Marine Fuel 0.5% FOB Singapore Swap71857860
ICE OTC

Marine Fuel 0.5% FOB Singapore Swap

Description

A monthly cash settled swap based on the Platts daily assessment price for 0.5% FOB Singapore Marine Fuel.

Market Specifications

Trading Screen Product Name
Platts Marine Fuel
Trading Screen Hub Name
Marine 0.5% FOB Sing (Platts)
Contract Symbol
MF4
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 ($0.01) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/mt” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Marine Fuel” for “0.5% FOB Singapore cargo” for each business day (as specified below) in the determination period.
Roll Adjust Provision
N/A
Contract Series
Up to 60 consecutive months, or as otherwise determined by the SEF
Final Payment Date
Fourteen (14) Calendar Days after each settlement date via wire transfer or Federal funds.
Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code
ICES
Clearing Venues
Bilateral

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Ref Outright mt
Physical
MF4
Logical
MF4
GMI (FC)
Q?
Symbol Code
MF4