Naphtha Outright - Daily Naphtha CIF NWE Cargoes (Platts) Mini Future

ICE Futures Europe

A daily cash settled mini future based on the Platts daily assessment price for Naphtha CIF NWE Cargoes.

Trading Screen Product Name: Naphtha Futures
Trading Screen Hub Name: Naphtha CIF NWE Cg (Platts) Mini Daily
Contract Symbol: DNC
Contract Size: 100 metric tonnes
Unit of Trading: Any multiple of 100 metric tonnes
Currency: US Dollars and cents
Trading Price Quotation: One cent ($0.01) per metric tonne
Settlement Price: One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation: One tenth of one cent ($0.001) per metric tonne
Last Trading Day: Second Business Day after the nominal contract date
Floating Price: In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
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 “Mid” quotations appearing in the “Platts European Marketscan” under the heading “Northwest Europe cargoes” subheading “CIF NWE/Basis ARA” for “Naphtha” for each business day (as specified below) in the determination period.
Contract Series: Up to 130 consecutive days
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: Publication days for Platts European Marketscan
MIC Code: IFEU
Clearing Venues: ICEU

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

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