- Trading Screen Product Name
- Jet Fuel Diff Futures
- Trading Screen Hub Name
- Sing Kero (Platts)/Sing Gasoil 10ppm (Platts)
- Contract Symbol
BAQ
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
Up to and including the December 2017 contract month in respect of
final settlement, the Floating Price will be a price in USD and
cents per barrel based on difference between the average of the
“Mid” quotations appearing in “Platts
Asia-Pacific/Arab Gulf Marketscan” under the heading
“Asia Products” subheading “Singapore” and
“FOB Singapore ($/barrel)” for “Kerosene”
and the average of the “Mid” quotations appearing in
the “Platts Asia Pacific/Arab Gulf Marketscan” under
the heading “Asia Products” subheading
“Singapore” and “FOB Singapore ($/barrel)”
for “Gasoil 10 ppm” for each business day (as specified
below) in the determination period. From January 2018 in respect of
final settlement, the Floating Price will be a price in USD and
cents per barrel based on difference between the average of the
“Mid” quotations appearing in “Platts
Asia-Pacific/Arab Gulf Marketscan” under the heading
“Asia Products” subheading “Singapore” and
“FOB Singapore ($/barrel)” for “Kerosene”
and the average of the “Mid” quotations appearing in
the “Platts Asia Pacific/Arab Gulf Marketscan” under
the heading “Asia Products” subheading
“Singapore” and “FOB Singapore ($/barrel)”
for “Gasoil” for each business day (as specified below)
in the determination period.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU