Your browser is unsupported

Description

A balance of the month cash settled future based on the difference between the Platts daily assessment price for Singapore Gasoil 0.05% sulfur and the ICE settlement price for Low Sulphur Gasoil 1st Line Future.

Market Specifications

Trading Screen Product Name

Gasoil Arb Futures (balmo)

Trading Screen Hub Name

Sing Gasoil 0.05% (Platts)/LS GO 1st Line

Contract Symbol

SWR

Contract Size

1,000 Barrels

Unit of Trading

Any multiple of 1,000 Barrels

Currency

US Dollars and cents

Trading Price

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

Last Trading Day of the contract month

Fixed Price

The traded price or the previous day's settlement price

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 barrel equal to the difference between the average of the “Mid” quotations appearing in “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Gasoil 0.05% sulfur” and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day (as specified below) in the determination period.

Non-Common Pricing applies.

conversion factor: 1 metric tonne = 7.45 barrels.

Contract Series

Up to 2 consecutive months

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

Publication days for Platts Asia Pacific/Arab Gulf Marketscan and ICE

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.

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes