ICE OTC

Premium Unleaded Gasoline 10ppm FOB Med Cargoes Swap

Premium Unleaded Gasoline 10ppm FOB Med Cargoes Swap33257745

Description

A monthly cash settled swap based on the Platts daily assessment price for Premium Unleaded 10ppm FOB Med Cargoes

Market Specifications

Trading Screen Product Name
Gasoline Futures
Trading Screen Hub Name
Premium Unl 10ppm FOB Med Cg
Rule Number
13119
Commodity Code
UCB
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 5,000 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
Twenty Five ($0.25) cents 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 European Marketscan" under the heading "Mediterranean cargoes" subheading "FOB Med (Italy)" for "Prem Unl 10ppm" 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
Five (5) New York Business Days after each settlement date via wire transfer of Federal funds
Business Days
Publication days for 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
IEPA

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40

Codes

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