Gasoline - Singapore Mogas 92 Unleaded (Platts) Future5029394

Description

A monthly cash settled future based on the Platts daily assessment price for Singapore Mogas Gasoline 92 unleaded.

Market Specifications

Contract Symbol
SMT
Contract Size
1,000 Barrels
Units of Trading
Any multiple of 1,000 Barrels
Currency
US Dollars and cents
Trading Price
One cent ($0.01) per Barrel
Settlement Price
One tenth of a cent ($0.001) per Barrel
Minimum Price Flux
One tenth of a cent ($0.001) per Barrel
Last Trading Day
Last Trading Day of the contract month
Fixed Price
The traded price or the previous day's settlement price
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per Barrel based on the arithmetic average of the mid-point of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for the "Gasoline 92 unleaded" quotation for each Business Day in the determination period.
Contract Series
Up to 48 consecutive months will be listed commencing with the next calendar month. Quarterly and calendar tenors will be listed within the total number of listed monthly contract months as appropriate. An additional 12 months will be added to the end of the series upon the expiry of prompt December contract.
Final Payment Date
One Business Day following the Last Trading Day
Business Days
Singapore Business Days
MIC Code
IFEU
Clearing Venue
ICEU