Gasoil Diff - Singapore Gasoil (Platts) vs Singapore Gasoil 0.05% (Platts) Future6753395
ICE Futures Europe
Gasoil Diff - Singapore Gasoil (Platts) vs Singapore Gasoil 0.05% (Platts) Future
Description
A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Gasoil and the Platts daily assessment price for Singapore Gasoil 0.05% sulfur.
Market Specifications
- Trading Screen Product Name
- Gasoil Diff Futures
- Trading Screen Hub Name
- Sing Gasoil 10ppm (Platts)/Sing Gasoil 0.05% (Platts)
- Contract Symbol
- GSW
- 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 ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “Mid” quotations appearing in “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Gasoil” and 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” 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 Asia Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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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
- Ref Diffs bbl
- Physical
- GSW
- Logical
- GSW
- GMI (FC)
- ZQ
- ION A.C.N.
- 1292
- Symbol Code
- GSW