Fuel Oil 1% FOB Rotterdam Barges Balmo Swap33592767

Description

A balance of the month cash settled swap based on the Platts daily assessment price for 1% FOB Rotterdam Barges Fuel Oil.

Market Specifications

Trading Screen Product Name
Platts FO (balmo)
Trading Screen Hub Name
1% FOB Rdam Bg
Rule Number
13150
Commodity Code
AWA-AWZ; AXA-AXE
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
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 "Northwest Europe Barges" subheading "FOB Rotterdam" for "Fuel Oil 1.0%" for each business day (as specified below) in the determination period.
Contract Series
Up to 2 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
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM
00:50 - 23:05
12:40 AM
00:40
Singapore8:50 AM - 7:05 AM
08:50 - 07:05
8:40 AM
08:40

Codes

Clearing Admin Name
Ref Outright mt
Physical
AWA-AWZ; AXA-AXE
Logical
FOC
GMI(FC)
R&N A.C.N.