Naphtha CIF NWE Cargoes Balmo Swap

ICE OTC

A balance of the month cash settled swap based on the Platts daily assessment price for Naphtha CIF NWE Cargoes.

Trading Screen Product Name: Naphtha Futures (balmo)
Trading Screen Hub Name: Naphtha CIF NWE Cg
Rule Number: 13107
Contract Symbol: EAA-EAZ; EBA-EBE
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 European Marketscan" under the heading "Northwest European cargoes" subheading "CIF NWE/Basis ARA" for "Naphtha" 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: Five (5) New York Business Days after each settlement date via wire transfer of Federal funds
Business Days: Publication days for Platts European 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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