TO: John Doe ABC Company 555 555 6789
DEAL ID:    123456789
BROKER:    SAMPLE BROKER COMPANY
COMMENTS:    ZZZ
We hereby confirm that, acting as agent on your instructions, we have arranged the following deal on your behalf:

TRADE DATE: OCTOBER 18, 2019 11:41:16 PM GMT
TRADE TYPE: ONLINE
COMMODITY TYPE: JET CIF NWE CARGOES VS LOW SULPHUR GASOIL 1ST LINE
QUANTITY PER DETERMINATION PERIOD: 0 MT MONTHLY
TOTAL QUANTITY: 0 MT
FIXED PRICE PAYOR: SALLY SMITH, XYZ COMPANY    555 555 1234
FLOATING PRICE PAYOR: JOHN DOE, ABC COMPANY    555 555 6789
STRIP: XXX19
EFFECTIVE DATE: OCT 18, 2019
TERMINATION DATE: OCT 18, 2019
FIXED PRICE: 0.00 USD / MT
DETERMINATION PERIODS: MONTHLY TRADING PERIOD(S) COMMENCING WITH THE EFFECTIVE DATE AND ENDING ON THE TERMINATION DATE.
FLOATING PRICE (A): TO BE BASED ON THE ARITHMETIC AVERAGE OF THE MEAN BETWEEN THE RELEVANT HIGH AND LOW QUOTATIONS APPEARING IN 'PLATT'S EUROPEAN MARKETSCAN' UNDER THE HEADING 'CARGOES CIF NWE BASIS ARA' FOR 'JET' QUOTATION FOR EACH BUSINESS DAY IN THE DETERMINATION PERIOD.
FLOATING PRICE (B): TO BE BASED ON THE AVERAGE OF THE SETTLEMENT PRICE(S) ON THE ICE FOR THE 1ST LINE LOW SULPHUR GASOIL FUTURES CONTRACT FOR EACH BUSINESS DAY IN THE DETERMINATION PERIOD.
FINAL FLOATING PRICE: FLOATING PRICE (A) MINUS FLOATING PRICE (B)
ROLL ADJUST PROVISION: IN ORDER TO USE THE CORRECT FLOATING PRICE QUOTATIONS, THE NEARBY MONTH QUOTATION SPECIFIED IN THE FLOATING PRICE TERMS ABOVE WILL BE USED EXCEPT FOR THE EXPIRATION DATE OF EACH COMMODITY'S UNDERLYING DELIVERY MONTH'S FUTURES CONTRACT. ON SUCH DATE, THE APPLICABLE PRICING QUOTATION WILL BE ROLLED TO THE FOLLOWING MONTH'S (THE NEXT NEARBY) QUOTATION. THIS PROVISION SHALL BE APPLICABLE SOLELY IN THE CASE OF FLOATING PRICES DETERMINED WITH REFERENCE TO EITHER THE IPE BRENT OR GASOIL FUTURES CONTRACT OR THE INDEX AVERAGE QUOTED WITH RESPECT TO SUCH FUTURES CONTRACTS.
SETTLEMENT: CASH SETTLED IN USD
SETTLEMENT DATES: THE LAST PRICING DAY IN EACH DETERMINATION PERIOD.
PAYMENT DATES: FIVE (5) NEW YORK BUSINESS DAYS AFTER EACH SETTLEMENT DATE VIA WIRE TRANSFER OF FEDERAL FUNDS.
OTHER TERMS: TO BE CONFIRMED DIRECTLY BETWEEN THE ABOVE PARTIES IN THEIR FULL FORM OF CONTRACT. TERMS OF ANY MASTER AGREEMENT(S) BETWEEN THE TWO COUNTERPARTIES TAKE PRECEDENCE OVER THE TERMS OF THIS CONFIRMATION.
SEF TERMS: THE TRANSACTION WILL INCORPORATE AND BE SUBJECT TO THE TERMS OF THE REFERENCED ISDA COMMODITY DERIVATIVES DEFINITIONS, AS AMENDED AND SUPPLEMENTED AS OF THE DATE HEREOF, ANY APPLICABLE PUBLISHED STANDARD TERMS SUPPLEMENT AS OF THE DATE HEREOF FOR THE RELEVANT TRANSACTION TYPE AND REFERENCE ENTITY, AND ANY APPLICABLE MASTER AGREEMENT (INCLUDING ANY CREDIT SUPPORT ARRANGEMENT) BETWEEN THE PARTIES. FOR THE AVOIDANCE OF DOUBT, THIS CONFIRMATION LEGALLY SUPERSEDES ANY CONTRADICTORY TERMS FOUND IN ANY FREESTANDING NEGOTIATED AGREEMENTS THAT THE PARTIES MAY HAVE ENTERED INTO RELATING TO THIS TRANSACTION OR TO TRANSACTIONS GENERALLY.

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