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ICE Futures Europe

Diesel Outright - ULSD 10ppm CIF Med Cargoes (Platts) Mini Future

Description

A monthly cash settled mini future based on the Platts daily assessment price for 10ppm ULSD CIF Med Cargoes.

Market Specifications

Trading Screen Product Name
Diesel Futures
Trading Screen Hub Name
ULSD 10ppm CIF Med Cg (Platts) Mini
Contract Symbol
FFM
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 Quotation
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 average of the “Mid” quotations appearing in “Platts European Marketscan” under the heading “Mediterranean cargoes” subheading “CIF Med (Genova/Lavera)” for “10ppm ULSD” for each business day (as specified below) 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
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
London4:50 AM - 3:00 AM
04:50 - 03:00
4:40 AM
04:40
Singapore12:50 PM - 11:00 AM
12:50 - 11:00
12:40 PM
12:40

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Ref Outright mt
Physical
FFM
Logical
FFM
GMI (FC)
/U
ION A.C.N.
Symbol Code
FFM