ICE Futures Europe

Fuel Oil Crack - Fuel Oil 380 CST Singapore vs Dubai 1st Line Future

Fuel Oil Crack - Fuel Oil 380 CST Singapore vs Dubai 1st Line Future6753327

Description

A monthly cash settled future based on the difference between the Platts daily assessment price for 380 CST Singapore Fuel Oil and and the Platts daily assessment price for Dubai Crude.

Market Specifications

Trading Screen Product Name
Fuel Oil Crack Futures
Trading Screen Hub Name
380cst Sing/Dubai 1st Line
Commodity Code
SLS
Contract Size
1,000 metric tonnes (6,350 BBLS)
Unit of Trading
Any multiple of 1,000 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One hundredth of one cent ($0.0001) per barrel
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" and the average of the mean of the high and low quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/bbl)" for "Dubai" prompt month for each Business Day in the determination period. Conversion factor: 1 metric tonne = 6.35 barrels. Non-common pricing applies.
Contract Series
Up to 60 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
Singapore and UK Business Days
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Cracks mt
Physical
SLS
Logical
SLS
GMI(FC)
R&N A.C.N.