6:40 PM
18:40
London11:50 PM - 10:05 PM*
23:50 - 22:05
11:40 PM
23:40
Singapore7:50 AM - 6:05 AM*
07:50 - 06:05
7:40 AM
07:40

*Next Day

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

Codes

Clearing Admin Name
Ref Outright mt
Physical
BLA-BLZ; BMA-BME
Logical
SZT
GMI(FC)
R&N A.C.N.