Gasoline Outright - Middle East Mogas 92 FOB Arab Gulf (Platts) Future

ICE Futures Europe

A monthly cash settled future based on the Platts daily assessment price for Middle East 92 FOB Arab Gulf Mogas.

Trading Screen Product Name: Gasoline Futures
Trading Screen Hub Name: Middle East Mogas 92 FOB Arab Gulf (Platts)
Contract Symbol: SMQ
Contract Size: 1,000 Barrels
Unit of Trading: Any multiple of 1,000 Barrels
Currency: US Dollars and cents
Trading Price: One cent ($0.01) per Barrel
Settlement Price: One tenth of a cent ($0.001) per Barrel
Minimum Price Fluctuation: One tenth of a cent ($0.001) per Barrel
Last Trading Day: Last Trading Day of the contract month
Floating Price: In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Middle East physical oil assessments” subheading “FOB Arab Gulf ($/barrel)” for “Gasoline 92 unleaded” 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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