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ICE Futures Europe

Fuel Oil Outright - Fuel Oil 180 CST Singapore (Platts) Balmo Mini Future

Description

A balance of the month cash settled mini future based on the Platts daily assessment price for 180 CST Singapore Fuel Oil.

Market Specifications

Trading Screen Product Name
Fuel Oil Futures (balmo)
Trading Screen Hub Name
180cst Sing Mini
Contract Symbol
SMK
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 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 ($0.001) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period.
Contract Series
Up to 2 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Markers
TAP MOC (Trade at Platts Settlement-Market on Close)
Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:50 PM - 7:00 PM
20:50 - 19:00
8:40 PM
20:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Ref Outright mt
Physical
SMK
Logical
SMK
GMI (FC)
QK
ION A.C.N.
Symbol Code
SMK