- Trading Screen Product Name
- Fuel Oil Diff Futures (mt)
- Trading Screen Hub Name
- Marine 0.5% Dlvd USAC Bg (Platts)/Marine 0.5% FOB USGC Bg (Platts)
- Contract Symbol
MGJ
- 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the “$/mt” quotations appearing in the
“Platts US Marketscan” under the heading “Marine
Fuel” for “0.5% Dlvd US Atlantic Coast barge” and
the average of the “$/mt” quotations appearing in the
“Platts US Marketscan” under the heading “Marine
Fuel” for “0.5% FOB US Gulf Coast barge” for each
business day (as specified below) in the determination period.
- Contract Series
Up to 60 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts US Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU