Jet Fuel Crack - Singapore Jet Kerosene Cargoes (Platts) vs Dubai 1st Line (Platts) Future57250483
ICE Futures Europe
Jet Fuel Crack - Singapore Jet Kerosene Cargoes (Platts) vs Dubai 1st Line (Platts) Future
Description
A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Jet Kerosene and the Platts daily assessment price for prompt month Dubai Crude.
Market Specifications
- Trading Screen Product Name
- Jet Fuel Crack Futures
- Trading Screen Hub Name
- Sing Kero (Platts)/Dubai 1st Line (Platts)
- Contract Symbol
- SFF
- 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
- Settlement Price Quotation
- One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Singapore” subheading “FOB Singapore ($/barrel)” for “Kerosene” and the average of the “Mid” quotations appearing in the Platts “Crude Oil Marketwire” under the heading “Key Benchmarks ($/barrel)” for “Dubai” prompt month for each business day (as specified below) in the determination period.
Non-Common Pricing applies. - Contract Series
- Up to 60 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 Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 6:50 PM - 6:00 PM* 18:50 - 18:00 | 6:40 PM 18:40 |
| LONDON | 11:50 PM - 11:00 PM* 23:50 - 23:00 | 11:40 PM 23:40 |
| SINGAPORE | 7:50 AM - 7:00 AM* 07:50 - 07:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Cracks bbl
- Physical
- SFF
- Logical
- SFF
- GMI (FC)
- @O
- ION A.C.N.
- Symbol Code
- SFF