ICE OTC

Naphtha C+F Japan Cargo Swap

Naphtha C+F Japan Cargo Swap33592791

Description

A monthly cash settled swap based on the Platts daily assessment price for Naphtha C+F Japan.

Market Specifications

Trading Screen Product Name
Naphtha Futures
Trading Screen Hub Name
Naphtha C&F Japan Cg
Rule Number
13171
Commodity Code
NJC
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 ($0.01) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Japan physical oil assessments" and "C+F Japan" for the "Naphtha ($/mt)" quotation for each business day (as specified below) in the determination period.
Contract Series
Up to 36 consecutive months, or as otherwise determined by the SEF
Final Payment Date
Fourteen (14) Calendar Days after each settlement date via wire transfer or Federal funds
Business Days
Publication days for Platts Asia-Pacific/Arab Gulf 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

Trading Hours

CityTradingPre-Open
New York6:50 PM - 6:00 PM*
18:50 - 18:00
6:40 PM
18:40
London11:50 PM - 11:00 PM*
23:50 - 23:00
11:40 PM
23:40
Singapore7:50 AM - 7:00 AM*
07:50 - 07:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Ref Outright mt
Physical
Logical
GMI(FC)
A9
R&N A.C.N.
SN19