- Trading Screen Product Name
- Fuel Oil Crack Futures (balmo)
- Trading Screen Hub Name
- 3.5% FOB Rdam Bg (Platts)/Brent 1st Line Mini
- Contract Symbol
FQZ
- Contract Size
100 metric tonnes (635 bbls)
- Unit of Trading
Any multiple of 100 metric tonnes
- 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
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in the
“Platts European Marketscan” under the heading
“Northwest Europe barges” subheading “FOB
Rotterdam” for “Fuel oil 3.5%” and the average of
the settlement prices as made public by ICE for the front month
Brent Crude Future for each business day (as specified below) in
the determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 6.35 barrels.
- Contract Series
Up to 2 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts European Marketscan and ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU