- Trading Screen Product Name
- Jet Fuel Diff Futures
- Trading Screen Hub Name
- Jet CIF NWE Cg/LS GO 1st Line
- Contract Symbol
ULJ
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
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
- 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 difference between
the mean of the high and low quotations appearing in the "Platts
European Marketscan" under the heading "Northwest Europe cargoes"
subheading "CIF NWE/Basis ARA" for "Jet" and the average of the
settlement prices as made public by ICE for the Low Sulphur Gasoil
1st Line Swap Future.
Non-Common Pricing applies.
- 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.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
One Business Day following the Last Trading Day
- Business Days
Publication days for Platts European Marketscan and ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU