- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- USAC HSFO (Platts)/USGC HSFO (Platts)
- Contract Symbol
14W
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
A price in USD and cents per barrel based on the difference between
the average of the “Mid” quotations appearing in the
“Platts US Marketscan” under the heading
“Atlantic Coast” subheading “New York
Harbor” and “Delivered cargo ($/barrel)” for
“USAC HSFO” and the average of the “Mid”
quotations appearing in the “Platts US Marketscan”
under the heading “Gulf Coast” subheading
“Houston” and “$/barrel” for “USGC
HSFO” for each business day (as specified below) in the
determination period.
- 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 US Marketscan
- Position Limit
Specified in Table 2 to Chapter 19—see IFUS website
- MIC Code
- IFED
- Clearing Venues
- ICEU