- Trading Screen Product Name
- Platts FO
- Trading Screen Hub Name
- USGC HSFO (Platts)
- Rule Number
13160
- Contract Symbol
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
- Bilateral