Gasoline Diff - Singapore Mogas 95 Unleaded vs Singapore Mogas 92 Unleaded Future6753426

Description

A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Mogas Gasoline 95 unleaded and the Platts daily assessment price for Singapore Mogas Gasoline 92 unleaded.

Market Specifications

Trading Screen Product Name
Gasoline Diff Futures
Trading Screen Hub Name
Sing Mogas Unl 95/92 (Platts)
Commodity Code
SMD
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 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 "Gasoline 95 unleaded" and 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 "Gasoline 92 unleaded" for each Business Day in the determination period.
Contract Series
Up to 60 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
Singapore Business Days
MIC Code
IFEU
Clearing Venues
ICEU