Fuel Oil 180 CST Singapore Balmo Swap

ICE OTC

A balance of the month cash settled swap based on the Platts daily assessment price for 180 CST Singapore Fuel Oil.

Trading Screen Product Name: Platts FO (balmo)
Trading Screen Hub Name: 180cst Sing
Rule Number: 1381
Contract Symbol: SZT
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 ($0.01) per metric tonne
Last Trading Day: Last Trading Day of the contract month
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “HSFO 180 CST ($/mt)” for each business day (as specified below) in the determination period.
Contract Series: Up to 2 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

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