- Trading Screen Product Name
- Naphtha Diff Futures
- Trading Screen Hub Name
- Naphtha C&F Japan Cg/Naphtha CIF NWE Cg
- Contract Symbol
JOE
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the difference between the average of the mean of the high and low quotations appearing in the "Asia-Pacific/Arab Gulf Marketscan" under the heading "Japan physical oil assessments" subheading "C+F Japan" for "Naphtha ($/mt)" and the average of the mean of the high and low quotations appearing in the "Platts European Marketscan" under the heading "Northwest European cargoes" subheading "CIF NWE/Basis ARA" for "Naphtha" for each Business Day in the determination period. Non-Common Pricing Applies.
- Contract Series
Up to 48 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