USGC HSFO Fuel Oil Swap33592780

Description

A monthly cash settled swap based on the Platts daily assessment price for US Gulf Coast High Sulphur Fuel Oil.

Market Specifications

Trading Screen Product Name
Platts FO
Trading Screen Hub Name
USGC HSFO (Platts)
Rule Number
13160
Commodity Code
RBO
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the "Mid" quotations appearing in the "Platts US Marketscan" under the heading "Gulf Coast" subheading "Houston" and "$/bbl" for "USGC HSFO" for each business day (as specified below) in the determination period.
Contract Series
Up to 48 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 US 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

*Next Day

Codes

Clearing Admin Name
RefOutright bbl
Physical
RBO
Logical
RBO
GMI(FC)
BI
R&N A.C.N.
SN24