Fuel Oil Diff - Marine Fuel 0.5% FOB Rotterdam Barges (Platts) vs 3.5% FOB Rotterdam Barges (Platts) Balmo Future79234902
ICE Futures Europe
Fuel Oil Diff - Marine Fuel 0.5% FOB Rotterdam Barges (Platts) vs 3.5% FOB Rotterdam Barges (Platts) Balmo Future
Description
A balance of the month cash settled future based on the difference between the Platts daily assessment price for 0.5% FOB Rotterdam Barges Marine Fuel Oil and the Platts daily assessment price for 3.5% FOB Rotterdam Barges Fuel Oil.
Market Specifications
- Trading Screen Product Name
- Fuel Oil Diff Futures (balmo)
- Trading Screen Hub Name
- Marine 0.5% FOB Rdam Bg (Platts)/3.5% FOB Rdam Bg (Platts)
- Contract Symbol
- FNV
- 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 ($0.001) per metric tonne
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/mt” quotations appearing in the “Platts European Marketscan” under the heading “Marine Fuel" for "0.5% FOB Rotterdam barge" and the average of “Mid” quotations appearing in the “Platts European Marketscan” under the heading “Northwest Europe barges” subheading “FOB Rotterdam” for “Fuel oil 3.5%” for each business day (as specified below) in the determination period.
- Contract Series
- Up to 2 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Day in the determination period.
- Business Days
- Publication days for Platts European Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:05 PM* 19:50 - 18:05 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:05 PM 00:50 - 23:05 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:05 AM* 08:50 - 07:05 | 8:40 AM 08:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Diffs mt
- Physical
- FNV
- Logical
- FNV
- GMI (FC)
- P=
- ION A.C.N.
- Symbol Code
- FNV