Jet Fuel Diff - Gulf Coast Jet Fuel (Platts) vs Heating Oil 1st Line Balmo Future32857615

Description

A balance of the month cash settled future based on the difference between the Platts daily assessment price for Gulf Coast Jet 54 Pipeline and the ICE daily settlement price for Heating Oil 1st Line Future.

Market Specifications

Trading Screen Product Name
Jet Fuel Diff Futures (balmo)
Trading Screen Hub Name
Jet USGC (Platts)/HO 1st Line
Commodity Code
04B-055
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One hundredth of one cent ($0.0001) per gallon
Settlement Price Quotation
One hundredth of one cent ($0.0001) per gallon
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per gallon
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 gallon based on the difference between the average of the “Mid” quotations appearing in the "Platts US Marketscan" under the heading "Gulf Coast" subheading "Houston" and “Prompt Pipeline” for "Jet 54" and the average of the settlement prices as made public by ICE for the Heating Oil 1st Line Future for each business day (as specified below) 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 US Marketscan
MIC Code
IFED
Clearing Venues
ICEU