- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- Marine 0.5% FOB Sing(Platts)/Marine 0.5% FOB Rdam Bg (Platts)
- Contract Symbol
MF7
- 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the “$/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 the “$/mt” quotations appearing in the "Platts
European Marketscan" under the heading "Marine Fuel " for " 0.5%
FOB Rotterdam barge" for each Business Day in the determination
period.
Non-Common Pricing Applies
- Contract Series
Up to 60 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 and
Platts European Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU