Naphtha Outright - Daily Naphtha C+F Japan (Platts) Mini Future

ICE Futures Europe

A daily cash settled mini future based on the Platts daily assessment price for Naphtha C+F Japan.

Trading Screen Product Name: Naphtha Futures
Trading Screen Hub Name: Naphtha C&F Japan Cg (Platts) Mini Daily
Contract Symbol: DNE
Contract Size: 100 metric tonnes
Unit of Trading: Any multiple of 100 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: Second Business Day after the nominal contract date
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 average of the mean of the high and low quotations appearing in the “Asia-Pacific/Arab Gulf Marketscan” under the heading “Japan physical oil assessments” subheading “C+F Japan” for “Naphtha” for each business day (as specified below) in the determination period.
Contract Series: Up to 130 consecutive days
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

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

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