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ICE OTC

Singapore Gasoil Swap

Description

A monthly cash settled swap based on the Platts daily assessment price for Singapore Gasoil

Market Specifications

Trading Screen Product Name
Platts GO
Trading Screen Hub Name
Sing Gasoil 10ppm (Platts)
Rule Number
1388
Contract Symbol
GST
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Singapore” subheading “FOB Singapore ($/barrel)” for “Gasoil ” for each business day (as specified below) in the determination period.
Contract Series
Up to 60 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
Bilateral

Trading Hours

CityTradingPre-Open
New York7:50 PM - 7:00 PM*
19:50 - 19:00
7:40 PM
19:40
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
RefOutright bbl
Physical
GST
Logical
GST
GMI (FC)
HZ
ION A.C.N.
Symbol Code
GST