- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- Marine 0.5% FOB Med Cg (Platts)/Marine 0.5% FOB Rdam Bg (Platts) Mini
- Contract Symbol
MDL
- 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“$/mt” quotations appearing in the “Platts
European Marketscan” under the heading “Marine
Fuel” for “0.5% FOB Mediterranean cargo” and the
average of “$/mt” quotations appearing in the
“Platts European Marketscan” under the heading
“Marine Fuel” for “0.5% FOB Rotterdam
barge” for each business day (as specified below) in the
determination period.
Non-Common Pricing applies.
- Contract Series
Up to 60 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