- Trading Screen Product Name
- Jet Fuel Futures
- Trading Screen Hub Name
- Jet CIF NWE Cg Mini
- Contract Symbol
JCM
- Contract Size
100 Metric Tonnes
- Unit of Trading
Any multiple of 100 Metric Tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price
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 arithmetic mean of the the relevant high and low quotations appearing in the "Platts European Marketscan" under the heading "Northwest Europe cargoes" subheading "CIF NWE/Basis ARA" for the "Jet" quotation for each Business Day 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 European Marketscan
- Fixed Price
The traded price or the previous day's settlement price
- MIC Code
- IFEU
- Clearing Venues
- ICEU