- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- USGC HSFO (Platts)/3.5% FOB Rdam Bg (Platts)
- Contract Symbol
GOE
- Contract Size
1,000 barrels (157.50 metric tonnes)
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in the
“Platts US Marketscan” under the heading “Gulf
Coast” subheading “Houston” and
“$/barrel” for “USGC HSFO” and the average
of the “Mid” quotations appearing in the “Platts
European Marketscan” under the heading “Northwest
Europe barges” subheading “FOB Rotterdam” for
“Fuel oil 3.5%” 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 US Marketscan and Platts European
Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU