- Trading Screen Product Name
- Naphtha Futures
- Trading Screen Hub Name
- Naphtha C&F Japan Mini
- Contract Symbol
NJM
- Contract Size
100 metric tonnes
- Unit of Trading
Any multiple of 100 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 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" for each business day (as
specified below) in the determination period.
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Markers
TAP MOC (Trade at Platts Settlement-Market on Close)
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU