- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- 380cst Sing/USGC HSFO
- Contract Symbol
GOK
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in the
“Platts Asia-Pacific/Arab Gulf Marketscan” under the
heading “Asia Products” and “Singapore”
subheading “FOB Singapore ($/barrel)” for “HSFO
380 CST ($/mt)” and the average of the “Mid”
quotations appearing in the “Platts US Marketscan”
under the heading “Gulf Coast” subheading
“Houston and “$/barrel” for “USGC
HSFO” for each business day (as specified below) in the
determination period
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 6.35 barrels
- Contract Series
Up to 60 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
Platts US Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU