USGC HSFO Fuel Oil Swap

ICE OTC

A monthly cash settled swap based on the Platts daily assessment price for US Gulf Coast High Sulphur Fuel Oil.

Trading Screen Product Name: Platts FO
Trading Screen Hub Name: USGC HSFO (Platts)
Rule Number: 13160
Contract Symbol: RBO
Contract Size: 1,000 barrels
Unit of Trading: Any multiple of 1,000 barrels
Currency: US Dollars and cents
Trading Price Quotation: One cent ($0.01) per barrel
Last Trading Day: Last Trading Day of the contract month
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the "Mid" quotations appearing in the "Platts US Marketscan" under the heading "Gulf Coast" subheading "Houston" and "$/bbl" for "USGC HSFO" for each business day (as specified below) in the determination period.
Contract Series: Up to 48 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 US 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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