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ICE Futures Abu Dhabi

Gasoil Crack - Singapore Gasoil (Platts) vs Murban Singapore Marker 1st Line Future

Description

A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Gasoil and the ICE settlement price for the Murban Singapore Marker 1st Line Future.

Market Specifications

Trading Screen Product Name
Gasoil Crack Futures
Trading Screen Hub Name
Sing Gasoil 10ppm (Platts)/Murban Sing Marker 1st Line
Contract Symbol
MUS
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 ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “Mid” quotations appearing in “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Gasoil” and the average of the Singapore Marker prices (at 16:30 Singapore Prevailing Time) as made public by ICE for the front month Murban Crude Oil Future contract for each business day (as specified below) in the determination period.

Non-Common Pricing applies.
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day.
Business Days
ICE business days and publication days for Platts Asia-Pacific/Arab Gulf Marketscan
MIC Code
IFAD
Clearing Venues
ICEU

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
Abu Dhabi3:50 AM - 2:00 AM*
03:50 - 02:00
3:40 AM
03:40

*Next Day

Monday Trading Day: the market will open two hours prior to the times stated in the table

Codes

Clearing Admin Name
Cracks bblAD
Physical
MUS
Logical
MUS
GMI (FC)
AP
ION A.C.N.
Symbol Code
MUS