- Trading Screen Product Name
- Fuel Oil Futures
- Trading Screen Hub Name
- 3.5% CIF Med Cg (Platts) Mini
- Contract Symbol
FOA
- 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“Mid” quotations appearing in the “Platts
European Marketscan” under the heading “European
Products ($/mt)” subheading “Mediterranean
cargoes” and “CIF Med (Genova/Lavera)” for
“Fuel oil 3.5%” 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 European Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU