- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- Marine 0.5% FOB Sing (Platts)/380cst Sing (Platts)
- Contract Symbol
MF6
- 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“$/mt” quotations appearing in the “Platts
Asia-Pacific/Arab Gulf Marketscan" under the heading "Marine Fuel
for “0.5% FOB Singapore cargo” and the average of
“Mid” quotations appearing in the “Platts
Asia-Pacific/Arab Gulf Marketscan” under the heading "Asia
Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for
"HSFO 380 CST ($/mt)" for each business day (as specified below) in
the determination period.
- Contract Series
Up to 72 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Day in the
determination period.
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU