Fuel Oil Diff - Fuel Oil 380 CST Singapore vs. 3.5% FOB Rotterdam Barges Swap2897158
ICE OTC
Fuel Oil Diff - Fuel Oil 380 CST Singapore vs. 3.5% FOB Rotterdam Barges Swap
Description
A monthly cash settled swap based on the difference between the Platts daily assessment price for 380 CST Singapore Fuel Oil and the Platts daily assessment price for 3.5% FOB Rotterdam Barges Fuel Oil.
Market Specifications
- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- 380cst Sing/3.5% FOB Rdam Bg
- Contract Symbol
- SJS
- Rule Number
- 1387
- 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 ($0.01) per metric tonne
- Last Trading Day
- Last Trading Day of the contract month
- Fixed Price
- The traded price or the previous day's settlement price
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the difference between the average of the "Mid" quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" and the average of the "Mid" quotations appearing in the "Platts European Marketscan" under the heading "Northwest Europe barges" subheading "FOB Rotterdam" for "Fuel Oil 3.5%" 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 and 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
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
Codes
- Clearing Admin Name
- Ref Diffs mt
- Physical
- SJS
- Logical
- SJS
- GMI (FC)
- MM
- ION A.C.N.
- Symbol Code
- SJS