- Trading Screen Product Name
- Platts Gasoil Diff (balmo)
- Trading Screen Hub Name
- Diesel 10ppm FOB ARA Barges/LS GO 1st Line
- Rule Number
13132
- Contract Symbol
UMA
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 5,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
Twenty Five ($0.25) cents 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 difference between
the average of the “Mid” quotations appearing in the
"Platts European Marketscan" under the heading "Northwest Europe
barges" subheading "FOB Rotterdam" for "Diesel 10 ppm" and the
average of the settlement prices as made public by ICE for Low
Sulphur Gasoil Future for each business day (as specified below) in
the determination period. Non-Common Pricing applies.
- Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Low Sulphur Gasoil Futures specified in the
Floating Price terms above will be used except for the expiration
date of the commodity's underlying delivery month's futures
contract. On such date, the applicable pricing quotation will be
rolled to the following month's futures contract. Non-Common
Pricing applies.
- 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 and ICE
- 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