- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- 180cst Middle East FOB Arab Gulf (Platts)/180cst Sing (Platts)
- Contract Symbol
MEB
- 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
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the “Mid” quotations appearing in the
"Platts Asia-Pacific/Arab Gulf Marketscan" under the heading " Asia
Products" subheading "Middle East physical oil assessments" and
"FOB Arab Gulf ($/barrel)" for "HSFO 180 CST ($/mt)" and the
average of the “Mid” quotations appearing in the
"Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia
Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for
"HSFO 180 CST ($/mt)" for each business day (as specified below) in
the determination period.
- Contract Series
Up to 72 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
- MIC Code
- IFEU
- Clearing Venues
- ICEU