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ICE Futures Europe

Gasoil Outright – Gasoil 0.1% FOB ARA Barges (Platts) Micro Future (10 MT)

Description

A monthly cash settled micro future based on the Platts daily assessment price for Gasoil 0.1% FOB ARA Barges.

Market Specifications

Trading Screen Product Name
Gasoil Futures
Trading Screen Hub Name
0.1% FOB ARA Bg (Platts) Micro
Contract Symbol
THK
Contract Size
10 metric tonnes
Unit of Trading
Any multiple of 10 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 average of the “Mid” quotations appearing in the “Platts European Marketscan” under the heading “Northwest Europe barges” subheading “FOB Rotterdam” for “Gasoil 0.1%” 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 Crude Oil Marketwire
MIC Code
IFEU
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

*Next Day

Sunday Pre-Open: 17:40, Open: 17:50

Codes

Clearing Admin Name
Ref Outright mt
Physical
THK
Logical
THK
GMI (FC)
ION A.C.N.
Symbol Code
THK