Fuel Oil 380 CST Singapore Swap28687670
ICE OTC
Fuel Oil 380 CST Singapore Swap
Description
A monthly cash settled swap based on the Platts daily assessment price for 380 CST Singapore Fuel Oil
Market Specifications
- Trading Screen Product Name
- Fuel Oil Futures
- Trading Screen Hub Name
- 380cst Sing
- Rule Number
- 1378
- Contract Symbol
- SYS
- 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 ($0.01) per metric tonne
- Last Trading Day
- Last Trading Day of the contract month
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" for each business day (as specified below) in the determination period.
- Contract Series
- Up to 60 consecutive months, or as otherwise determined by the SEF
- Final Payment Date
- Fourteen (14) Calendar Days after each settlement date via wire transfer or Federal funds
- Business Days
- Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- Other Terms
- To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
- MIC Code
- ICES
- Clearing Venues
- Bilateral
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 6:50 PM - 6:00 PM* 18:50 - 18:00 | 6:40 PM 18:40 |
| LONDON | 11:50 PM - 11:00 PM* 23:50 - 23:00 | 11:40 PM 23:40 |
| SINGAPORE | 7:50 AM - 7:00 AM* 07:50 - 07:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Outright mt
- Physical
- SYS
- Logical
- SYS
- GMI (FC)
- PF
- ION A.C.N.
- NM87
- Symbol Code
- SYS