Fuel Oil Diff - Fuel Oil 380 CST Singapore vs. 3.5% FOB Rotterdam Barges Swap2897158

Description

A monthly cash settled swap based on the difference between the Platts daily assessment price for 380 CST Singapore Fuel Oil and the Platts daily assessment price for 3.5% FOB Rotterdam Barges Fuel Oil.

Market Specifications

Trading Screen Product Name
Fuel Oil Diff Futures
Trading Screen Hub Name
380cst Sing/3.5% FOB Rdam Bg
Commodity Code
SJS
Rule Number
1387
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 ($0.01) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Fixed Price
The traded price or the previous day's settlement price
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the difference between the average of the "Mid" quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" and the average of the "Mid" quotations appearing in the "Platts European Marketscan" under the heading "Northwest Europe barges" subheading "FOB Rotterdam" for "Fuel Oil 3.5%" 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 and Platts European 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
ICEU
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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

Codes

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