Jet Fuel Diff – Singapore Jet Kerosene Cargoes (Platts) vs Singapore Gasoil 10 ppm (Platts) Future75145574
ICE Futures Europe
Jet Fuel Diff – Singapore Jet Kerosene Cargoes (Platts) vs Singapore Gasoil 10 ppm (Platts) Future
Description
A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Jet Kerosene and Platts daily assessment price for Singapore Gasoil 10 ppm throughout 2017. From 2 January 2018 it will become a monthly cash settled future based on the difference between the Platts daily assessment price for Singapore Jet Kerosene and the Platts daily assessment price for Singapore Gasoil. NB: Platts assessment of Singapore “Gasoil” from 2 January 2018 will reflect 10 ppm sulfur Gasoil grade.
Market Specifications
- Trading Screen Product Name
- Jet Fuel Diff Futures
- Trading Screen Hub Name
- Sing Kero (Platts)/Sing Gasoil 10ppm (Platts)
- Contract Symbol
- BAQ
- 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 ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- Up to and including the December 2017 contract month in respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on difference between the average of the “Mid” quotations appearing in “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Kerosene” and the average of the “Mid” quotations appearing in the “Platts Asia Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Gasoil 10 ppm” for each business day (as specified below) in the determination period. From January 2018 in respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on difference between the average of the “Mid” quotations appearing in “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Kerosene” and the average of the “Mid” quotations appearing in the “Platts Asia Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and “FOB Singapore ($/barrel)” for “Gasoil” 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
Related Products
- Gasoil Outright - Singapore Gasoil (Platts) Future
- Jet Fuel Outright - Singapore Jet Kerosene Future
- Gasoil Diff - Singapore Gasoil (Platts) vs Low Sulphur Gasoil 1st Line Future (in Bbls)
- Gasoil Outright - Singapore Gasoil (Platts) Mini Future
- Gasoil Outright - Singapore Gasoil (Platts) Balmo Future Show More
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Diffs bbl
- Physical
- BAQ
- Logical
- BAQ
- GMI (FC)
- I/
- ION A.C.N.
- Symbol Code
- BAQ