Naphtha C+F Japan Cargo Swap

ICE OTC

A monthly cash settled swap based on the Platts daily assessment price for Naphtha C+F Japan.

Trading Screen Product Name: Naphtha Futures
Trading Screen Hub Name: Naphtha C&F Japan Cg
Rule Number: 13171
Contract Symbol: NJC
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 ($0.01) per metric tonne
Last Trading Day: Last Trading Day of the contract month
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Japan physical oil assessments" and "C+F Japan" for the "Naphtha ($/mt)" quotation for each business day (as specified below) in the determination period.
Contract Series: Up to 36 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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