ICE OTC

Singapore Mogas 95 Unleaded vs Singapore Mogas 92 Unleaded Swap

Singapore Mogas 95 Unleaded vs Singapore Mogas 92 Unleaded Swap28687697

Description

A monthly cash settled swap based on the difference between the Platts daily assessment price for Singapore Mogas Gasoline 95 unleaded and the Platts daily assessment price for Singapore Mogas Gasoline 92 unleaded.

Market Specifications

Trading Screen Product Name
Gasoline Diff Futures
Trading Screen Hub Name
Sing Mogas Unl 95/92 (Platts)
Rule Number
13105
Commodity Code
SMD
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
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 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 95 unleaded" and 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 "Gasoline 92 unleaded" for each business day (as specified below) in the determination period.
Contract Series
Up to 60 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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 7:00 PM*
19:50 - 19:00
7:40 PM
19:40
London12:50 AM - 12:00 AM*
00:50 - 00:00
12:40 AM
00:40
Singapore7:50 AM - 7:00 AM*
07:50 - 07:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Ref Diffs bbl
Physical
SMD
Logical
SMD
GMI(FC)
R&N A.C.N.