- Trading Screen Product Name
- Jet Fuel Diff Futures
- Trading Screen Hub Name
- Sing Kero (Platts)/LS GO 1st Line
- Contract Symbol
SJR
- 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
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in the
“Platts Asia Pacific/Arab Gulf Marketscan” under the
heading “Asia Products” subheading
“Singapore” and “FOB Singapore ($/barrel)”
for “Kerosene” and the average of the settlement prices
as made public by ICE for the Low Sulphur Gasoil 1st Line Future,
for each business day (as specified below) in the determination
period.
Non-Common Pricing applies.
Conversion factor (for Low Sulphur Gasoil): 1 metric tonne = 7.45
barrels.
- Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Low Sulphur Gasoil Futures specified in the
Floating Price terms above will be used except for the expiration
date of the commodity's underlying delivery month's futures
contract. On such date, the applicable pricing quotation will be
rolled to the following month's futures contract.
- Contract Series
Up to 9 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan and
ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU