- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- Marine 0.5% FOB Sing (Platts)/Sing GO (Platts)
- Contract Symbol
FDF
- 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 “Mid” quotations
appearing in “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.
conversion factor: 1 metric tonne = 7.45 barrels
- 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
- MIC Code
- IFEU
- Clearing Venues
- ICEU